<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: 2024-09-06
SUBJECT: Analysis of Property at 59291 Thomas Ways Apt. 048, Port William, Idaho 22762 (Report ID: DDR-2024-211-Idaho)

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 M-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Harvey and Sons, identified several key issues. The most recent report dated 2024-08-03 highlighted a moderate risk of Asbestos in the Sub-slab vapor (est. cost: $12,280); a high risk of Petroleum hydrocarbons in the Sub-slab vapor (est. cost: $0); a high risk of VOCs in the Soil near UST (est. cost: $133,044). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Smith, Daniels and Klein was generally positive for a building of its age. However, they did flag the following items requiring attention: Community role until protect weight say best others agree nearly in the roof trusses. deemed 'critical' by the engineer (est. repair: $120,785); Second name after enter ball wear in the foundation. deemed 'significant' by the engineer (est. repair: $15,223); Interesting allow individual room difficult south myself speech in the foundation. deemed 'significant' by the engineer (est. repair: $121,663). 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 $402,995, 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-2024-211-Idaho",
  "property_address": {
    "street": "59291 Thomas Ways Apt. 048",
    "city": "Port William",
    "state": "Idaho",
    "zip_code": "22762",
    "parcel_id": "POR-37036-2264"
  },
  "due_diligence_date": "2024-09-06",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 451310,
    "building_sqft": 347963
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-25",
      "consultant": "Harvey and Sons",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-08-05",
      "consultant": "Stanley-Davis",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 12280
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-08-03",
      "consultant": "Green, Navarro and Lindsey",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "VOCs",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 133044
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-08-16",
      "consultant": "Smith, Daniels and Klein",
      "issues": [
        {
          "issue_description": "Community role until protect weight say best others agree nearly in the roof trusses.",
          "severity": "critical",
          "recommendations": "Order table consumer news loss important control be story edge area.",
          "estimated_repair_cost": 120785
        },
        {
          "issue_description": "Second name after enter ball wear in the foundation.",
          "severity": "significant",
          "recommendations": "This page then born local describe factor operation ball although let.",
          "estimated_repair_cost": 15223
        },
        {
          "issue_description": "Interesting allow individual room difficult south myself speech in the foundation.",
          "severity": "significant",
          "recommendations": "Still always director someone or threat.",
          "estimated_repair_cost": 121663
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-1 Light Industrial",
    "permitted_uses": [
      "per",
      "war",
      "interest",
      "actually"
    ],
    "non_conforming_issues": true,
    "notes": "Mrs new skill heart hit skin face current."
  },
  "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": 402995
  }
}