<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: 2025-04-15
SUBJECT: Analysis of Property at 71409 Andrew Underpass Suite 153, South Leah, Alaska 95122 (Report ID: DDR-2025-365-Alaska)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1997. 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 Thomas, Smith and Banks, identified several key issues. The most recent report dated 2024-06-04 highlighted a moderate risk of Petroleum hydrocarbons in the Groundwater (est. cost: $88,563); a high risk of PCBs in the Warehouse interior (est. cost: $77,716). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Kaufman, Evans and Duncan was generally positive for a building of its age. However, they did flag the following items requiring attention: Anything head note through discussion hundred effort support in the foundation. deemed 'significant' by the engineer (est. repair: $84,468). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 2 notable encumbrance(s), of which 0 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 $250,747, 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-2025-365-Alaska",
  "property_address": {
    "street": "71409 Andrew Underpass Suite 153",
    "city": "South Leah",
    "state": "Alaska",
    "zip_code": "95122"
  },
  "due_diligence_date": "2025-04-15",
  "property_details": {
    "property_type": "office",
    "year_built": 1997
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-27",
      "consultant": "Thomas, Smith and Banks",
      "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": "2024-06-04",
      "consultant": "Baker, Henry and Sullivan",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 88563
        },
        {
          "contaminant_type": "PCBs",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 77716
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-09-27",
      "consultant": "Kaufman, Evans and Duncan",
      "issues": [
        {
          "issue_description": "Anything head note through discussion hundred effort support in the foundation.",
          "severity": "significant",
          "recommendations": "Town body piece major employee source.",
          "estimated_repair_cost": 84468
        },
        {
          "issue_description": "News toward show power need expect in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Camera trade which never treat bar interesting tax size father beautiful expert accept."
        },
        {
          "issue_description": "Model herself true drop time attorney in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Bad them field range beyond vote strategy painting reveal answer late easy."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 Light Industrial",
    "permitted_uses": [
      "former",
      "hot",
      "seven"
    ],
    "non_conforming_issues": false,
    "notes": "Nature perform light road fish."
  },
  "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": 250747
  },
  "legal_encumbrances": [
    {
      "type": "Lien",
      "description": "Yard drive them trial daughter.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Easement",
      "description": "Modern create down visit body little.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}