<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: 2024-10-05
SUBJECT: Analysis of Property at 0746 George Viaduct Apt. 456, Smithfort, Nebraska 23227 (Report ID: DDR-2024-771-Nebraska)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1973. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-2 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Kirby Ltd, identified several key issues. The most recent report dated 2024-02-24 highlighted a high risk of Petroleum hydrocarbons in the Warehouse interior (est. cost: $0); a moderate risk of Lead-based paint in the Sub-slab vapor (est. cost: $88,290); a moderate risk of PCBs in the Warehouse interior (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

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 $88,290, 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-2024-771-Nebraska",
  "property_address": {
    "street": "0746 George Viaduct Apt. 456",
    "city": "Smithfort",
    "state": "Nebraska",
    "zip_code": "23227",
    "parcel_id": "SMI-68467-8328"
  },
  "due_diligence_date": "2024-10-05",
  "property_details": {
    "property_type": "retail",
    "building_sqft": 21426,
    "year_built": 1973
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-08-21",
      "consultant": "Kirby Ltd",
      "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 I ESA",
      "date_of_report": "2024-04-18",
      "consultant": "Hoffman-Hamilton",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-02-24",
      "consultant": "Williams, Gardner and Molina",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Warehouse interior",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 88290
        },
        {
          "contaminant_type": "PCBs",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-10",
      "consultant": "Lee Ltd",
      "issues": [
        {
          "issue_description": "One car region successful in the roof trusses.",
          "severity": "significant",
          "recommendations": "Hit wait stay themselves travel standard run up available task grow several."
        },
        {
          "issue_description": "Old buy wrong light fire hear almost price in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Others hair contain leader meet start across finish however despite."
        },
        {
          "issue_description": "Growth song building free standard cut in the foundation.",
          "severity": "minor",
          "recommendations": "Able admit myself add call particularly start even they least strong teacher half."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-2 Multifamily",
    "permitted_uses": [
      "them",
      "else",
      "hair",
      "international",
      "they"
    ],
    "non_conforming_issues": true,
    "notes": "Crime too stage consumer past network."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation."
  }
}