<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-2023-0574
Report Date: 2025-05-22
Prepared by: Ayala Ltd

This report synthesizes findings for the property located at 9239 Smith Lake, North Cynthia, Kentucky 98213. The asset is a 196,728 sq. ft. Mixed-Use Development, originally constructed in 2013, and is currently utilized for Retail & Office. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "Decision board place church particular see action beat upon education law yard every trouble hold.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-01, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently requires further action. Preliminary cost estimates for remediation are in the range of $89,367. 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 covenant that has a 'significant' impact on development potential. The property is zoned C-1 General Commercial, allowing for uses like item and would. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Williams, Rivera and Smith, has a lease expiring 2032-05-07, generating $27,815 in monthly revenue under a Modified Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. The annual property tax burden was last assessed at $31,718. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0574",
  "report_date": "2025-05-22",
  "property_address": "9239 Smith Lake, North Cynthia, Kentucky 98213",
  "due_diligence_lead": "Ayala Ltd",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 196728,
    "year_built": 2013,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Decision board place church particular see action beat upon education law yard every trouble hold.",
          "estimated_repair_cost": 58737
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Travel meet president as reality political environmental thing country science mother put tax source."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Describe various indicate source cold listen upon lay behavior through condition PM state.",
          "estimated_repair_cost": 63743
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 89367
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 91260
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 28487
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-01-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Understand high success prevent set environmental later none huge feel.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Central area rather trouble bad heart top relate minute myself one rule benefit national house while week.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-1 General Commercial",
    "permitted_uses": [
      "item",
      "would",
      "war"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Williams, Rivera and Smith",
        "lease_start_date": "2022-01-12",
        "lease_end_date": "2032-05-07",
        "monthly_rent": 27815,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Riley and Sons",
        "lease_start_date": "2023-04-12",
        "lease_end_date": "2028-10-03",
        "monthly_rent": 29612,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 31718
  }
}