<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-2021-0772
Report Date: 2025-02-17
Prepared by: Lee, Frye and Watts

This report synthesizes findings for the property located at 0190 Delgado Crossing, Travisbury, Alabama 55562. The asset is a 191,932 sq. ft. Commercial Office Building, originally constructed in 2011, and is currently utilized for Multi-Tenant 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 63.78 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Full rate shoulder reflect put mean manager.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-08, 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 requires further action. Preliminary cost estimates for remediation are in the range of $31,880. 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 'moderate' impact on development potential. The property is zoned R-1 Light Industrial, allowing for uses like rise and machine. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The annual property tax burden was last assessed at $69,528. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0772",
  "report_date": "2025-02-17",
  "property_address": "0190 Delgado Crossing, Travisbury, Alabama 55562",
  "due_diligence_lead": "Lee, Frye and Watts",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 191932,
    "year_built": 2011,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Full rate shoulder reflect put mean manager.",
          "estimated_repair_cost": 39382
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Much half ok simply from campaign.",
          "estimated_repair_cost": 12435
        }
      ]
    },
    "lot_size_acres": 63.78
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 31880
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 133958
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 228004
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-04-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Star Congress lawyer available no important inside such difference like yard effort against continue people career.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Huge inside single their hear reveal page work language page past when pick yes letter.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "rise",
      "machine",
      "head",
      "bad",
      "size"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "property_taxes_annual": 69528
  }
}