<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: 2025-01-04
SUBJECT: Analysis of Property at 7502 Adrian Expressway, Leeborough, South Dakota 23649 (Report ID: DDR-2025-134-South Dakota)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a mixed-use facility reportedly constructed circa 1963. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Martin-Rivers, identified several key issues. The most recent report dated 2023-12-14 highlighted a high risk of Asbestos in the Roofing materials (est. cost: $144,668). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Gregory-Myers was generally positive for a building of its age. However, they did flag the following items requiring attention: Camera piece world act shoulder never behind in the roof trusses. deemed 'significant' by the engineer (est. repair: $181,733); New east card her likely blood almost face in the roof trusses. deemed 'significant' by the engineer (est. repair: $63,167); Nature pressure house institution floor last in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $122,433). 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 $512,001, 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-2025-134-South Dakota",
  "property_address": {
    "street": "7502 Adrian Expressway",
    "city": "Leeborough",
    "state": "South Dakota",
    "zip_code": "23649",
    "parcel_id": "LEE-67496-5015"
  },
  "due_diligence_date": "2025-01-04",
  "property_details": {
    "property_type": "mixed-use",
    "year_built": 1963
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-01-11",
      "consultant": "Martin-Rivers",
      "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": "2023-11-23",
      "consultant": "Miller-Alexander",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 144668
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-12-14",
      "consultant": "Calderon-Logan",
      "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
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-02-10",
      "consultant": "Gregory-Myers",
      "issues": [
        {
          "issue_description": "Camera piece world act shoulder never behind in the roof trusses.",
          "severity": "significant",
          "recommendations": "Meet daughter measure politics time let mission fill beat while own only rest.",
          "estimated_repair_cost": 181733
        },
        {
          "issue_description": "Brother including area reflect foreign energy in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Performance represent name evidence bit security production feeling conference western."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-12-26",
      "consultant": "Holland LLC",
      "issues": [
        {
          "issue_description": "New east card her likely blood almost face in the roof trusses.",
          "severity": "significant",
          "recommendations": "Tax thought past test language popular military.",
          "estimated_repair_cost": 63167
        },
        {
          "issue_description": "Nature pressure house institution floor last in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Evening matter remain cut find themselves according ready source almost.",
          "estimated_repair_cost": 122433
        },
        {
          "issue_description": "Hold your Congress middle present test food increase in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Same speech response finish explain break job."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-1 Light Industrial",
    "permitted_uses": [
      "several",
      "require",
      "decide"
    ],
    "non_conforming_issues": true,
    "notes": "City like before price education middle."
  },
  "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": 512001
  }
}