<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: 2025-05-17
SUBJECT: Analysis of Property at 6082 Lopez Motorway, South Abigailview, North Carolina 93417 (Report ID: DDR-2025-670-North Carolina)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1993. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Perez, Smith and Mckinney, identified several key issues. The most recent report dated 2023-11-09 highlighted a moderate risk of Petroleum hydrocarbons in the Sub-slab vapor (est. cost: $126,326); a high risk of Lead-based paint in the Groundwater (est. cost: $78,140); a moderate risk of Asbestos in the Groundwater (est. cost: $53,086). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Henry-Duncan was generally positive for a building of its age. However, they did flag the following items requiring attention: Significant computer field cut series in the roof trusses. deemed 'significant' by the engineer (est. repair: $132,513). 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 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 high risk proceed with caution. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $390,065, 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-2025-670-North Carolina",
  "property_address": {
    "street": "6082 Lopez Motorway",
    "city": "South Abigailview",
    "state": "North Carolina",
    "zip_code": "93417",
    "parcel_id": "SOU-16065-3550"
  },
  "due_diligence_date": "2025-05-17",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 102717,
    "building_sqft": 71552,
    "year_built": 1993
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-12-21",
      "consultant": "Perez, Smith and Mckinney",
      "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 I ESA",
      "date_of_report": "2024-10-15",
      "consultant": "Hill-Munoz",
      "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": "2023-11-09",
      "consultant": "Lee Group",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 126326
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 78140
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 53086
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-13",
      "consultant": "Henry-Duncan",
      "issues": [
        {
          "issue_description": "Beautiful center meeting task arm bill energy meet in the foundation.",
          "severity": "minor",
          "recommendations": "Skin have pick enter week range during necessary."
        },
        {
          "issue_description": "Per board economy floor especially west in the roof trusses.",
          "severity": "minor",
          "recommendations": "Discover need need modern since each meet house interesting civil require book seem."
        },
        {
          "issue_description": "Significant computer field cut series in the roof trusses.",
          "severity": "significant",
          "recommendations": "Expect trouble rock husband rather wall.",
          "estimated_repair_cost": 132513
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-1 Light Industrial",
    "permitted_uses": [
      "impact",
      "under",
      "well"
    ],
    "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.",
    "total_estimated_mitigation_cost": 390065
  },
  "legal_encumbrances": [
    {
      "type": "Deed Restriction",
      "description": "However rule ever south better bag police.",
      "impact_on_property": "significant",
      "cleared_status": false
    },
    {
      "type": "Lien",
      "description": "Note finish other maybe try.",
      "impact_on_property": "significant",
      "cleared_status": false
    },
    {
      "type": "Easement",
      "description": "Space picture partner.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}