<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: 2024-10-18
SUBJECT: Analysis of Property at 0023 Mejia Canyon, Olsonmouth, Arizona 95852 (Report ID: DDR-2024-439-Arizona)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a mixed-use facility reportedly constructed circa 1956. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-2 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Thompson, Strickland and Hoffman, identified several key issues. The most recent report dated 2023-09-23 highlighted a moderate risk of Lead-based paint in the Warehouse interior (est. cost: $107,350); a high risk of Asbestos in the Warehouse interior (est. cost: $63,340). This follows an initial Phase I that suggested the need for further subsurface investigation.

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 $170,690, 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-2024-439-Arizona",
  "property_address": {
    "street": "0023 Mejia Canyon",
    "city": "Olsonmouth",
    "state": "Arizona",
    "zip_code": "95852",
    "parcel_id": "OLS-47264-2503"
  },
  "due_diligence_date": "2024-10-18",
  "property_details": {
    "property_type": "mixed-use",
    "lot_size_sqft": 353232,
    "building_sqft": 248334,
    "year_built": 1956
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-15",
      "consultant": "Thompson, Strickland and Hoffman",
      "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": "Welch Inc",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 107350
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 63340
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-05-13",
      "consultant": "Jones Ltd",
      "issues": [
        {
          "issue_description": "Field common huge choose stuff in the foundation.",
          "severity": "minor",
          "recommendations": "Sing box single practice husband imagine dream."
        },
        {
          "issue_description": "On mother quickly up nature bring key word such organization in the foundation.",
          "severity": "significant",
          "recommendations": "Wall several color meet final daughter program life."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-2 General Commercial",
    "permitted_uses": [
      "imagine",
      "region"
    ],
    "non_conforming_issues": false,
    "notes": "Need style lot power whom."
  },
  "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": 170690
  }
}