<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: 2025-05-30
SUBJECT: Analysis of Property at 19044 Mueller Viaduct Suite 209, Owensview, New Mexico 10219 (Report ID: DDR-2025-854-New Mexico)

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 R-2 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Sawyer, Castaneda and Jones, identified several key issues. The most recent report dated 2025-04-08 highlighted a high risk of VOCs in the Roofing materials (est. cost: $17,987); a moderate risk of Lead-based paint in the Sub-slab vapor (est. cost: $115,008). This follows an initial Phase I that suggested the need for further subsurface investigation.

The title search revealed 2 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 $132,995, 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-2025-854-New Mexico",
  "property_address": {
    "street": "19044 Mueller Viaduct Suite 209",
    "city": "Owensview",
    "state": "New Mexico",
    "zip_code": "10219",
    "parcel_id": "OWE-60150-6383"
  },
  "due_diligence_date": "2025-05-30",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 93863,
    "building_sqft": 43498
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-12-23",
      "consultant": "Sawyer, Castaneda and Jones",
      "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": "2024-06-05",
      "consultant": "Evans, Miller and Jones",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 17987
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2025-04-08",
      "consultant": "Logan-Howard",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 115008
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-01-05",
      "consultant": "Alvarado, Thompson and Cain",
      "issues": [
        {
          "issue_description": "Protect more couple before student series next player else job in the roof trusses.",
          "severity": "critical",
          "recommendations": "Head read community somebody name road amount."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Light Industrial",
    "permitted_uses": [
      "watch",
      "north",
      "worry"
    ],
    "non_conforming_issues": true,
    "notes": "Hear well boy low idea especially explain."
  },
  "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": 132995
  },
  "legal_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Today movie case for simple international.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Easement",
      "description": "Develop structure in safe skin program.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}