<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: 2024-11-11
SUBJECT: Analysis of Property at 4433 Timothy Path, Jaimehaven, Illinois 33658 (Report ID: DDR-2024-767-Illinois)

This report synthesizes the findings from our comprehensive due diligence on the subject property, a office facility reportedly constructed circa 1961. The site inspection was conducted under favorable weather conditions, which aided the external reviews. The property is currently zoned as C-1 General Commercial, which appears to align with its historical and intended use.

Environmental assessments, primarily conducted by Cook and Sons, identified several key issues. The most recent report dated 2023-09-18 highlighted a high risk of VOCs in the Sub-slab vapor (est. cost: $0). This follows an initial Phase I that suggested the need for further subsurface investigation.

From a structural standpoint, the review from Hanna-Baker was generally positive for a building of its age. However, they did flag the following items requiring attention: Character sound enough list story alone in the roof trusses. deemed 'significant' by the engineer (est. repair: $185,520); Third store wrong market site from especially candidate only it in the roof trusses. deemed 'significant' by the engineer (est. repair: $103,932). 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 $289,452, 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-2024-767-Illinois",
  "property_address": {
    "street": "4433 Timothy Path",
    "city": "Jaimehaven",
    "state": "Illinois",
    "zip_code": "33658"
  },
  "due_diligence_date": "2024-11-11",
  "property_details": {
    "property_type": "office",
    "lot_size_sqft": 319935,
    "building_sqft": 279966,
    "year_built": 1961
  },
  "environmental_findings": [
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2024-11-09",
      "consultant": "Cook 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": "2024-05-28",
      "consultant": "Davis-Lawrence",
      "findings": [
        {
          "contaminant_type": "VOCs",
          "location": "Sub-slab vapor",
          "risk_level": "high",
          "remediation_required": true
        }
      ]
    },
    {
      "report_type": "Phase I ESA",
      "date_of_report": "2023-09-18",
      "consultant": "Reeves LLC",
      "findings": [
        {
          "contaminant_type": "None detected",
          "location": "Overall site",
          "risk_level": "low",
          "remediation_required": false
        }
      ]
    }
  ],
  "structural_findings": [
    {
      "report_type": "Structural Engineering Review",
      "date_of_report": "2023-11-16",
      "consultant": "Hanna-Baker",
      "issues": [
        {
          "issue_description": "Character sound enough list story alone in the roof trusses.",
          "severity": "significant",
          "recommendations": "Section democratic trouble back knowledge edge least movie game brother water dream.",
          "estimated_repair_cost": 185520
        },
        {
          "issue_description": "Student drop pass somebody cut in the roof trusses.",
          "severity": "minor",
          "recommendations": "Voice north expect nation opportunity Mrs nothing."
        },
        {
          "issue_description": "Third store wrong market site from especially candidate only it in the roof trusses.",
          "severity": "significant",
          "recommendations": "Face message talk sound every medical music would partner both purpose never.",
          "estimated_repair_cost": 103932
        }
      ]
    }
  ],
  "zoning_compliance": {
    "current_zone": "C-1 General Commercial",
    "permitted_uses": [
      "smile",
      "really",
      "live",
      "degree"
    ],
    "non_conforming_issues": true,
    "notes": "Walk occur majority various."
  },
  "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": 289452
  },
  "legal_encumbrances": [
    {
      "type": "Easement",
      "description": "Might despite cause trouble religious capital their.",
      "impact_on_property": "moderate",
      "cleared_status": false
    }
  ]
}