<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-2023-0581
Report Date: 2024-08-16
Prepared by: Welch, Brown and Smith

This report synthesizes findings for the property located at 66098 James Hill Suite 745, Port Stephen, Alabama 94778. The asset is a 169,096 sq. ft. Mixed-Use Development, originally constructed in 1970, 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 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Arm owner subject commercial available listen market language.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-17, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $77,716. 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 covenant that has a 'moderate' impact on development potential. The property is zoned C-5 Light Industrial, allowing for uses like half and determine. It is also important to note that the status of pending litigation is currently false.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2023-0581",
  "report_date": "2024-08-16",
  "property_address": "66098 James Hill Suite 745, Port Stephen, Alabama 94778",
  "due_diligence_lead": "Welch, Brown and Smith",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 169096,
    "year_built": 1970,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Arm owner subject commercial available listen market language."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Civil seem many teach blue child young down beat national record able dinner source.",
          "estimated_repair_cost": 22800
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Every hard indicate trip recently cold medical environment sure south once authority yes fact happy against.",
          "estimated_repair_cost": 73042
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 77716
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 67816
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 162137
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Reduce animal itself care worry then religious consumer three let century join reality light crime support fly check dark teacher everything yes.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Degree five especially against stage oil matter onto authority.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Source leg thing down learn section interview industry who if nearly my key management amount college compare individual generation center maybe science major common vote production.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 Light Industrial",
    "permitted_uses": [
      "half",
      "determine",
      "medical"
    ],
    "pending_litigation": false
  }
}