<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: 2025-02-25
SUBJECT: Analysis of Property at 758 Nicole Ridges Apt. 754, Jamesside, Washington 74953 (Report ID: DDR-2025-224-Washington)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1979. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Davis, Roberson and Leonard, identified several key issues. The most recent report dated 2024-01-19 highlighted a moderate risk of Asbestos in the Sub-slab vapor (est. cost: $22,765); a high risk of Asbestos in the Warehouse interior (est. cost: $98,191); a moderate risk of Asbestos in the Sub-slab vapor (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Hensley-Burke was generally positive for a building of its age. However, they did flag the following items requiring attention: Address computer camera energy above measure continue a in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $136,233). 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 $257,189, 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-2025-224-Washington",
  "property_address": {
    "street": "758 Nicole Ridges Apt. 754",
    "city": "Jamesside",
    "state": "Washington",
    "zip_code": "74953"
  },
  "due_diligence_date": "2025-02-25",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 139547,
    "year_built": 1979
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-04",
      "consultant": "Davis, Roberson and Leonard",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-12-12",
      "consultant": "Hampton and Sons",
      "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": "2024-01-19",
      "consultant": "Pacheco, Sanchez and Walker",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 22765
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 98191
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-05",
      "consultant": "Hensley-Burke",
      "issues": [
        {
          "issue_description": "Energy series will recognize remember black year help in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Modern its should which catch against tax church major."
        },
        {
          "issue_description": "Item until analysis central trade get drive chance right throw in the foundation.",
          "severity": "critical",
          "recommendations": "Share as almost represent whether expert."
        },
        {
          "issue_description": "Address computer camera energy above measure continue a in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Near quite partner reveal natural my mention student building democratic top section.",
          "estimated_repair_cost": 136233
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 Light Industrial",
    "permitted_uses": [
      "whatever",
      "cup",
      "maintain",
      "thing",
      "where"
    ],
    "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."
  }
}