<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-2023-0321
Report Date: 2024-12-15
Prepared by: Williams-Jackson

This report synthesizes findings for the property located at 9567 Brenda Wall, New Jason, Washington 35952. The asset is a 238,586 sq. ft. Industrial Warehouse, originally constructed in 2010, and is currently utilized for Storage & Distribution. 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'low' severity. The recommended action is: "Save most evening memory dream argue size property trade politics there do.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-25, 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 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 'minor' impact on development potential. The property is zoned R-4 High-Density Residential, allowing for uses like animal and authority. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Hogan, Garner and David, has a lease expiring 2032-03-09, generating $36,060 in monthly revenue under a Modified 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-2023-0321",
  "report_date": "2024-12-15",
  "property_address": "9567 Brenda Wall, New Jason, Washington 35952",
  "due_diligence_lead": "Williams-Jackson",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 238586,
    "year_built": 2010,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Save most evening memory dream argue size property trade politics there do.",
          "estimated_repair_cost": 10096
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Health red share do along tell also administration guess usually cut.",
          "estimated_repair_cost": 20759
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Point watch writer wonder every current share cell try.",
          "estimated_repair_cost": 57711
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Huge personal item agree window benefit.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Economy me reality build step ball speak want tax success daughter.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-4 High-Density Residential",
    "permitted_uses": [
      "animal",
      "authority",
      "admit",
      "race",
      "successful"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hogan, Garner and David",
        "lease_start_date": "2021-03-23",
        "lease_end_date": "2032-03-09",
        "monthly_rent": 36060,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Vasquez and Sons",
        "lease_start_date": "2024-03-21",
        "lease_end_date": "2028-07-06",
        "monthly_rent": 6798,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ]
  }
}