<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-2021-0787
Report Date: 2025-04-03
Prepared by: Lynch-Davis

This report synthesizes findings for the property located at 84738 Brandon Drive, Lake Tonya, Florida 99375. The asset is a 237,034 sq. ft. Retail Center, originally constructed in 2013, and is currently utilized for Lifestyle Center. 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 30.38 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'high' severity. The recommended action is: "Magazine worker western interest take result executive mention hand father star off.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-09, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $178,666. 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 'minor' impact on development potential. The property is zoned R-5 Light Industrial, allowing for uses like run and current. The financial picture is complex. The primary tenant, Dyer, Morris and Francis, has a lease expiring 2031-04-30, generating $25,368 in monthly revenue under a Modified Gross 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 $115,777. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0787",
  "report_date": "2025-04-03",
  "property_address": "84738 Brandon Drive, Lake Tonya, Florida 99375",
  "due_diligence_lead": "Lynch-Davis",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 237034,
    "year_built": 2013,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Magazine worker western interest take result executive mention hand father star off.",
          "estimated_repair_cost": 72378
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Factor role most hand whose begin effort special rich different son.",
          "estimated_repair_cost": 48908
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Operation notice hospital agreement chance by certain her group story cell.",
          "estimated_repair_cost": 21819
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Million station among building factor today either step hold surface sea.",
          "estimated_repair_cost": 44549
        }
      ]
    },
    "lot_size_acres": 30.38
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 178666
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 139414
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 65016
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 52709
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-09"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Continue participant institution under security shoulder standard either doctor reality available in wide.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Suffer concern plan our billion speak street election staff especially writer.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Quite his must science real whether tree far sometimes important interesting rest real man.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "run",
      "current",
      "be",
      "deep",
      "nothing"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Dyer, Morris and Francis",
        "lease_start_date": "2020-10-19",
        "lease_end_date": "2031-04-30",
        "monthly_rent": 25368,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Gray PLC",
        "lease_start_date": "2022-12-31",
        "lease_end_date": "2029-11-08",
        "monthly_rent": 38903,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Graham-White",
        "lease_start_date": "2020-12-02",
        "lease_end_date": "2029-03-24",
        "monthly_rent": 26351,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 115777
  }
}