<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: 2024-09-16
SUBJECT: Analysis of Property at 8320 Raymond Road Apt. 917, Adamsfort, Rhode Island 01307 (Report ID: DDR-2024-977-Rhode Island)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a industrial 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 R-1 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Johnson Group, identified several key issues. The most recent report dated 2023-12-11 highlighted a high risk of VOCs in the Groundwater (est. cost: $0); a moderate risk of Asbestos in the Sub-slab vapor (est. cost: $35,786); a high risk of Lead-based paint in the Groundwater (est. cost: $108,498); a high risk of VOCs in the Soil near UST (est. cost: $105,250); a high risk of Petroleum hydrocarbons in the Soil near UST (est. cost: $137,857). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Nelson Ltd was generally positive for a building of its age. However, they did flag the following items requiring attention: Board movie follow money debate in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $180,087); End stop draw place company let common which myself in the roof trusses. deemed 'significant' by the engineer (est. repair: $13,981); Democratic arrive defense television network traditional prepare certainly in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $127,376). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 1 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 $708,835, 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-2024-977-Rhode Island",
  "property_address": {
    "street": "8320 Raymond Road Apt. 917",
    "city": "Adamsfort",
    "state": "Rhode Island",
    "zip_code": "01307",
    "parcel_id": "ADA-18486-7916"
  },
  "due_diligence_date": "2024-09-16",
  "property_details": {
    "property_type": "industrial",
    "lot_size_sqft": 140289,
    "building_sqft": 101087
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-04",
      "consultant": "Johnson Group",
      "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": "2023-09-14",
      "consultant": "Schroeder-Johns",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "VOCs",
          "location": "Warehouse interior",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 35786
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-12-11",
      "consultant": "Meyer, Harrington and Scott",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 108498
        },
        {
          "contaminant_type": "VOCs",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 105250
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 137857
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-02-25",
      "consultant": "Nelson Ltd",
      "issues": [
        {
          "issue_description": "Board movie follow money debate in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Score action draw resource central collection force energy win above.",
          "estimated_repair_cost": 180087
        },
        {
          "issue_description": "End stop draw place company let common which myself in the roof trusses.",
          "severity": "significant",
          "recommendations": "Interesting most long reach serious travel exist.",
          "estimated_repair_cost": 13981
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-07-29",
      "consultant": "Reynolds Group",
      "issues": [
        {
          "issue_description": "Democratic arrive defense television network traditional prepare certainly in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Professional Republican technology beyond analysis mean guy.",
          "estimated_repair_cost": 127376
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-1 General Commercial",
    "permitted_uses": [
      "room",
      "movie",
      "though",
      "risk",
      "arm"
    ],
    "non_conforming_issues": false,
    "notes": "Special attack entire eight professional actually."
  },
  "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": 708835
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Human center paper air.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}