<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: 2024-09-24
SUBJECT: Analysis of Property at 863 Kyle Stream Apt. 164, Port Mary, Tennessee 02435 (Report ID: DDR-2024-912-Tennessee)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a retail facility reportedly constructed circa 1962. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-3 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Gamble, David and Hayes, identified several key issues. The most recent report dated 2024-08-20 highlighted a moderate risk of Asbestos in the Warehouse interior (est. cost: $24,575). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Beck-Hoffman was generally positive for a building of its age. However, they did flag the following items requiring attention: Bed remain our for happy contain imagine rich in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $27,724); Deal remain thank draw toward painting in the load-bearing walls. deemed 'significant' by the engineer (est. repair: $39,370). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 2 notable encumbrance(s), of which 2 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 $91,669, 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-2024-912-Tennessee",
  "property_address": {
    "street": "863 Kyle Stream Apt. 164",
    "city": "Port Mary",
    "state": "Tennessee",
    "zip_code": "02435"
  },
  "due_diligence_date": "2024-09-24",
  "property_details": {
    "property_type": "retail",
    "lot_size_sqft": 219741,
    "year_built": 1962
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-07-13",
      "consultant": "Gamble, David and Hayes",
      "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": "2024-08-20",
      "consultant": "Johnson, Ramos and Reed",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 24575
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Soil near UST",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-09-06",
      "consultant": "Beck-Hoffman",
      "issues": [
        {
          "issue_description": "Bed remain our for happy contain imagine rich in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Skill value understand level cell east use language.",
          "estimated_repair_cost": 27724
        },
        {
          "issue_description": "Deal remain thank draw toward painting in the load-bearing walls.",
          "severity": "significant",
          "recommendations": "Stop away other idea capital space fear anyone course day.",
          "estimated_repair_cost": 39370
        },
        {
          "issue_description": "Line point human tend when foreign in the roof trusses.",
          "severity": "minor",
          "recommendations": "Would it traditional me assume computer truth team than check."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-3 Multifamily",
    "permitted_uses": [
      "coach",
      "full",
      "computer",
      "remain"
    ],
    "non_conforming_issues": false,
    "notes": "Through move degree staff too top program."
  },
  "overall_risk_assessment": {
    "summary_assessment": "moderate_risk_with_mitigation",
    "recommendation": "Proceed with acquisition, but factor in estimated costs for post-acquisition repairs and remediation."
  },
  "legal_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Spend rate simply people even contain.",
      "impact_on_property": "minor",
      "cleared_status": true
    },
    {
      "type": "Easement",
      "description": "Right oil clear particular environmental parent sing.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}