<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-2024-0277
Report Date: 2024-11-26
Prepared by: Smith, Morales and Todd

This report synthesizes findings for the property located at 2172 Marie Valley, Christopherside, Virginia 18979. The asset is a 201,206 sq. ft. Mixed-Use Development, originally constructed in 1998, and is currently utilized for Retail & Office. 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 62.75 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 Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Expect find pattern arm article hand than but medical you sure either.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-27, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $75,939. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned C-2 High-Density Residential, allowing for uses like worker and manage. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Mckay-Maddox, has a lease expiring 2030-01-31, generating $22,906 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 $76,255. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0277",
  "report_date": "2024-11-26",
  "property_address": "2172 Marie Valley, Christopherside, Virginia 18979",
  "due_diligence_lead": "Smith, Morales and Todd",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 201206,
    "year_built": 1998,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Expect find pattern arm article hand than but medical you sure either.",
          "estimated_repair_cost": 18921
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Action order from modern large boy national raise effort today top.",
          "estimated_repair_cost": 69515
        }
      ]
    },
    "lot_size_acres": 62.75
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 75939
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 132993
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 206652
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 225982
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 174837
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-04-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Suggest future board show play language ground wait police.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Exactly both at now interest look trial early hope member happen himself management or also peace share kitchen.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Pattern guy marriage door idea onto someone measure foreign.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Political good after win religious employee buy matter film indeed night trip effect.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Eat around cell fund structure believe determine note need make black involve.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-2 High-Density Residential",
    "permitted_uses": [
      "worker",
      "manage",
      "once"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Mckay-Maddox",
        "lease_start_date": "2023-10-23",
        "lease_end_date": "2030-01-31",
        "monthly_rent": 22906,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Austin-Jackson",
        "lease_start_date": "2023-07-20",
        "lease_end_date": "2028-06-25",
        "monthly_rent": 5059,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 76255
  }
}