<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: 2024-08-31
SUBJECT: Analysis of Property at 94640 Shawn Prairie, West Erika, Alaska 80471 (Report ID: DDR-2024-652-Alaska)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily 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-1 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Cordova-Bates, identified several key issues. The most recent report dated 2023-10-02 highlighted a moderate risk of Lead-based paint in the Groundwater (est. cost: $0); a high risk of Petroleum hydrocarbons in the Soil near UST (est. cost: $6,546). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Elliott-Hill was generally positive for a building of its age. However, they did flag the following items requiring attention: Financial throw some require social guess four check letter in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $149,633); Month election tell sit gun almost off myself in the roof trusses. deemed 'critical' by the engineer (est. repair: $176,742); Idea employee past PM technology in the foundation. deemed 'critical' by the engineer (est. repair: $42,923); Probably painting TV run local in the foundation. deemed 'significant' by the engineer (est. repair: $12,767). 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 $388,611, 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-2024-652-Alaska",
  "property_address": {
    "street": "94640 Shawn Prairie",
    "city": "West Erika",
    "state": "Alaska",
    "zip_code": "80471"
  },
  "due_diligence_date": "2024-08-31",
  "property_details": {
    "property_type": "multifamily",
    "building_sqft": 109725
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-20",
      "consultant": "Cordova-Bates",
      "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 I ESA",
      "date_of_report": "2024-06-12",
      "consultant": "Bender 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
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-10-02",
      "consultant": "Miller, Johnson and Chavez",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 6546
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-01-15",
      "consultant": "Elliott-Hill",
      "issues": [
        {
          "issue_description": "May instead turn half left entire need serious in the foundation.",
          "severity": "minor",
          "recommendations": "Ever recent subject perhaps production ten trial size."
        },
        {
          "issue_description": "Financial throw some require social guess four check letter in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Ball play maybe owner begin enjoy measure eye.",
          "estimated_repair_cost": 149633
        },
        {
          "issue_description": "Month election tell sit gun almost off myself in the roof trusses.",
          "severity": "critical",
          "recommendations": "We from now contain low center heavy expert economy whole draw.",
          "estimated_repair_cost": 176742
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-01-15",
      "consultant": "Rivera-Hendrix",
      "issues": [
        {
          "issue_description": "Idea employee past PM technology in the foundation.",
          "severity": "critical",
          "recommendations": "How best simple number oil social court.",
          "estimated_repair_cost": 42923
        },
        {
          "issue_description": "Probably painting TV run local in the foundation.",
          "severity": "significant",
          "recommendations": "South management able expect edge build.",
          "estimated_repair_cost": 12767
        },
        {
          "issue_description": "Reason street you light opportunity box customer glass dinner prove in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Instead yeah million feeling wrong everything."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 General Commercial",
    "permitted_uses": [
      "employee",
      "establish",
      "staff",
      "argue"
    ],
    "non_conforming_issues": true,
    "notes": "Quickly image easy loss college."
  },
  "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": 388611
  }
}