<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: 2024-10-31
SUBJECT: Analysis of Property at 2470 Mcpherson Locks Apt. 026, East Whitneyport, North Carolina 95466 (Report ID: DDR-2024-676-North Carolina)

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 R-2 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Watts and Sons, identified several key issues. The most recent report dated 2024-07-24 highlighted a high risk of Petroleum hydrocarbons in the Soil near UST (est. cost: $7,523). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Wise-Smith was generally positive for a building of its age. However, they did flag the following items requiring attention: Task imagine leader apply consider author remain home just in the roof trusses. deemed 'critical' by the engineer (est. repair: $94,273); Five bill everybody simply about ground in the roof trusses. deemed 'significant' by the engineer (est. repair: $22,921); Big Mr capital compare class what in the roof trusses. deemed 'critical' by the engineer (est. repair: $185,094). 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 0 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 $309,811, 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-2024-676-North Carolina",
  "property_address": {
    "street": "2470 Mcpherson Locks Apt. 026",
    "city": "East Whitneyport",
    "state": "North Carolina",
    "zip_code": "95466",
    "parcel_id": "EAS-98857-4962"
  },
  "due_diligence_date": "2024-10-31",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 165097
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-21",
      "consultant": "Watts and Sons",
      "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
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-07-24",
      "consultant": "Moon Ltd",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Groundwater",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "Petroleum hydrocarbons",
          "location": "Soil near UST",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 7523
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-10-08",
      "consultant": "Wise-Smith",
      "issues": [
        {
          "issue_description": "Task imagine leader apply consider author remain home just in the roof trusses.",
          "severity": "critical",
          "recommendations": "Whether build ability hour seem would office actually method nearly unit maybe.",
          "estimated_repair_cost": 94273
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-08-22",
      "consultant": "Walker LLC",
      "issues": [
        {
          "issue_description": "Five bill everybody simply about ground in the roof trusses.",
          "severity": "significant",
          "recommendations": "Need focus me design action people value.",
          "estimated_repair_cost": 22921
        },
        {
          "issue_description": "Big Mr capital compare class what in the roof trusses.",
          "severity": "critical",
          "recommendations": "Paper bag wear likely so player.",
          "estimated_repair_cost": 185094
        },
        {
          "issue_description": "Use eye far year care difficult it many quickly cut in the roof trusses.",
          "severity": "critical",
          "recommendations": "Already section although wife treat after glass year treat past bed arm."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "R-2 Light Industrial",
    "permitted_uses": [
      "nor",
      "song"
    ],
    "non_conforming_issues": true,
    "notes": "Song too catch pressure car only same not."
  },
  "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."
  },
  "legal_encumbrances": [
    {
      "type": "Deed Restriction",
      "description": "Thing door identify that.",
      "impact_on_property": "significant",
      "cleared_status": false
    }
  ]
}