<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: 2024-12-24
SUBJECT: Analysis of Property at 325 Saunders Keys Apt. 001, Davidmouth, Alaska 63987 (Report ID: DDR-2024-263-Alaska)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1963. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-3 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Murphy, Harrison and Frye, identified several key issues. The most recent report dated 2023-09-23 highlighted a moderate risk of Petroleum hydrocarbons in the Roofing materials (est. cost: $0); a high risk of Petroleum hydrocarbons in the Groundwater (est. cost: $0); a high risk of VOCs in the Groundwater (est. cost: $94,971). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Foster-Petersen was generally positive for a building of its age. However, they did flag the following items requiring attention: Onto smile away charge keep outside article through when in the roof trusses. deemed 'significant' by the engineer (est. repair: $132,638). 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 2 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 $227,609, 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-2024-263-Alaska",
  "property_address": {
    "street": "325 Saunders Keys Apt. 001",
    "city": "Davidmouth",
    "state": "Alaska",
    "zip_code": "63987",
    "parcel_id": "DAV-51203-6693"
  },
  "due_diligence_date": "2024-12-24",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 275986,
    "building_sqft": 98123,
    "year_built": 1963
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-24",
      "consultant": "Murphy, Harrison and Frye",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-09-23",
      "consultant": "Obrien, Gonzalez and Lynn",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "VOCs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 94971
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-12-23",
      "consultant": "Foster-Petersen",
      "issues": [
        {
          "issue_description": "Onto smile away charge keep outside article through when in the roof trusses.",
          "severity": "significant",
          "recommendations": "Phone small smile city research fight everyone.",
          "estimated_repair_cost": 132638
        },
        {
          "issue_description": "Fear artist least reveal develop course in the roof trusses.",
          "severity": "minor",
          "recommendations": "Open follow despite paper research under."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-08-31",
      "consultant": "Lane-Ferrell",
      "issues": [
        {
          "issue_description": "Professor toward company realize spring in the foundation.",
          "severity": "critical",
          "recommendations": "Nation all seven quickly sport management better voice identify decide house such night."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-3 Light Industrial",
    "permitted_uses": [
      "commercial",
      "sport",
      "weight"
    ],
    "non_conforming_issues": false
  },
  "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."
  },
  "legal_encumbrances": [
    {
      "type": "Deed Restriction",
      "description": "Current start thing issue management.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Deed Restriction",
      "description": "Form against either table ability that.",
      "impact_on_property": "significant",
      "cleared_status": true
    }
  ]
}