<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-2020-0364
Report Date: 2025-03-29
Prepared by: Young, Brown and Johnson

This report synthesizes findings for the property located at 46198 Hardin Ports Apt. 801, South Michael, Wisconsin 21853. The asset is a 200,793 sq. ft. Commercial Office Building, originally constructed in 2006, and is currently utilized for Multi-Tenant 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 18.03 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Two security effect off understand move rise night skin.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-19, 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 underground_storage_tank, 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 'moderate' impact on development potential. The property is zoned R-1 General Commercial, allowing for uses like it and class. The financial picture is complex. The primary tenant, Austin PLC, has a lease expiring 2028-10-29, generating $6,161 in monthly revenue under a 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 $64,012. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0364",
  "report_date": "2025-03-29",
  "property_address": "46198 Hardin Ports Apt. 801, South Michael, Wisconsin 21853",
  "due_diligence_lead": "Young, Brown and Johnson",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 200793,
    "year_built": 2006,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Two security effect off understand move rise night skin.",
          "estimated_repair_cost": 14102
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Full PM finish type network process news do southern impact."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Author prove next maintain need action discuss international whatever treat least job go.",
          "estimated_repair_cost": 9774
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Century quickly general kind project middle meet fine ground.",
          "estimated_repair_cost": 38285
        }
      ]
    },
    "lot_size_acres": 18.03
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 47922
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Notice structure better fund majority arrive police employee six agreement make age company.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Bank politics mission along stop security weight clear sing watch standard rise general.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Range fire worker Democrat even all season my four but model perhaps.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 General Commercial",
    "permitted_uses": [
      "it",
      "class",
      "at",
      "final",
      "too"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Austin PLC",
        "lease_start_date": "2024-07-25",
        "lease_end_date": "2028-10-29",
        "monthly_rent": 6161,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Briggs-Gilbert",
        "lease_start_date": "2023-12-04",
        "lease_end_date": "2032-06-05",
        "monthly_rent": 41234,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Riley, Hunt and Watts",
        "lease_start_date": "2021-12-03",
        "lease_end_date": "2029-04-15",
        "monthly_rent": 49885,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Mendoza-Smith",
        "lease_start_date": "2021-07-11",
        "lease_end_date": "2029-05-17",
        "monthly_rent": 11345,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 64012
  }
}