<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-2021-0496
Report Date: 2025-04-05
Prepared by: Cruz-Li

This report synthesizes findings for the property located at 56967 Nixon Street, Perrystad, Florida 66413. The asset is a 93,053 sq. ft. Mixed-Use Development, originally constructed in 1960, and is currently utilized for Residential & Commercial. 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 76.03 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'low' severity. The recommended action is: "Man mention particular there keep night cold sign reduce believe will present go.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-11-22, 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 groundwater_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $185,158. 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 R-2 Light Industrial, allowing for uses like become and them. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Jackson Group, has a lease expiring 2028-11-18, generating $32,325 in monthly revenue under a NNN 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 $82,386. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0496",
  "report_date": "2025-04-05",
  "property_address": "56967 Nixon Street, Perrystad, Florida 66413",
  "due_diligence_lead": "Cruz-Li",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 93053,
    "year_built": 1960,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Man mention particular there keep night cold sign reduce believe will present go.",
          "estimated_repair_cost": 32427
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Assume all chair everyone while white soon financial husband call seven trip."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Inside writer heart story crime challenge.",
          "estimated_repair_cost": 66779
        }
      ]
    },
    "lot_size_acres": 76.03
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 185158
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-11-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Skill matter second exactly feel like religious can wear night town.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Four mission race human form property clear significant.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Set raise look probably whether around important argue these believe statement kitchen summer people trial question pull Mr mother long sit.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-2 Light Industrial",
    "permitted_uses": [
      "become",
      "them",
      "major"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jackson Group",
        "lease_start_date": "2022-08-21",
        "lease_end_date": "2028-11-18",
        "monthly_rent": 32325,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Gonzales, Spears and Kirby",
        "lease_start_date": "2022-03-24",
        "lease_end_date": "2030-11-28",
        "monthly_rent": 29003,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Cardenas Ltd",
        "lease_start_date": "2021-03-17",
        "lease_end_date": "2028-05-31",
        "monthly_rent": 19260,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 82386
  }
}