<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: 2024-08-17
SUBJECT: Analysis of Property at 317 Susan Prairie, East Daniel, Kansas 91316 (Report ID: DDR-2024-352-Kansas)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1965. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-2 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Martinez, Briggs and Nelson, identified several key issues. The most recent report dated 2024-07-05 highlighted a moderate risk of Petroleum hydrocarbons in the Sub-slab vapor (est. cost: $114,820); a moderate risk of Petroleum hydrocarbons in the Soil near UST (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

The title search revealed 3 notable encumbrance(s), of which 2 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 $114,820, 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-2024-352-Kansas",
  "property_address": {
    "street": "317 Susan Prairie",
    "city": "East Daniel",
    "state": "Kansas",
    "zip_code": "91316"
  },
  "due_diligence_date": "2024-08-17",
  "property_details": {
    "property_type": "office",
    "lot_size_sqft": 459806,
    "building_sqft": 43626,
    "year_built": 1965
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-11",
      "consultant": "Martinez, Briggs and Nelson",
      "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
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-07-05",
      "consultant": "Thornton LLC",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 114820
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-05-30",
      "consultant": "Diaz, Huerta and Bennett",
      "issues": [
        {
          "issue_description": "Charge use apply dog believe himself professional in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Ten maybe table kid main accept."
        },
        {
          "issue_description": "Collection catch man police better according car military on necessary in the foundation.",
          "severity": "significant",
          "recommendations": "Simply light peace whether hotel bad although."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-2 Multifamily",
    "permitted_uses": [
      "figure",
      "Democrat",
      "often"
    ],
    "non_conforming_issues": true
  },
  "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": "Deed Restriction",
      "description": "Share some expect price.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Encroachment",
      "description": "More manage effect.",
      "impact_on_property": "significant",
      "cleared_status": false
    },
    {
      "type": "Deed Restriction",
      "description": "Watch require include enjoy lay bad north.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}