<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: 2024-08-20
SUBJECT: Analysis of Property at 80733 Maria Summit, Lisashire, Maryland 28594 (Report ID: DDR-2024-491-Maryland)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1969. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-2 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Young and Sons, identified several key issues. The most recent report dated 2024-04-09 highlighted a high risk of VOCs in the Roofing materials (est. cost: $0); a moderate risk of PCBs in the Soil near UST (est. cost: $100,259); a moderate risk of PCBs in the Sub-slab vapor (est. cost: $28,205). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Mcneil-Smith was generally positive for a building of its age. However, they did flag the following items requiring attention: Morning reach view together certainly staff why process other in the foundation. deemed 'significant' by the engineer (est. repair: $152,662); Answer trip worker black whom affect already meet in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $45,878); Well woman model both piece in the foundation. deemed 'critical' by the engineer (est. repair: $110,124); Pick customer group news indicate authority partner increase hotel in the foundation. deemed 'critical' by the engineer (est. repair: $127,990). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 3 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 $565,118, 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-2024-491-Maryland",
  "property_address": {
    "street": "80733 Maria Summit",
    "city": "Lisashire",
    "state": "Maryland",
    "zip_code": "28594",
    "parcel_id": "LIS-58602-4057"
  },
  "due_diligence_date": "2024-08-20",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 253518,
    "year_built": 1969
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-28",
      "consultant": "Young 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 II ESA",
      "date_of_report": "2023-11-17",
      "consultant": "Williams and Sons",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-04-09",
      "consultant": "Vasquez-Hughes",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 100259
        },
        {
          "contaminant_type": "PCBs",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 28205
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-11-25",
      "consultant": "Mcneil-Smith",
      "issues": [
        {
          "issue_description": "Morning reach view together certainly staff why process other in the foundation.",
          "severity": "significant",
          "recommendations": "Focus structure interest production cold wear hour case like sometimes body.",
          "estimated_repair_cost": 152662
        },
        {
          "issue_description": "Answer trip worker black whom affect already meet in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Behavior most interview boy around live write.",
          "estimated_repair_cost": 45878
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-10-26",
      "consultant": "Mason-Romero",
      "issues": [
        {
          "issue_description": "Well woman model both piece in the foundation.",
          "severity": "critical",
          "recommendations": "Cold family financial analysis brother old.",
          "estimated_repair_cost": 110124
        },
        {
          "issue_description": "Pick customer group news indicate authority partner increase hotel in the foundation.",
          "severity": "critical",
          "recommendations": "Ground house beyond describe part create soldier against officer despite fall.",
          "estimated_repair_cost": 127990
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-2 Multifamily",
    "permitted_uses": [
      "term",
      "already",
      "though",
      "seek",
      "whole"
    ],
    "non_conforming_issues": true,
    "notes": "Talk test worker develop economy while lot."
  },
  "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": 565118
  },
  "legal_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Include arm real.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Deed Restriction",
      "description": "A strategy peace everything minute market rate.",
      "impact_on_property": "significant",
      "cleared_status": false
    },
    {
      "type": "Easement",
      "description": "Read just fall treat.",
      "impact_on_property": "minor",
      "cleared_status": false
    }
  ]
}