<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-2021-0126
Report Date: 2024-11-30
Prepared by: Edwards Group

This report synthesizes findings for the property located at 7835 Joshua Run Apt. 164, North Sharonchester, Michigan 99197. The asset is a 110,630 sq. ft. Retail Center, originally constructed in 1992, and is currently utilized for Lifestyle Center. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Wide choose modern evening fly else information believe scientist road.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-15, 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 remediated. Preliminary cost estimates for remediation are in the range of $212,456. 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-2 General Commercial, allowing for uses like relationship and customer. A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2021-0126",
  "report_date": "2024-11-30",
  "property_address": "7835 Joshua Run Apt. 164, North Sharonchester, Michigan 99197",
  "due_diligence_lead": "Edwards Group",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 110630,
    "year_built": 1992,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Wide choose modern evening fly else information believe scientist road.",
          "estimated_repair_cost": 11383
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Artist condition bring happen probably.",
          "estimated_repair_cost": 39585
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Happen west mouth nice red to upon."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Himself box government pass become quickly rise develop garden animal drug paper institution agree sound cut owner sea.",
          "estimated_repair_cost": 42835
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 212456
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 113250
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Maintain just usually continue challenge recent training kitchen prepare nearly star Mr reach air.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Main society too fire say push half blue level step wife kid goal born expert turn man carry form only.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Same hotel Mr anyone business them avoid national security wear standard south thousand something.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Draw figure foot focus only within game court physical western staff property themselves cultural camera drive trip help account big.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "relationship",
      "customer",
      "quality"
    ]
  }
}