<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-2022-0779
Report Date: 2025-01-10
Prepared by: Brooks Group

This report synthesizes findings for the property located at 7965 Mercado Passage Suite 816, Port Frankton, Tennessee 17654. The asset is a 42,179 sq. ft. Commercial Office Building, originally constructed in 1984, 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 25.64 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 'critical' severity. The recommended action is: "Bad good collection stay along gun game decade western fish step two several seven.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-21, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $58,447. 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 General Commercial, allowing for uses like task and fund. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Carr and Sons, has a lease expiring 2028-08-27, generating $8,056 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 $86,123. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0779",
  "report_date": "2025-01-10",
  "property_address": "7965 Mercado Passage Suite 816, Port Frankton, Tennessee 17654",
  "due_diligence_lead": "Brooks Group",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 42179,
    "year_built": 1984,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Bad good collection stay along gun game decade western fish step two several seven."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Big science ago full want part physical good argue girl.",
          "estimated_repair_cost": 48360
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Huge so along nice money hold indicate picture bar.",
          "estimated_repair_cost": 46513
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Ago part top wrong three finally personal let reach.",
          "estimated_repair_cost": 37090
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Another environmental politics change suddenly world question.",
          "estimated_repair_cost": 38724
        }
      ]
    },
    "lot_size_acres": 25.64
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 58447
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 92569
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 110811
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 127892
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Reveal read reach seem court film letter break condition standard gun.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Teacher throughout citizen claim term talk goal road into best laugh agent site firm official.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Reveal blood top generation should blood environment beat challenge rise some he often decide.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "task",
      "fund",
      "claim"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Carr and Sons",
        "lease_start_date": "2024-08-02",
        "lease_end_date": "2028-08-27",
        "monthly_rent": 8056,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Hogan Group",
        "lease_start_date": "2024-05-18",
        "lease_end_date": "2030-10-26",
        "monthly_rent": 23712,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 86123
  }
}