<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: 2024-12-07
SUBJECT: Analysis of Property at 5304 Kimberly Brook Apt. 343, Lake Michelletown, Arizona 38381 (Report ID: DDR-2024-654-Arizona)

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

Environmental assessments, primarily conducted by Duncan LLC, identified several key issues. The most recent report dated 2024-12-01 highlighted a high risk of Asbestos in the Soil near UST (est. cost: $81,079); a moderate risk of Asbestos in the Soil near UST (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

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 moderate risk with mitigation. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $81,079, 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-2024-654-Arizona",
  "property_address": {
    "street": "5304 Kimberly Brook Apt. 343",
    "city": "Lake Michelletown",
    "state": "Arizona",
    "zip_code": "38381",
    "parcel_id": "LAK-82518-5398"
  },
  "due_diligence_date": "2024-12-07",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 31794,
    "building_sqft": 13113
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-10",
      "consultant": "Duncan LLC",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-11-04",
      "consultant": "Henderson, Green and Farrell",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 81079
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-12-01",
      "consultant": "Gilbert-Brown",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Asbestos",
          "location": "Soil near UST",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-21",
      "consultant": "Jones, Robinson and Rivers",
      "issues": [
        {
          "issue_description": "Chance represent war stage court head often good cup in the roof trusses.",
          "severity": "minor",
          "recommendations": "Subject add training probably father economy writer that."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-3 General Commercial",
    "permitted_uses": [
      "main",
      "professor"
    ],
    "non_conforming_issues": true,
    "notes": "Land road structure population second leave agency."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation.",
    "total_estimated_mitigation_cost": 81079
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Resource hear like environment use me.",
      "impact_on_property": "significant",
      "cleared_status": true
    }
  ]
}