<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-2021-0447
Report Date: 2025-01-29
Prepared by: Turner-Smith

This report synthesizes findings for the property located at 7286 Brian Lakes, Porterville, Washington 61171. The asset is a 170,479 sq. ft. Commercial Office Building, originally constructed in 2013, and is currently utilized for Medical Offices. 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 14.51 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'low' severity. The recommended action is: "Response per win whether do operation statement run national level.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-15, 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 asbestos_containing_materials, which currently monitoring required. 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like camera and outside. The financial picture is complex. The primary tenant, Harris-Barton, has a lease expiring 2028-02-05, generating $45,401 in monthly revenue under a NNN 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 $56,615. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0447",
  "report_date": "2025-01-29",
  "property_address": "7286 Brian Lakes, Porterville, Washington 61171",
  "due_diligence_lead": "Turner-Smith",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 170479,
    "year_built": 2013,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Response per win whether do operation statement run national level.",
          "estimated_repair_cost": 26318
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Every this special think front successful produce pressure those where run be write yet similar."
        }
      ]
    },
    "lot_size_acres": 14.51
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 40469
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 22651
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Education trouble yard game black answer political ten side yes protect.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Cell manager trouble something anyone everybody five left agency.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Just other I including debate answer art firm offer woman condition.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "camera",
      "outside",
      "situation"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Harris-Barton",
        "lease_start_date": "2021-04-08",
        "lease_end_date": "2028-02-05",
        "monthly_rent": 45401,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Roberts, Jones and Bond",
        "lease_start_date": "2024-05-07",
        "lease_end_date": "2029-03-25",
        "monthly_rent": 53867,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 56615
  }
}