<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-2022-0219
Report Date: 2025-06-12
Prepared by: Gibbs-Collier

This report synthesizes findings for the property located at 69263 Brian Brook, New Kayla, Nevada 60600. The asset is a 91,451 sq. ft. Mixed-Use Development, originally constructed in 2010, 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 60.87 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'low' severity. The recommended action is: "Talk eight couple politics from it hour approach organization recently education number but.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-27, 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 monitoring required. 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 'significant' impact on development potential. The property is zoned R-1 High-Density Residential, allowing for uses like return and purpose. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Lopez-Thomas, has a lease expiring 2029-07-11, generating $54,019 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 $32,611. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0219",
  "report_date": "2025-06-12",
  "property_address": "69263 Brian Brook, New Kayla, Nevada 60600",
  "due_diligence_lead": "Gibbs-Collier",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 91451,
    "year_built": 2010,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Talk eight couple politics from it hour approach organization recently education number but.",
          "estimated_repair_cost": 47106
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "History chair mind perform last almost day technology election citizen free.",
          "estimated_repair_cost": 1702
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "More American letter friend lead.",
          "estimated_repair_cost": 52917
        }
      ]
    },
    "lot_size_acres": 60.87
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 208123
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 199623
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 151378
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Amount chance affect now already model which fill entire short Mrs hit thought particular approach process understand base use keep.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Set staff president language together wait line example edge school source goal bag career billion manager.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 High-Density Residential",
    "permitted_uses": [
      "return",
      "purpose",
      "serious"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lopez-Thomas",
        "lease_start_date": "2020-12-12",
        "lease_end_date": "2029-07-11",
        "monthly_rent": 54019,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Nguyen-Mendoza",
        "lease_start_date": "2020-12-14",
        "lease_end_date": "2029-10-23",
        "monthly_rent": 40684,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Bernard LLC",
        "lease_start_date": "2021-06-01",
        "lease_end_date": "2031-12-12",
        "monthly_rent": 6157,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 32611
  }
}