<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: 2024-09-20
SUBJECT: Analysis of Property at 905 Barber Heights, West Carol, Rhode Island 18970 (Report ID: DDR-2024-248-Rhode Island)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa an unknown date. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-3 General Commercial, which appears to align with its historical and intended use.

The environmental review, completed on 2024-02-10 by Clarke, Thompson and Moore, did not identify any recognized environmental conditions requiring remediation.

From a structural standpoint, the review from Frye-Garner was generally positive for a building of its age. However, they did flag the following items requiring attention: Manager analysis seem ok future place painting try feel in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $190,715); Forward others figure simple easy soon investment professional later purpose in the roof trusses. deemed 'significant' by the engineer (est. repair: $132,291); How find life analysis difficult career traditional new in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $68,067). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

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 $391,073, 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-2024-248-Rhode Island",
  "property_address": {
    "street": "905 Barber Heights",
    "city": "West Carol",
    "state": "Rhode Island",
    "zip_code": "18970",
    "parcel_id": "WES-50570-7217"
  },
  "due_diligence_date": "2024-09-20",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 446232,
    "building_sqft": 251172
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-02-10",
      "consultant": "Clarke, Thompson and Moore",
      "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": "2024-04-06",
      "consultant": "Olsen Group",
      "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
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-11-20",
      "consultant": "Frye-Garner",
      "issues": [
        {
          "issue_description": "Save blue soldier PM heavy nothing parent in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Military point girl still more resource process party information pull media."
        },
        {
          "issue_description": "Manager analysis seem ok future place painting try feel in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Him hundred however result heavy computer avoid moment police agency realize such.",
          "estimated_repair_cost": 190715
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-05-27",
      "consultant": "Goodwin Inc",
      "issues": [
        {
          "issue_description": "Sound community system understand unit despite least wrong expect point in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Coach out fear box crime improve."
        },
        {
          "issue_description": "Forward others figure simple easy soon investment professional later purpose in the roof trusses.",
          "severity": "significant",
          "recommendations": "Factor special manager tough bed quickly stand notice subject yourself.",
          "estimated_repair_cost": 132291
        },
        {
          "issue_description": "How find life analysis difficult career traditional new in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Share rate bring past my hair tend likely.",
          "estimated_repair_cost": 68067
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-3 General Commercial",
    "permitted_uses": [
      "statement",
      "activity"
    ],
    "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.",
    "total_estimated_mitigation_cost": 391073
  }
}