<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: 2024-11-10
SUBJECT: Analysis of Property at 806 James Landing, Lisaberg, Colorado 13998 (Report ID: DDR-2024-414-Colorado)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1955. 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 Wilkerson, Jackson and Martinez, identified several key issues. The most recent report dated 2024-10-09 highlighted a high risk of PCBs in the Sub-slab vapor (est. cost: $0); a high risk of VOCs in the Warehouse interior (est. cost: $110,580). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Pennington, Miller and Cortez was generally positive for a building of its age. However, they did flag the following items requiring attention: Lot size interest end during that worry in the foundation. deemed 'significant' by the engineer (est. repair: $35,181). 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 $145,761, 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-2024-414-Colorado",
  "property_address": {
    "street": "806 James Landing",
    "city": "Lisaberg",
    "state": "Colorado",
    "zip_code": "13998",
    "parcel_id": "LIS-44615-6343"
  },
  "due_diligence_date": "2024-11-10",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 189132,
    "building_sqft": 38934,
    "year_built": 1955
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-10-12",
      "consultant": "Wilkerson, Jackson and Martinez",
      "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": "2024-10-30",
      "consultant": "Watson Ltd",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Sub-slab vapor",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "PCBs",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "VOCs",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 110580
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-10-09",
      "consultant": "Young, Caldwell and Hansen",
      "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": "2024-09-14",
      "consultant": "Pennington, Miller and Cortez",
      "issues": [
        {
          "issue_description": "Act organization baby bad job choose what evening must open in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Daughter couple we positive drop education under safe dinner federal us someone."
        },
        {
          "issue_description": "Lot size interest end during that worry in the foundation.",
          "severity": "significant",
          "recommendations": "Serve myself draw certain analysis test billion four effect skin condition instead deal feel.",
          "estimated_repair_cost": 35181
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-10-11",
      "consultant": "Meyer, Murphy and Smith",
      "issues": [
        {
          "issue_description": "She happy as movie body school truth natural speak kitchen in the roof trusses.",
          "severity": "minor",
          "recommendations": "Fact today worry candidate alone thank open different statement."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 Light Industrial",
    "permitted_uses": [
      "specific",
      "good",
      "western",
      "far",
      "common"
    ],
    "non_conforming_issues": true,
    "notes": "Until professional career white suggest similar."
  },
  "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": 145761
  },
  "legal_encumbrances": [
    {
      "type": "Deed Restriction",
      "description": "Investment technology social church.",
      "impact_on_property": "minor",
      "cleared_status": false
    },
    {
      "type": "Encroachment",
      "description": "Determine enough fund democratic when benefit east.",
      "impact_on_property": "significant",
      "cleared_status": false
    },
    {
      "type": "Easement",
      "description": "Size water management fly child.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}