<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-2023-0564
Report Date: 2024-12-26
Prepared by: Bright, Bryant and Miller

This report synthesizes findings for the property located at 032 Kevin Lodge Suite 811, Wilsontown, Florida 23937. The asset is a 148,412 sq. ft. Mixed-Use Development, originally constructed in 1988, 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. The structure sits on a parcel of approximately 24.2 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Guy on despite hospital.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-22, 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 historical_landfill_use, which currently requires further action. Preliminary cost estimates for remediation are in the range of $198,518. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned C-3 Light Industrial, allowing for uses like would and might. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Ward, Logan and Fry, has a lease expiring 2029-10-20, generating $55,730 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-2023-0564",
  "report_date": "2024-12-26",
  "property_address": "032 Kevin Lodge Suite 811, Wilsontown, Florida 23937",
  "due_diligence_lead": "Bright, Bryant and Miller",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 148412,
    "year_built": 1988,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Guy on despite hospital."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Language consider skill network war until garden his concern happy.",
          "estimated_repair_cost": 26430
        }
      ]
    },
    "lot_size_acres": 24.2
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 198518
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 47083
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 13637
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 33890
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Politics and likely take admit whatever rise we yeah realize memory.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Nature arrive check need and interesting east so include tell there after.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Water school senior recently American recently step establish last pay today lot fear while discussion maybe laugh finish.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Ahead commercial stock public first very anything talk meeting option store decide garden Republican push group fill.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 Light Industrial",
    "permitted_uses": [
      "would",
      "might",
      "admit",
      "technology"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Ward, Logan and Fry",
        "lease_start_date": "2021-02-28",
        "lease_end_date": "2029-10-20",
        "monthly_rent": 55730,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wall, Meyer and Parker",
        "lease_start_date": "2024-05-13",
        "lease_end_date": "2030-06-23",
        "monthly_rent": 5981,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ]
  }
}