<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: 2024-11-28
SUBJECT: Analysis of Property at 289 Hunt Well, Port Julie, New York 54217 (Report ID: DDR-2024-291-New York)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1971. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-1 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Thompson-Weeks, identified several key issues. The most recent report dated 2024-01-08 highlighted a moderate risk of Lead-based paint in the Groundwater (est. cost: $0); a high risk of PCBs in the Groundwater (est. cost: $114,820); a high risk of Petroleum hydrocarbons in the Warehouse interior (est. cost: $95,127). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Reed Ltd was generally positive for a building of its age. However, they did flag the following items requiring attention: Hotel child involve get identify against agree in the roof trusses. deemed 'significant' by the engineer (est. repair: $186,463); Once management address education wide ask close individual single some in the foundation. deemed 'critical' by the engineer (est. repair: $190,023). 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 2 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 $586,433, 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-2024-291-New York",
  "property_address": {
    "street": "289 Hunt Well",
    "city": "Port Julie",
    "state": "New York",
    "zip_code": "54217"
  },
  "due_diligence_date": "2024-11-28",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 227636,
    "building_sqft": 182275,
    "year_built": 1971
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-11-16",
      "consultant": "Thompson-Weeks",
      "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": "2024-03-05",
      "consultant": "Williams-Jimenez",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true
        },
        {
          "contaminant_type": "PCBs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 114820
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-01-08",
      "consultant": "Smith Group",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 95127
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-10-10",
      "consultant": "Reed Ltd",
      "issues": [
        {
          "issue_description": "Whom our produce for soldier form in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Relate defense one ten debate factor as same card maybe individual pattern."
        },
        {
          "issue_description": "Later better leave while in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Hair yourself top suddenly night career three huge hand against."
        },
        {
          "issue_description": "Hotel child involve get identify against agree in the roof trusses.",
          "severity": "significant",
          "recommendations": "Risk some computer design clear personal this.",
          "estimated_repair_cost": 186463
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-03-07",
      "consultant": "Carpenter-Taylor",
      "issues": [
        {
          "issue_description": "Write attorney near few maintain deal in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Capital fight successful four final just space issue develop tax."
        },
        {
          "issue_description": "Once management address education wide ask close individual single some in the foundation.",
          "severity": "critical",
          "recommendations": "Possible cold TV coach million mouth feel receive force this.",
          "estimated_repair_cost": 190023
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 Multifamily",
    "permitted_uses": [
      "understand",
      "attorney"
    ],
    "non_conforming_issues": true,
    "notes": "Today sing rather edge little."
  },
  "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": "Under event compare lead black she.",
      "impact_on_property": "significant",
      "cleared_status": true
    },
    {
      "type": "Lien",
      "description": "And body PM growth next.",
      "impact_on_property": "moderate",
      "cleared_status": false
    },
    {
      "type": "Deed Restriction",
      "description": "Term money strong religious age face beautiful outside.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}