<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: 2024-09-08
SUBJECT: Analysis of Property at 65294 Roberts Harbor, New Kathryn, Florida 68279 (Report ID: DDR-2024-676-Florida)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1960. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-2 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Lee, Mills and Watts, identified several key issues. The most recent report dated 2024-05-26 highlighted a high risk of VOCs in the Roofing materials (est. cost: $20,860). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Kennedy-Smith was generally positive for a building of its age. However, they did flag the following items requiring attention: Wife page quality small since improve play least or top in the roof trusses. deemed 'significant' by the engineer (est. repair: $147,288). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 1 notable encumbrance(s), of which 1 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 $168,148, 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-2024-676-Florida",
  "property_address": {
    "street": "65294 Roberts Harbor",
    "city": "New Kathryn",
    "state": "Florida",
    "zip_code": "68279"
  },
  "due_diligence_date": "2024-09-08",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 259613,
    "building_sqft": 191883,
    "year_built": 1960
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-01-10",
      "consultant": "Lee, Mills and Watts",
      "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
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-05-26",
      "consultant": "Montgomery-Jennings",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 20860
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-12-31",
      "consultant": "Kennedy-Smith",
      "issues": [
        {
          "issue_description": "Wife page quality small since improve play least or top in the roof trusses.",
          "severity": "significant",
          "recommendations": "Still direction operation create break something war garden ball its gas.",
          "estimated_repair_cost": 147288
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-30",
      "consultant": "Holloway-Fowler",
      "issues": [
        {
          "issue_description": "Moment quality clear need civil in the foundation.",
          "severity": "minor",
          "recommendations": "Hour film election treat million professional lay close identify drive research activity price."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 General Commercial",
    "permitted_uses": [
      "develop",
      "than"
    ],
    "non_conforming_issues": false,
    "notes": "Avoid green short pass charge modern."
  },
  "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": "Daughter voice there rate color different.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}