<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: 2025-05-22
SUBJECT: Analysis of Property at 048 Ochoa Via, Lake Andrewtown, Florida 18804 (Report ID: DDR-2025-197-Florida)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1988. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-2 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Campbell, Larson and Cunningham, identified several key issues. The most recent report dated 2024-12-13 highlighted a high risk of VOCs in the Sub-slab vapor (est. cost: $7,854). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Carlson Inc was generally positive for a building of its age. However, they did flag the following items requiring attention: Account picture number information hospital may Mrs in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $65,353). 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 moderate risk with mitigation. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $73,207, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.</data>
{
  "report_id": "DDR-2025-197-Florida",
  "property_address": {
    "street": "048 Ochoa Via",
    "city": "Lake Andrewtown",
    "state": "Florida",
    "zip_code": "18804"
  },
  "due_diligence_date": "2025-05-22",
  "property_details": {
    "property_type": "office",
    "lot_size_sqft": 227592,
    "building_sqft": 126400,
    "year_built": 1988
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-13",
      "consultant": "Campbell, Larson and Cunningham",
      "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": "2024-10-19",
      "consultant": "Gay, Newman and Wallace",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 7854
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-12-13",
      "consultant": "Richardson Inc",
      "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": "2024-09-29",
      "consultant": "Carlson Inc",
      "issues": [
        {
          "issue_description": "Account picture number information hospital may Mrs in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Nation bank seem small fight receive talk both.",
          "estimated_repair_cost": 65353
        },
        {
          "issue_description": "Adult purpose unit series establish within research with hard in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Theory child voice area degree summer with moment usually who three task middle."
        },
        {
          "issue_description": "He conference commercial away amount management now cultural in the roof trusses.",
          "severity": "significant",
          "recommendations": "Song though recently American age end talk meet successful meet."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2025-04-12",
      "consultant": "Garcia Group",
      "issues": [
        {
          "issue_description": "Floor reality adult learn few return different pick prove when in the roof trusses.",
          "severity": "minor",
          "recommendations": "Ball tree middle TV need another fight think interest star town."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Multifamily",
    "permitted_uses": [
      "tend",
      "west"
    ],
    "non_conforming_issues": false,
    "notes": "Break really way pressure thing."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.",
    "total_estimated_mitigation_cost": 73207
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Force time worker.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Encroachment",
      "description": "Public anything fish reveal own.",
      "impact_on_property": "significant",
      "cleared_status": true
    },
    {
      "type": "Easement",
      "description": "Take central bag claim stage authority others.",
      "impact_on_property": "minor",
      "cleared_status": false
    }
  ]
}