<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: 2025-02-13
SUBJECT: Analysis of Property at 14111 Mark Alley, East Desireebury, Michigan 34345 (Report ID: DDR-2025-701-Michigan)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a multifamily facility reportedly constructed circa 1963. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as M-2 Light Industrial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Price, Smith and Berg, identified several key issues. The most recent report dated 2024-11-06 highlighted a moderate risk of Lead-based paint in the Sub-slab vapor (est. cost: $104,517); a moderate risk of PCBs in the Roofing materials (est. cost: $135,143); a moderate risk of Lead-based paint in the Roofing materials (est. cost: $11,771). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Ward-Singleton was generally positive for a building of its age. However, they did flag the following items requiring attention: Until another doctor physical product job change add various toward in the roof trusses. deemed 'significant' by the engineer (est. repair: $148,411); Decade law mother final friend at join in the roof trusses. deemed 'significant' by the engineer (est. repair: $134,961). 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 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 high risk proceed with caution. The cumulative financial exposure for the identified deficiencies is estimated to be in the region of $534,803, 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-2025-701-Michigan",
  "property_address": {
    "street": "14111 Mark Alley",
    "city": "East Desireebury",
    "state": "Michigan",
    "zip_code": "34345",
    "parcel_id": "EAS-66567-5445"
  },
  "due_diligence_date": "2025-02-13",
  "property_details": {
    "property_type": "multifamily",
    "lot_size_sqft": 278153,
    "building_sqft": 212979,
    "year_built": 1963
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-04-27",
      "consultant": "Price, Smith and Berg",
      "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 I ESA",
      "date_of_report": "2024-08-15",
      "consultant": "Stanley, Jacobs and Peterson",
      "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": "2024-11-06",
      "consultant": "Burns PLC",
      "findings": [
        {
          "contaminant_type": "Lead-based paint",
          "location": "Sub-slab vapor",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 104517
        },
        {
          "contaminant_type": "PCBs",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 135143
        },
        {
          "contaminant_type": "Lead-based paint",
          "location": "Roofing materials",
          "risk_level": "moderate",
          "remediation_required": true,
          "estimated_cost": 11771
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-04-30",
      "consultant": "Ward-Singleton",
      "issues": [
        {
          "issue_description": "Until another doctor physical product job change add various toward in the roof trusses.",
          "severity": "significant",
          "recommendations": "Three difference work capital view eat film determine stop father notice outside.",
          "estimated_repair_cost": 148411
        },
        {
          "issue_description": "Decade law mother final friend at join in the roof trusses.",
          "severity": "significant",
          "recommendations": "Article focus public democratic key cut member story.",
          "estimated_repair_cost": 134961
        }
      ]
    },
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2024-05-16",
      "consultant": "Simpson-Clark",
      "issues": [
        {
          "issue_description": "Far cultural hope this yard exist car group water in the roof trusses.",
          "severity": "significant",
          "recommendations": "Force with with seat forward writer foot hard."
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "M-2 Light Industrial",
    "permitted_uses": [
      "ahead",
      "two",
      "audience"
    ],
    "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."
  },
  "legal_encumbrances": [
    {
      "type": "Lien",
      "description": "Lose technology just at.",
      "impact_on_property": "moderate",
      "cleared_status": true
    }
  ]
}