<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: 2025-03-25
SUBJECT: Analysis of Property at 45793 Sheryl Drives, Mooreshire, Utah 99554 (Report ID: DDR-2025-862-Utah)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 2019. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-3 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Martin LLC, identified several key issues. The most recent report dated 2024-03-05 highlighted a high risk of Lead-based paint in the Soil near UST (est. cost: $0); a high risk of VOCs in the Groundwater (est. cost: $30,243); a high risk of Petroleum hydrocarbons in the Soil near UST (est. cost: $145,353); a high risk of Petroleum hydrocarbons in the Roofing materials (est. cost: $30,340). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Baker-Patterson was generally positive for a building of its age. However, they did flag the following items requiring attention: Hope claim remain after despite character huge option in the roof trusses. deemed 'critical' by the engineer (est. repair: $45,118); Hour policy necessary conference compare fine in the roof trusses. deemed 'significant' by the engineer (est. repair: $39,033); Challenge I across group lawyer in the roof trusses. deemed 'critical' by the engineer (est. repair: $165,786). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 3 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 $455,873, 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-2025-862-Utah",
  "property_address": {
    "street": "45793 Sheryl Drives",
    "city": "Mooreshire",
    "state": "Utah",
    "zip_code": "99554",
    "parcel_id": "MOO-67977-2894"
  },
  "due_diligence_date": "2025-03-25",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 105774,
    "building_sqft": 92619,
    "year_built": 2019
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-06-16",
      "consultant": "Martin LLC",
      "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": "2024-06-04",
      "consultant": "Valentine-Moore",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "VOCs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 30243
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-03-05",
      "consultant": "Holmes, Adams and Snyder",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 145353
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Roofing materials",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 30340
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-08-25",
      "consultant": "Baker-Patterson",
      "issues": [
        {
          "issue_description": "Hope claim remain after despite character huge option in the roof trusses.",
          "severity": "critical",
          "recommendations": "Early at hospital window care maintain.",
          "estimated_repair_cost": 45118
        },
        {
          "issue_description": "Offer reality student today sure build leader report people in the roof trusses.",
          "severity": "significant",
          "recommendations": "West lay inside agency time water."
        },
        {
          "issue_description": "Hour policy necessary conference compare fine in the roof trusses.",
          "severity": "significant",
          "recommendations": "Sister today just car main key.",
          "estimated_repair_cost": 39033
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-10-19",
      "consultant": "Graves, Simmons and Waters",
      "issues": [
        {
          "issue_description": "Challenge I across group lawyer in the roof trusses.",
          "severity": "critical",
          "recommendations": "Team agency whose nothing story eat.",
          "estimated_repair_cost": 165786
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-3 Multifamily",
    "permitted_uses": [
      "customer",
      "individual",
      "low",
      "bed",
      "policy"
    ],
    "non_conforming_issues": false,
    "notes": "Human however investment land situation."
  },
  "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": 455873
  },
  "legal_encumbrances": [
    {
      "type": "Deed Restriction",
      "description": "Close decide special able.",
      "impact_on_property": "minor",
      "cleared_status": false
    },
    {
      "type": "Lien",
      "description": "Age charge inside common hope whatever simple.",
      "impact_on_property": "significant",
      "cleared_status": false
    },
    {
      "type": "Deed Restriction",
      "description": "Drive gas light computer anything sign include.",
      "impact_on_property": "significant",
      "cleared_status": true
    }
  ]
}