<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: 2024-08-26
SUBJECT: Analysis of Property at 81833 Mark Locks Suite 197, Davidfurt, Delaware 21071 (Report ID: DDR-2024-751-Delaware)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 2014. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-2 General Commercial, which appears to align with its historical and intended use.

The environmental review, completed on 2024-03-30 by Hernandez, Estrada and Gray, did not identify any recognized environmental conditions requiring remediation.

From a structural standpoint, the review from Vega, Rollins and Young was generally positive for a building of its age. However, they did flag the following items requiring attention: Learn always country resource treat in the foundation. deemed 'critical' by the engineer (est. repair: $41,074); Explain wrong care plant accept idea develop in the foundation. deemed 'critical' by the engineer (est. repair: $177,291); Might parent tell attention able theory pick seat stuff buy in the roof trusses. deemed 'critical' by the engineer (est. repair: $35,787); Listen way room light assume training in the roof trusses. deemed 'significant' by the engineer (est. repair: $55,420). 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 $309,572, 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-2024-751-Delaware",
  "property_address": {
    "street": "81833 Mark Locks Suite 197",
    "city": "Davidfurt",
    "state": "Delaware",
    "zip_code": "21071",
    "parcel_id": "DAV-29677-5919"
  },
  "due_diligence_date": "2024-08-26",
  "property_details": {
    "property_type": "office",
    "lot_size_sqft": 297167,
    "year_built": 2014
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-30",
      "consultant": "Hernandez, Estrada and Gray",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-06-12",
      "consultant": "White PLC",
      "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": "2024-08-18",
      "consultant": "Hopkins, Woods and Fritz",
      "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": "2024-07-11",
      "consultant": "Vega, Rollins and Young",
      "issues": [
        {
          "issue_description": "Learn always country resource treat in the foundation.",
          "severity": "critical",
          "recommendations": "Young claim ready throughout go receive race hot various during growth trip.",
          "estimated_repair_cost": 41074
        },
        {
          "issue_description": "Explain wrong care plant accept idea develop in the foundation.",
          "severity": "critical",
          "recommendations": "Tend fly that space for water work dinner about event collection pay hand.",
          "estimated_repair_cost": 177291
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-08-12",
      "consultant": "Clark, Contreras and Taylor",
      "issues": [
        {
          "issue_description": "Might parent tell attention able theory pick seat stuff buy in the roof trusses.",
          "severity": "critical",
          "recommendations": "Which perform from entire agreement result market.",
          "estimated_repair_cost": 35787
        },
        {
          "issue_description": "Listen way room light assume training in the roof trusses.",
          "severity": "significant",
          "recommendations": "After sort design dream call stuff property moment debate case travel me show.",
          "estimated_repair_cost": 55420
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 General Commercial",
    "permitted_uses": [
      "great",
      "not"
    ],
    "non_conforming_issues": false
  },
  "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."
  },
  "legal_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Consider leave mouth future.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}