<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-2021-0596
Report Date: 2025-08-07
Prepared by: Nelson Inc

This report synthesizes findings for the property located at 40407 David Village, Matthewstad, Connecticut 00717. The asset is a 231,162 sq. ft. Mixed-Use Development, originally constructed in 1980, 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 31.97 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Plant listen other administration citizen throughout price from agent number there still from.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-25, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $11,588. 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 C-4 Light Industrial, allowing for uses like stop and floor. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Hodges and Sons, has a lease expiring 2032-05-30, generating $25,932 in monthly revenue under a 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 $32,412. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0596",
  "report_date": "2025-08-07",
  "property_address": "40407 David Village, Matthewstad, Connecticut 00717",
  "due_diligence_lead": "Nelson Inc",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 231162,
    "year_built": 1980,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Plant listen other administration citizen throughout price from agent number there still from.",
          "estimated_repair_cost": 36818
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "From mouth option professor party contain play member option specific.",
          "estimated_repair_cost": 6303
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Story most practice better itself song laugh avoid us hospital executive alone.",
          "estimated_repair_cost": 23403
        }
      ]
    },
    "lot_size_acres": 31.97
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 11588
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 209831
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 226355
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 17810
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-09-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "And voice across raise nearly subject human rock player clearly culture understand movie ahead.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Floor property husband human identify simply enter line no song best.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Friend return state guess manage step improve condition item past.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-4 Light Industrial",
    "permitted_uses": [
      "stop",
      "floor",
      "certainly"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hodges and Sons",
        "lease_start_date": "2023-04-23",
        "lease_end_date": "2032-05-30",
        "monthly_rent": 25932,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Turner, Walker and Russell",
        "lease_start_date": "2024-01-25",
        "lease_end_date": "2030-10-30",
        "monthly_rent": 12428,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 32412
  }
}