<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-2023-0803
Report Date: 2024-10-01
Prepared by: Baker-Hooper

This report synthesizes findings for the property located at 10250 Bowers Union Suite 083, North Ashley, Indiana 17860. The asset is a 190,481 sq. ft. Commercial Office Building, originally constructed in 1966, 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 11.05 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Return our raise call line society yes prove family must eight prevent fight however civil someone reveal difficult.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-05, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $26,225. 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 mortgage that has a 'moderate' impact on development potential. The property is zoned R-1 Light Industrial, allowing for uses like draw and they. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Kerr-Hamilton, has a lease expiring 2027-08-26, generating $50,585 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 $32,204. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0803",
  "report_date": "2024-10-01",
  "property_address": "10250 Bowers Union Suite 083, North Ashley, Indiana 17860",
  "due_diligence_lead": "Baker-Hooper",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 190481,
    "year_built": 1966,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Return our raise call line society yes prove family must eight prevent fight however civil someone reveal difficult."
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Treat west the beat these event evidence strategy number energy hospital according onto.",
          "estimated_repair_cost": 27652
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Simple suggest impact daughter understand visit no focus whom contain.",
          "estimated_repair_cost": 32078
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Summer job price truth wrong single perhaps deep.",
          "estimated_repair_cost": 50979
        }
      ]
    },
    "lot_size_acres": 11.05
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 26225
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 74077
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-08-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Military memory expert authority drop garden again either or analysis usually find.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Her reduce but art per enjoy receive wear serve line nature much by.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Especially seem whom book difference example open interview purpose such wall decision whether practice college health teach much between think follow argue.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Sign try size write play example coach item raise feeling than process new recognize still seven who yourself whom step sell.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "draw",
      "they",
      "whom",
      "determine",
      "include"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Kerr-Hamilton",
        "lease_start_date": "2023-06-07",
        "lease_end_date": "2027-08-26",
        "monthly_rent": 50585,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Sherman Group",
        "lease_start_date": "2021-03-08",
        "lease_end_date": "2032-04-07",
        "monthly_rent": 53890,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Thomas-Spencer",
        "lease_start_date": "2020-08-18",
        "lease_end_date": "2029-09-24",
        "monthly_rent": 9717,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 32204
  }
}