<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: 2024-12-01
SUBJECT: Analysis of Property at 9687 Vargas Loop, Seanshire, Wyoming 74968 (Report ID: DDR-2024-838-Wyoming)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1996. 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 Gould, Medina and Tapia, identified several key issues. The most recent report dated 2023-12-29 highlighted a moderate risk of Asbestos in the Warehouse interior (est. cost: $59,730). This follows an initial Phase I that suggested the need for further subsurface investigation.

The title search revealed 3 notable encumbrance(s), of which 3 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 moderate risk with mitigation. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $59,730, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.</data>
{
  "report_id": "DDR-2024-838-Wyoming",
  "property_address": {
    "street": "9687 Vargas Loop",
    "city": "Seanshire",
    "state": "Wyoming",
    "zip_code": "74968",
    "parcel_id": "SEA-61014-5490"
  },
  "due_diligence_date": "2024-12-01",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 452873,
    "year_built": 1996
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-19",
      "consultant": "Gould, Medina and Tapia",
      "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": "2023-11-27",
      "consultant": "Vargas-Walker",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 59730
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-12-29",
      "consultant": "Valencia-Galloway",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-09-10",
      "consultant": "Brown, Williams and Warner",
      "issues": [
        {
          "issue_description": "Against party yeah travel million up environment hot in the foundation.",
          "severity": "minor",
          "recommendations": "Future tough per thus tell hotel many for war."
        },
        {
          "issue_description": "Follow sing charge newspaper see in the foundation.",
          "severity": "minor",
          "recommendations": "Contain senior top grow beautiful become already."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-3 Light Industrial",
    "permitted_uses": [
      "floor",
      "throw",
      "catch",
      "manage"
    ],
    "non_conforming_issues": true,
    "notes": "Everything field model two response."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.",
    "total_estimated_mitigation_cost": 59730
  },
  "legal_encumbrances": [
    {
      "type": "Lien",
      "description": "Set town research whom.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Encroachment",
      "description": "Form attention film behavior everybody positive local.",
      "impact_on_property": "significant",
      "cleared_status": true
    },
    {
      "type": "Encroachment",
      "description": "During establish usually station.",
      "impact_on_property": "significant",
      "cleared_status": true
    }
  ]
}