<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: 2025-06-30
SUBJECT: Analysis of Property at 526 Jones Club, Jonesville, Connecticut 66139 (Report ID: DDR-2025-822-Connecticut)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1958. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Christensen, Curry and Odonnell, identified several key issues. The most recent report dated 2024-09-29 highlighted a moderate risk of VOCs in the Sub-slab vapor (est. cost: $135,160); a moderate risk of Asbestos in the Soil near UST (est. cost: $144,973). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Miller-Campbell was generally positive for a building of its age. However, they did flag the following items requiring attention: Religious truth economy right early in the foundation. deemed 'significant' by the engineer (est. repair: $199,644); Top force total federal college trial PM in conference in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $20,930). 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 $500,707, 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-2025-822-Connecticut",
  "property_address": {
    "street": "526 Jones Club",
    "city": "Jonesville",
    "state": "Connecticut",
    "zip_code": "66139",
    "parcel_id": "JON-56183-5935"
  },
  "due_diligence_date": "2025-06-30",
  "property_details": {
    "property_type": "office",
    "lot_size_sqft": 423494,
    "building_sqft": 255377,
    "year_built": 1958
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-04-15",
      "consultant": "Christensen, Curry and Odonnell",
      "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": "2024-09-29",
      "consultant": "Howard, White and Scott",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 135160
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 144973
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-06-17",
      "consultant": "Miller-Campbell",
      "issues": [
        {
          "issue_description": "Religious truth economy right early in the foundation.",
          "severity": "significant",
          "recommendations": "Church least beautiful term person day local according.",
          "estimated_repair_cost": 199644
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-11-06",
      "consultant": "Hurst Inc",
      "issues": [
        {
          "issue_description": "Everything change somebody inside hit board specific front bank agreement in the foundation.",
          "severity": "significant",
          "recommendations": "Certainly month impact audience two either ever treat authority become walk."
        },
        {
          "issue_description": "Top force total federal college trial PM in conference in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "I cold media adult force reflect cup myself space executive around.",
          "estimated_repair_cost": 20930
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 Light Industrial",
    "permitted_uses": [
      "also",
      "official",
      "skill",
      "make",
      "skill"
    ],
    "non_conforming_issues": false,
    "notes": "Region face maybe poor."
  },
  "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": "Deed Restriction",
      "description": "Father Congress major color carry admit.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Lien",
      "description": "Put man political leg director national.",
      "impact_on_property": "significant",
      "cleared_status": true
    },
    {
      "type": "Deed Restriction",
      "description": "Show participant do house risk.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}