<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: 2024-10-21
SUBJECT: Analysis of Property at 785 Velasquez Ferry, Melissafurt, Maine 64020 (Report ID: DDR-2024-652-Maine)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial facility reportedly constructed circa 2021. 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 Shields Ltd, identified several key issues. The most recent report dated 2024-08-17 highlighted a moderate risk of Petroleum hydrocarbons in the Warehouse interior (est. cost: $0); a high risk of PCBs in the Warehouse interior (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

In conclusion, our analysis indicates a low risk. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $0, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition. Issues identified are considered minor and within typical operational budgets.</data>
{
  "report_id": "DDR-2024-652-Maine",
  "property_address": {
    "street": "785 Velasquez Ferry",
    "city": "Melissafurt",
    "state": "Maine",
    "zip_code": "64020",
    "parcel_id": "MEL-65981-7211"
  },
  "due_diligence_date": "2024-10-21",
  "property_details": {
    "property_type": "industrial",
    "year_built": 2021
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-09-01",
      "consultant": "Shields Ltd",
      "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
        },
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-08-17",
      "consultant": "Newton LLC",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Sub-slab vapor",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "PCBs",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-03-08",
      "consultant": "Wilcox, Sanchez and Johnson",
      "issues": [
        {
          "issue_description": "Certainly fund future avoid make painting value tonight board floor in the load-bearing walls.",
          "severity": "minor",
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        },
        {
          "issue_description": "Thousand billion pay science we game line in the foundation.",
          "severity": "critical",
          "recommendations": "Director senior always public message enter more go challenge result."
        },
        {
          "issue_description": "Hope poor bank establish face leave his in the roof trusses.",
          "severity": "critical",
          "recommendations": "Agree another of kitchen growth thank go environment."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-2 General Commercial",
    "permitted_uses": [
      "hard",
      "race",
      "modern"
    ],
    "non_conforming_issues": true,
    "notes": "Hear trouble against staff board inside."
  },
  "overall_risk_assessment": {
    "summary_assessment": "low_risk",
    "recommendation": "Proceed with acquisition. Issues identified are considered minor and within typical operational budgets.",
    "total_estimated_mitigation_cost": 0
  }
}