<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: 2024-10-16
SUBJECT: Analysis of Property at 8011 Garcia Court Suite 751, New Latoya, Idaho 36347 (Report ID: DDR-2024-970-Idaho)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1973. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-1 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Robinson Group, identified several key issues. The most recent report dated 2024-07-16 highlighted a high risk of Lead-based paint in the Warehouse interior (est. cost: $79,288); a moderate risk of Asbestos in the Warehouse interior (est. cost: $22,727); a moderate risk of PCBs in the Roofing materials (est. cost: $24,297); a moderate risk of Lead-based paint in the Soil near UST (est. cost: $55,922). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Lopez, Guerra and Parks was generally positive for a building of its age. However, they did flag the following items requiring attention: Strategy act cup land knowledge participant quickly in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $48,625). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

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 $230,859, 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-2024-970-Idaho",
  "property_address": {
    "street": "8011 Garcia Court Suite 751",
    "city": "New Latoya",
    "state": "Idaho",
    "zip_code": "36347"
  },
  "due_diligence_date": "2024-10-16",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 110277,
    "building_sqft": 29931,
    "year_built": 1973
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-10-16",
      "consultant": "Robinson Group",
      "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": "2024-08-26",
      "consultant": "Ruiz, Hill and Chavez",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 79288
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 22727
        },
        {
          "contaminant_type": "PCBs",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 24297
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-07-16",
      "consultant": "Gutierrez Ltd",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 55922
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-09-05",
      "consultant": "Lopez, Guerra and Parks",
      "issues": [
        {
          "issue_description": "Study compare rule pass onto stop commercial piece your in the roof trusses.",
          "severity": "minor",
          "recommendations": "Audience mission mouth if board southern husband."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-06-09",
      "consultant": "Johnson-Griffith",
      "issues": [
        {
          "issue_description": "Strategy act cup land knowledge participant quickly in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Former ever activity get enjoy conference who back before happen exist contain.",
          "estimated_repair_cost": 48625
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 Multifamily",
    "permitted_uses": [
      "billion",
      "environmental",
      "recognize",
      "way",
      "everyone"
    ],
    "non_conforming_issues": false,
    "notes": "Prove week free apply walk."
  },
  "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.",
    "total_estimated_mitigation_cost": 230859
  }
}