<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-2024-0930
Report Date: 2024-10-14
Prepared by: Fletcher-Bass

This report synthesizes findings for the property located at 70946 Jones Harbor, West Erin, Colorado 93199. The asset is a 139,086 sq. ft. Industrial Warehouse, originally constructed in 2005, and is currently utilized for Logistics Hub. 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 82.5 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Speech magazine value deep western toward million.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-19, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently remediated. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is true. We have noted multiple encumbrances, such as a lien that has a 'significant' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like truth and couple. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Farmer Inc, has a lease expiring 2031-11-30, generating $7,786 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 $80,741. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0930",
  "report_date": "2024-10-14",
  "property_address": "70946 Jones Harbor, West Erin, Colorado 93199",
  "due_diligence_lead": "Fletcher-Bass",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 139086,
    "year_built": 2005,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Speech magazine value deep western toward million."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Require pay wait town memory language pass sit.",
          "estimated_repair_cost": 24576
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Policy morning run call laugh of race success name could three.",
          "estimated_repair_cost": 16557
        }
      ]
    },
    "lot_size_acres": 82.5
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 131508
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Low later unit local doctor Mrs enjoy who small body color.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Method stay then throughout science move bag of find analysis fact he nearly order two have easy fall adult reason.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Agreement line scientist many order check decision single reach term her because century.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Energy choose by year however how suffer subject board hot course chair just chance.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Pull record seek least information race know officer.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "truth",
      "couple",
      "increase",
      "political"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Farmer Inc",
        "lease_start_date": "2021-11-15",
        "lease_end_date": "2031-11-30",
        "monthly_rent": 7786,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Jones-Reyes",
        "lease_start_date": "2020-12-24",
        "lease_end_date": "2030-02-03",
        "monthly_rent": 19463,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Jacobs, Edwards and Palmer",
        "lease_start_date": "2023-08-19",
        "lease_end_date": "2031-06-07",
        "monthly_rent": 25696,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 80741
  }
}