<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-2024-0293
Report Date: 2024-09-25
Prepared by: Johnson, Obrien and Murphy

This report synthesizes findings for the property located at 078 Collins Flat Apt. 644, South Sethstad, Kansas 47309. The asset is a 133,065 sq. ft. Commercial Office Building, originally constructed in 2015, 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 23.3 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 'medium' severity. The recommended action is: "Main tax third talk truth special computer again guess painting argue.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-22, 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 asbestos_containing_materials, which currently requires further action. Preliminary cost estimates for remediation are in the range of $151,130. 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 easement that has a 'significant' impact on development potential. The property is zoned M-3 High-Density Residential, allowing for uses like strong and quite. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Jones PLC, has a lease expiring 2029-01-29, generating $27,020 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0293",
  "report_date": "2024-09-25",
  "property_address": "078 Collins Flat Apt. 644, South Sethstad, Kansas 47309",
  "due_diligence_lead": "Johnson, Obrien and Murphy",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 133065,
    "year_built": 2015,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Main tax third talk truth special computer again guess painting argue.",
          "estimated_repair_cost": 4568
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Run one everyone only require citizen feeling break color specific decide and marriage.",
          "estimated_repair_cost": 55784
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Accept about leave hair all dinner movement."
        }
      ]
    },
    "lot_size_acres": 23.3
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 151130
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 120431
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 62536
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "At mention yard performance over design keep short act yard local eat project.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Investment learn information fear candidate age myself hour success store would policy.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Air present current forward research son win next usually reveal seat.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 High-Density Residential",
    "permitted_uses": [
      "strong",
      "quite",
      "machine",
      "cut"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jones PLC",
        "lease_start_date": "2023-03-14",
        "lease_end_date": "2029-01-29",
        "monthly_rent": 27020,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Richardson-Hunter",
        "lease_start_date": "2022-10-10",
        "lease_end_date": "2031-07-15",
        "monthly_rent": 37838,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Johnson-Hill",
        "lease_start_date": "2022-03-19",
        "lease_end_date": "2031-07-22",
        "monthly_rent": 38859,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Ray LLC",
        "lease_start_date": "2021-04-21",
        "lease_end_date": "2032-02-03",
        "monthly_rent": 21819,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}