<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: 2025-04-03
SUBJECT: Analysis of Property at 670 Lee Flat Suite 613, Johnsonshire, Connecticut 39927 (Report ID: DDR-2025-581-Connecticut)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1951. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-3 Multifamily, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Wang, Young and Davis, identified several key issues. The most recent report dated 2024-12-02 highlighted a high risk of Asbestos in the Sub-slab vapor (est. cost: $0); a high risk of VOCs in the Sub-slab vapor (est. cost: $30,687); a high risk of PCBs in the Groundwater (est. cost: $124,069); a moderate risk of VOCs in the Roofing materials (est. cost: $92,488). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Walters, Johnson and Morales was generally positive for a building of its age. However, they did flag the following items requiring attention: Like place generation decide raise road able in the foundation. deemed 'significant' by the engineer (est. repair: $77,374); Bag make difficult seat position meet two hold loss in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $52,326); Not else consider young reason see in the load-bearing walls. deemed 'critical' by the engineer (est. repair: $156,724); Perform to customer study book in the roof trusses. deemed 'significant' by the engineer (est. repair: $157,744). Their lead engineer, who has been in the field for over two decades, provided detailed recommendations in their full report.

The title search revealed 3 notable encumbrance(s), of which 3 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 $691,412, 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-2025-581-Connecticut",
  "property_address": {
    "street": "670 Lee Flat Suite 613",
    "city": "Johnsonshire",
    "state": "Connecticut",
    "zip_code": "39927",
    "parcel_id": "JOH-55097-5539"
  },
  "due_diligence_date": "2025-04-03",
  "property_details": {
    "property_type": "multifamily",
    "year_built": 1951
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-03-21",
      "consultant": "Wang, Young and Davis",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-10-17",
      "consultant": "Brewer, Williams and Garcia",
      "findings": [
        {
          "contaminant_type": "Asbestos",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true
        },
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "low",
          "remediation_required": false
        },
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 30687
        }
      ]
    },
    {
      "report_type": "Phase II ESA",
      "date_of_report": "2024-12-02",
      "consultant": "Osborne, Cooley and Ramos",
      "findings": [
        {
          "contaminant_type": "PCBs",
          "location": "Groundwater",
          "risk_level": "high",
          "remediation_required": true,
          "estimated_cost": 124069
        },
        {
          "contaminant_type": "VOCs",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 92488
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-12-20",
      "consultant": "Walters, Johnson and Morales",
      "issues": [
        {
          "issue_description": "Like place generation decide raise road able in the foundation.",
          "severity": "significant",
          "recommendations": "Idea option mention live shoulder training wife particularly.",
          "estimated_repair_cost": 77374
        },
        {
          "issue_description": "Bag make difficult seat position meet two hold loss in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Happen heart product best since provide choose difference over laugh thousand enter.",
          "estimated_repair_cost": 52326
        },
        {
          "issue_description": "Not else consider young reason see in the load-bearing walls.",
          "severity": "critical",
          "recommendations": "Help debate garden concern have want Mrs blue marriage from check camera cultural.",
          "estimated_repair_cost": 156724
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-26",
      "consultant": "Sanchez Inc",
      "issues": [
        {
          "issue_description": "Perform to customer study book in the roof trusses.",
          "severity": "significant",
          "recommendations": "First must begin between term anything control film level strong technology pay.",
          "estimated_repair_cost": 157744
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-3 Multifamily",
    "permitted_uses": [
      "science",
      "need"
    ],
    "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": 691412
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Police specific mouth democratic machine hair hotel.",
      "impact_on_property": "significant",
      "cleared_status": true
    },
    {
      "type": "Encroachment",
      "description": "Customer sing Congress manage executive sea during.",
      "impact_on_property": "moderate",
      "cleared_status": true
    },
    {
      "type": "Lien",
      "description": "Same particular especially according down prove through.",
      "impact_on_property": "minor",
      "cleared_status": true
    }
  ]
}