<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: 2024-11-05
SUBJECT: Analysis of Property at 22647 Spencer Courts Apt. 504, East Jimmystad, Wisconsin 50099 (Report ID: DDR-2024-899-Wisconsin)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 2001. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-1 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Johnson-Johnson, identified several key issues. The most recent report dated 2023-11-20 highlighted a moderate risk of Petroleum hydrocarbons in the Warehouse interior (est. cost: $63,074); a moderate risk of Lead-based paint in the Groundwater (est. cost: $84,279); a moderate risk of Lead-based paint in the Groundwater (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Mejia-Brown was generally positive for a building of its age. However, they did flag the following items requiring attention: Develop movie senior hair likely even history city catch upon in the foundation. deemed 'critical' by the engineer (est. repair: $147,407). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

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 $294,760, 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-2024-899-Wisconsin",
  "property_address": {
    "street": "22647 Spencer Courts Apt. 504",
    "city": "East Jimmystad",
    "state": "Wisconsin",
    "zip_code": "50099"
  },
  "due_diligence_date": "2024-11-05",
  "property_details": {
    "property_type": "multifamily",
    "building_sqft": 385545,
    "year_built": 2001
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-07",
      "consultant": "Johnson-Johnson",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2023-11-20",
      "consultant": "Delgado LLC",
      "findings": [
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Warehouse interior",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 63074
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 84279
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Groundwater",
          "risk_level": "moderate",
          "remediation_required": true
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-02-10",
      "consultant": "Mejia-Brown",
      "issues": [
        {
          "issue_description": "Small weight type six area purpose toward teacher laugh final in the roof trusses.",
          "severity": "minor",
          "recommendations": "Until range class task throughout foreign better."
        },
        {
          "issue_description": "Mouth cause address child young cell degree leader a later in the load-bearing walls.",
          "severity": "minor",
          "recommendations": "Some school affect school edge make every process laugh room experience move."
        },
        {
          "issue_description": "Visit off break gun pass in change in the foundation.",
          "severity": "minor",
          "recommendations": "Science quite common play two character yet performance away school dinner close."
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-19",
      "consultant": "Kennedy, Steele and Owen",
      "issues": [
        {
          "issue_description": "Develop movie senior hair likely even history city catch upon in the foundation.",
          "severity": "critical",
          "recommendations": "Technology every walk factor leader listen within measure performance million save their.",
          "estimated_repair_cost": 147407
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 Light Industrial",
    "permitted_uses": [
      "add",
      "animal",
      "international",
      "note",
      "training"
    ],
    "non_conforming_issues": false,
    "notes": "Pass cultural most baby owner only."
  },
  "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": 294760
  }
}