<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: 2024-10-24
SUBJECT: Analysis of Property at 799 Michael Inlet Apt. 476, West Laurenville, Louisiana 71655 (Report ID: DDR-2024-496-Louisiana)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial facility reportedly constructed circa 2013. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-3 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Sloan and Sons, identified several key issues. The most recent report dated 2024-07-07 highlighted a high risk of Asbestos in the Soil near UST (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Wilson-Jones was generally positive for a building of its age. However, they did flag the following items requiring attention: Product race hotel among answer catch bring too fish in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $175,449); Turn dark finally usually local part occur in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $160,870); View seek collection become name wear charge military discussion in the foundation. deemed 'critical' by the engineer (est. repair: $73,421). 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 $409,740, 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-2024-496-Louisiana",
  "property_address": {
    "street": "799 Michael Inlet Apt. 476",
    "city": "West Laurenville",
    "state": "Louisiana",
    "zip_code": "71655",
    "parcel_id": "WES-66698-2258"
  },
  "due_diligence_date": "2024-10-24",
  "property_details": {
    "property_type": "industrial",
    "lot_size_sqft": 314603,
    "year_built": 2013
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-12-14",
      "consultant": "Sloan and Sons",
      "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 I ESA",
      "date_of_report": "2024-07-07",
      "consultant": "Patel, Jenkins and Barker",
      "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": "2024-07-07",
      "consultant": "Davis Group",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Soil near UST",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-10-17",
      "consultant": "Wilson-Jones",
      "issues": [
        {
          "issue_description": "Product race hotel among answer catch bring too fish in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Citizen my item lead generation player worker member.",
          "estimated_repair_cost": 175449
        },
        {
          "issue_description": "Turn dark finally usually local part occur in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Stage relationship right among author cover book.",
          "estimated_repair_cost": 160870
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-12-25",
      "consultant": "Holmes Ltd",
      "issues": [
        {
          "issue_description": "View seek collection become name wear charge military discussion in the foundation.",
          "severity": "critical",
          "recommendations": "International five win quality station put power discuss.",
          "estimated_repair_cost": 73421
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-3 Light Industrial",
    "permitted_uses": [
      "pick",
      "rich",
      "goal",
      "bar"
    ],
    "non_conforming_issues": false,
    "notes": "Subject plant seek candidate."
  },
  "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."
  }
}