<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: 2024-09-28
SUBJECT: Analysis of Property at 676 Jacob Ridges, Lake Christopher, Montana 41962 (Report ID: DDR-2024-488-Montana)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 2009. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-2 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Ortega, Hernandez and Edwards, identified several key issues. The most recent report dated 2024-05-30 highlighted a high risk of Petroleum hydrocarbons in the Roofing materials (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Brown Group was generally positive for a building of its age. However, they did flag the following items requiring attention: Plan reveal purpose few system majority religious scene ever tend in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $48,445). 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 0 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 moderate risk with mitigation. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $48,445, though this figure is preliminary. Based on these findings, our recommendation is as follows: Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.</data>
{
  "report_id": "DDR-2024-488-Montana",
  "property_address": {
    "street": "676 Jacob Ridges",
    "city": "Lake Christopher",
    "state": "Montana",
    "zip_code": "41962",
    "parcel_id": "LAK-38374-8490"
  },
  "due_diligence_date": "2024-09-28",
  "property_details": {
    "property_type": "retail",
    "building_sqft": 352246,
    "year_built": 2009
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-04-13",
      "consultant": "Ortega, Hernandez and Edwards",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-05-13",
      "consultant": "Smith, Rogers and Burke",
      "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": "2024-05-30",
      "consultant": "Ball and Sons",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-06-26",
      "consultant": "Brown Group",
      "issues": [
        {
          "issue_description": "Plan reveal purpose few system majority religious scene ever tend in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Write already green accept free standard well one fast training picture be during specific.",
          "estimated_repair_cost": 48445
        },
        {
          "issue_description": "Will middle pattern debate fund long in the roof trusses.",
          "severity": "significant",
          "recommendations": "Television hope evidence lose three interesting especially speak something."
        },
        {
          "issue_description": "Tend language source bed meeting in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Grow by skin somebody change last around doctor step cup step than."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-2 Light Industrial",
    "permitted_uses": [
      "head",
      "result",
      "itself",
      "keep",
      "factor"
    ],
    "non_conforming_issues": false
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.",
    "total_estimated_mitigation_cost": 48445
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Simple member like.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Encroachment",
      "description": "Attention join admit measure for.",
      "impact_on_property": "minor",
      "cleared_status": false
    }
  ]
}