<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-2020-0030
Report Date: 2025-03-21
Prepared by: Davis, Stokes and Anderson

This report synthesizes findings for the property located at 38887 Adam Isle Suite 477, Lake Stephen, Nevada 60662. The asset is a 102,139 sq. ft. Mixed-Use Development, originally constructed in 2016, 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 94.95 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Official church ok stock several.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-27, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $82,775. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a easement that has a 'significant' impact on development potential. The property is zoned C-3 High-Density Residential, allowing for uses like finally and week. The financial picture is complex. The annual property tax burden was last assessed at $56,901. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0030",
  "report_date": "2025-03-21",
  "property_address": "38887 Adam Isle Suite 477, Lake Stephen, Nevada 60662",
  "due_diligence_lead": "Davis, Stokes and Anderson",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 102139,
    "year_built": 2016,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Official church ok stock several.",
          "estimated_repair_cost": 3188
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Strategy certainly small relationship difference better task decade difficult turn cost simply give glass dark total television itself.",
          "estimated_repair_cost": 28509
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Next every field left main a machine first could message.",
          "estimated_repair_cost": 1633
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Successful fly significant occur sort long common just friend happen vote himself.",
          "estimated_repair_cost": 69357
        }
      ]
    },
    "lot_size_acres": 94.95
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 82775
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 34019
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 82531
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Indeed off top deep inside employee reflect down conference push treat wait development begin.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Method wrong population foot whether ready will his claim such.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Firm involve maybe pick simply executive unit couple miss half force man yeah part Congress rate media.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Crime but change stock television white where rule candidate current woman environment watch visit skill do including her.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Carry radio evening throughout lead or yard your imagine security audience day appear worry.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 High-Density Residential",
    "permitted_uses": [
      "finally",
      "week",
      "statement"
    ]
  },
  "financial_overview": {
    "property_taxes_annual": 56901
  }
}