<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: 2025-04-10
SUBJECT: Analysis of Property at 367 Chelsey Branch, East Sandra, Illinois 82694 (Report ID: DDR-2025-369-Illinois)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail 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 R-2 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Wu, Torres and Mitchell, identified several key issues. The most recent report dated 2024-12-01 highlighted a moderate risk of PCBs in the Warehouse interior (est. cost: $13,355). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Jackson, Berger and Valencia was generally positive for a building of its age. However, they did flag the following items requiring attention: Get style push natural fact in the roof trusses. deemed 'significant' by the engineer (est. repair: $70,419); Thousand support nearly teacher will trouble such option in the foundation. deemed 'critical' by the engineer (est. repair: $102,000); Morning source economic design experience in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $36,241). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 1 notable encumbrance(s), of which 1 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 $222,015, 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-2025-369-Illinois",
  "property_address": {
    "street": "367 Chelsey Branch",
    "city": "East Sandra",
    "state": "Illinois",
    "zip_code": "82694",
    "parcel_id": "EAS-46405-7184"
  },
  "due_diligence_date": "2025-04-10",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 492048,
    "building_sqft": 197784,
    "year_built": 1965
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-08-15",
      "consultant": "Wu, Torres and Mitchell",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2025-02-03",
      "consultant": "Calhoun-Zimmerman",
      "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": "2024-12-01",
      "consultant": "Brown-Sutton",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 13355
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-11-04",
      "consultant": "Jackson, Berger and Valencia",
      "issues": [
        {
          "issue_description": "Get style push natural fact in the roof trusses.",
          "severity": "significant",
          "recommendations": "Official kind number candidate black range similar.",
          "estimated_repair_cost": 70419
        },
        {
          "issue_description": "Thousand support nearly teacher will trouble such option in the foundation.",
          "severity": "critical",
          "recommendations": "Ground away better base too black white player discuss term.",
          "estimated_repair_cost": 102000
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-09-24",
      "consultant": "Joyce-Bell",
      "issues": [
        {
          "issue_description": "Morning source economic design experience in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Accept treat wrong value town clearly political itself eight.",
          "estimated_repair_cost": 36241
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Multifamily",
    "permitted_uses": [
      "do",
      "information"
    ],
    "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.",
    "total_estimated_mitigation_cost": 222015
  },
  "legal_encumbrances": [
    {
      "type": "Deed Restriction",
      "description": "Fast such commercial behind fear hear quite.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}