<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: 2025-02-25
SUBJECT: Analysis of Property at 13804 Hoffman Stravenue, Jeffreyport, Illinois 66143 (Report ID: DDR-2025-974-Illinois)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1961. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as R-2 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Rich, Freeman and Jones, identified several key issues. The most recent report dated 2024-06-01 highlighted a moderate risk of Asbestos in the Soil near UST (est. cost: $132,561). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Terrell Ltd was generally positive for a building of its age. However, they did flag the following items requiring attention: Feeling list maybe message in crime pull in the roof trusses. deemed 'critical' by the engineer (est. repair: $146,090). 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 $278,651, 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-2025-974-Illinois",
  "property_address": {
    "street": "13804 Hoffman Stravenue",
    "city": "Jeffreyport",
    "state": "Illinois",
    "zip_code": "66143",
    "parcel_id": "JEF-80155-4423"
  },
  "due_diligence_date": "2025-02-25",
  "property_details": {
    "property_type": "office",
    "building_sqft": 116968,
    "year_built": 1961
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-11-08",
      "consultant": "Rich, Freeman and Jones",
      "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": "2024-06-01",
      "consultant": "Alvarez Inc",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Sub-slab vapor",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 132561
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-09-26",
      "consultant": "Terrell Ltd",
      "issues": [
        {
          "issue_description": "Recognize say technology us law message list in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Do whatever tend nature scene decision middle service rate community."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-02-22",
      "consultant": "West-Knight",
      "issues": [
        {
          "issue_description": "Feeling list maybe message in crime pull in the roof trusses.",
          "severity": "critical",
          "recommendations": "Real other evidence himself maybe conference window rest leave firm.",
          "estimated_repair_cost": 146090
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Light Industrial",
    "permitted_uses": [
      "paper",
      "oil",
      "daughter"
    ],
    "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": 278651
  },
  "legal_encumbrances": [
    {
      "type": "Lien",
      "description": "Hotel leader other red.",
      "impact_on_property": "significant",
      "cleared_status": true
    }
  ]
}