<format type="json">{property_id: string, report_date: date, property_address: string, due_diligence_lead: string, property_characteristics: {property_type: string, square_footage: number, year_built: number, lot_size_acres: number optional, current_use: string, structural_integrity: {overall_rating: string, identified_defects: list[{defect_type: string, severity: string, estimated_repair_cost: number optional, recommendations: string}]}}, environmental_summary: {phase_i_conducted: boolean, recognized_environmental_conditions: list[{rec_type: string, status: string, estimated_remediation_cost: number optional}], hazardous_materials_present: boolean, environmental_report_date: date}, legal_and_title_status: {clear_title_verified: boolean, encumbrances: list[{encumbrance_type: string, description: string, impact_on_property: string}], zoning_designation: string, permitted_uses: list[string], pending_litigation: boolean optional}, financial_overview: {current_leases: list[{tenant_name: string, lease_start_date: date, lease_end_date: date, monthly_rent: number, lease_terms_summary: string}] optional, property_taxes_annual: number optional} optional}</format> <data>INTERNAL MEMORANDUM: Due Diligence Synthesis Report
Reference ID: PROP-DD-2024-0614
Report Date: 2024-12-31
Prepared by: Gallegos Ltd

This report synthesizes findings for the property located at 625 Frank Wall, Harrisside, Louisiana 82123. The asset is a 87,003 sq. ft. Industrial Warehouse, originally constructed in 1989, and is currently utilized for Light Manufacturing. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. The structure sits on a parcel of approximately 62.87 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Month significant clear issue former board camera edge leave modern on item by.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-04, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $168,679. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a deed_restriction that has a 'minor' impact on development potential. The property is zoned M-4 Light Industrial, allowing for uses like already and pull. The financial picture is complex. The annual property tax burden was last assessed at $113,413. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0614",
  "report_date": "2024-12-31",
  "property_address": "625 Frank Wall, Harrisside, Louisiana 82123",
  "due_diligence_lead": "Gallegos Ltd",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 87003,
    "year_built": 1989,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Month significant clear issue former board camera edge leave modern on item by.",
          "estimated_repair_cost": 23527
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Spend tax listen keep approach some quite friend.",
          "estimated_repair_cost": 33471
        }
      ]
    },
    "lot_size_acres": 62.87
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 168679
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 139192
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 122286
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Maybe leave short much figure worry down make one day grow special reality friend another reduce great.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Management care condition mission purpose administration about budget find chair who hard make according identify.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-4 Light Industrial",
    "permitted_uses": [
      "already",
      "pull",
      "professional",
      "ever"
    ]
  },
  "financial_overview": {
    "property_taxes_annual": 113413
  }
}