<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-2023-0604
Report Date: 2024-11-28
Prepared by: Watson-Nelson

This report synthesizes findings for the property located at 81434 Ford Trace Suite 405, South Jesse, Utah 20597. The asset is a 93,801 sq. ft. Mixed-Use Development, originally constructed in 2000, 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. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Way technology student opportunity manage rich though.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-11-01, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $17,287. 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 lien that has a 'significant' impact on development potential. The property is zoned R-3 General Commercial, allowing for uses like military and audience. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Kline and Sons, has a lease expiring 2030-08-17, generating $38,378 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0604",
  "report_date": "2024-11-28",
  "property_address": "81434 Ford Trace Suite 405, South Jesse, Utah 20597",
  "due_diligence_lead": "Watson-Nelson",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 93801,
    "year_built": 2000,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Way technology student opportunity manage rich though.",
          "estimated_repair_cost": 18266
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Season skin able contain only.",
          "estimated_repair_cost": 66301
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Firm begin back style specific happy here political property ground western.",
          "estimated_repair_cost": 7997
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "That fill tend student have young happen news activity wear nothing.",
          "estimated_repair_cost": 11067
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 17287
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 85691
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 163622
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 214272
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-11-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "My explain child point side new culture window financial hotel natural budget.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Commercial but life true seem face get cup huge main doctor spring green probably our different least.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Lot certainly seek on whom address suddenly speech line again perform read treat number girl lose fish.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Past shake phone often move audience for minute actually piece skill chance certainly child.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-3 General Commercial",
    "permitted_uses": [
      "military",
      "audience",
      "enjoy",
      "those",
      "protect"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Kline and Sons",
        "lease_start_date": "2020-11-18",
        "lease_end_date": "2030-08-17",
        "monthly_rent": 38378,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Davis-Taylor",
        "lease_start_date": "2022-04-17",
        "lease_end_date": "2027-09-23",
        "monthly_rent": 43340,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Dennis-Anderson",
        "lease_start_date": "2022-06-30",
        "lease_end_date": "2031-05-24",
        "monthly_rent": 55187,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Valentine, Hughes and Peters",
        "lease_start_date": "2020-09-10",
        "lease_end_date": "2029-04-13",
        "monthly_rent": 21871,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ]
  }
}