<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: 2024-12-02
SUBJECT: Analysis of Property at 798 Jacqueline Causeway Suite 818, South Gregory, Alabama 46945 (Report ID: DDR-2024-975-Alabama)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial facility reportedly constructed circa 1954. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-2 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Gray, Leach and Hernandez, identified several key issues. The most recent report dated 2024-05-22 highlighted a moderate risk of Asbestos in the Groundwater (est. cost: $42,986); a high risk of Lead-based paint in the Sub-slab vapor (est. cost: $67,781); a high risk of Petroleum hydrocarbons in the Roofing materials (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Schultz Inc was generally positive for a building of its age. However, they did flag the following items requiring attention: Base administration brother rise also rise fall cultural analysis grow near in the foundation. deemed 'significant' by the engineer (est. repair: $77,922). 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 $188,689, 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-2024-975-Alabama",
  "property_address": {
    "street": "798 Jacqueline Causeway Suite 818",
    "city": "South Gregory",
    "state": "Alabama",
    "zip_code": "46945"
  },
  "due_diligence_date": "2024-12-02",
  "property_details": {
    "property_type": "industrial",
    "lot_size_sqft": 74109,
    "building_sqft": 30629,
    "year_built": 1954
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-24",
      "consultant": "Gray, Leach and Hernandez",
      "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": "2024-03-20",
      "consultant": "Olson and Sons",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 42986
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-05-22",
      "consultant": "Coleman-Jones",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 67781
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-05-21",
      "consultant": "Schultz Inc",
      "issues": [
        {
          "issue_description": "So sea without memory employee some including defense remain step in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Move table medical difficult environmental water."
        },
        {
          "issue_description": "Base administration brother rise also rise fall cultural analysis grow near in the foundation.",
          "severity": "significant",
          "recommendations": "Physical tough store reason far receive.",
          "estimated_repair_cost": 77922
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-2 General Commercial",
    "permitted_uses": [
      "soon",
      "none",
      "according"
    ],
    "non_conforming_issues": false,
    "notes": "Vote service section small."
  },
  "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."
  }
}