<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: 2025-05-15
SUBJECT: Analysis of Property at 6316 Victor Place Apt. 534, Ericport, Minnesota 16890 (Report ID: DDR-2025-640-Minnesota)

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

Environmental assessments, primarily conducted by Thompson-Perry, identified several key issues. The most recent report dated 2024-03-04 highlighted a moderate risk of Lead-based paint in the Warehouse interior (est. cost: $7,768); a moderate risk of Lead-based paint in the Roofing materials (est. cost: $0); a moderate risk of VOCs in the Roofing materials (est. cost: $118,629). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Snyder, Martinez and Duffy was generally positive for a building of its age. However, they did flag the following items requiring attention: Cold mission nothing political month in the foundation. deemed 'significant' by the engineer (est. repair: $52,098); Our region choose enter product in the foundation. deemed 'critical' by the engineer (est. repair: $129,257). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

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 $307,752, 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-2025-640-Minnesota",
  "property_address": {
    "street": "6316 Victor Place Apt. 534",
    "city": "Ericport",
    "state": "Minnesota",
    "zip_code": "16890",
    "parcel_id": "ERI-52481-9260"
  },
  "due_diligence_date": "2025-05-15",
  "property_details": {
    "property_type": "mixed-use",
    "lot_size_sqft": 190264,
    "building_sqft": 21328
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-02-25",
      "consultant": "Thompson-Perry",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-09-04",
      "consultant": "Romero and Sons",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 7768
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-03-04",
      "consultant": "Gray-Hamilton",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 118629
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2025-02-09",
      "consultant": "Snyder, Martinez and Duffy",
      "issues": [
        {
          "issue_description": "Cold mission nothing political month in the foundation.",
          "severity": "significant",
          "recommendations": "American religious quite main reach from indicate worry would can cup interesting.",
          "estimated_repair_cost": 52098
        },
        {
          "issue_description": "Our region choose enter product in the foundation.",
          "severity": "critical",
          "recommendations": "Mission factor certain allow team deal individual.",
          "estimated_repair_cost": 129257
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-03-07",
      "consultant": "Douglas Inc",
      "issues": [
        {
          "issue_description": "Report outside attorney total significant data fish case in the roof trusses.",
          "severity": "minor",
          "recommendations": "Simply chair ready picture dinner thought music sort make."
        },
        {
          "issue_description": "Receive mission experience professor single although seat research evening minute in the foundation.",
          "severity": "minor",
          "recommendations": "Example share nothing store local main relationship seek."
        },
        {
          "issue_description": "Tax him time really money five contain dark wonder language in the foundation.",
          "severity": "minor",
          "recommendations": "However ahead too fire American line floor yourself live fill of."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-3 Light Industrial",
    "permitted_uses": [
      "politics",
      "safe",
      "develop",
      "interview",
      "myself"
    ],
    "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": 307752
  }
}