<format type="json">{report_id: string, property_address: {street: string, city: string, state: string, zip_code: string, parcel_id: string optional}, due_diligence_date: date, property_details: {property_type: string, lot_size_sqft: number optional, building_sqft: number optional, year_built: number optional}, environmental_findings: array of {report_type: string, date_of_report: date, consultant: string, findings: array of {contaminant_type: string, location: string, risk_level: string, remediation_required: boolean, estimated_cost: number optional}}, structural_findings: array of {report_type: string, date_of_report: date, consultant: string, issues: array of {issue_description: string, severity: string, recommendations: string, estimated_repair_cost: number optional}}, zoning_compliance: {current_zone: string, permitted_uses: array of string, non_conforming_issues: boolean, notes: string optional}, legal_encumbrances: array of {type: string, description: string, impact_on_property: string, cleared_status: boolean} optional, overall_risk_assessment: {summary_assessment: string, total_estimated_mitigation_cost: number optional, recommendation: string}}</format> <data>MEMORANDUM

TO: Investment Committee
FROM: Due Diligence Team
DATE: 2024-09-08
SUBJECT: Analysis of Property at 352 Lawson Mission Apt. 140, South John, Nevada 71288 (Report ID: DDR-2024-866-Nevada)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1987. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-3 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Haney, Jacobson and Lucas, identified several key issues. The most recent report dated 2024-06-20 highlighted a high risk of Lead-based paint in the Roofing materials (est. cost: $13,201); a moderate risk of VOCs in the Warehouse interior (est. cost: $30,009); a moderate risk of Petroleum hydrocarbons in the Sub-slab vapor (est. cost: $148,394). This follows an initial Phase I that suggested the need for further subsurface investigation.

The title search revealed 1 notable encumbrance(s), of which 0 have been marked as cleared. A standard utility easement along the eastern boundary, for instance, poses minimal impact on future development. Other items are pending review by legal counsel.

In conclusion, our analysis indicates a high risk proceed with caution. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $191,604, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed only with significant seller concessions and a clear remediation plan. Further investigation is advised.</data>
{
  "report_id": "DDR-2024-866-Nevada",
  "property_address": {
    "street": "352 Lawson Mission Apt. 140",
    "city": "South John",
    "state": "Nevada",
    "zip_code": "71288",
    "parcel_id": "SOU-44182-7859"
  },
  "due_diligence_date": "2024-09-08",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 320931,
    "building_sqft": 105593,
    "year_built": 1987
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-01",
      "consultant": "Haney, Jacobson and Lucas",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-01-20",
      "consultant": "Flowers Ltd",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 13201
        },
        {
          "contaminant_type": "VOCs",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 30009
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 148394
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-06-20",
      "consultant": "Chavez, Davis and Murphy",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-06-12",
      "consultant": "Martin, Graham and Anderson",
      "issues": [
        {
          "issue_description": "Half yourself wide speak water new in the roof trusses.",
          "severity": "significant",
          "recommendations": "Lose increase data want spend agency course way commercial."
        },
        {
          "issue_description": "Article challenge serve television chance most throw view low democratic in the roof trusses.",
          "severity": "minor",
          "recommendations": "Firm big local sound something phone."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-3 General Commercial",
    "permitted_uses": [
      "large",
      "own",
      "stop",
      "race",
      "this"
    ],
    "non_conforming_issues": false,
    "notes": "Condition stand cover performance test break."
  },
  "overall_risk_assessment": {
    "summary_assessment": "high_risk_proceed_with_caution",
    "recommendation": "Proceed only with significant seller concessions and a clear remediation plan. Further investigation is advised."
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Area federal job right.",
      "impact_on_property": "moderate",
      "cleared_status": false
    }
  ]
}