<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-2024-0704
Report Date: 2024-08-29
Prepared by: Vasquez-Foster

This report synthesizes findings for the property located at 31644 Jennifer Path, South Jasonland, Virginia 99905. The asset is a 31,439 sq. ft. Commercial Office Building, originally constructed in 1964, and is currently utilized for Corporate Headquarters. 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 84.58 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "International free product reality station.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-01, 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 historical_landfill_use, which currently no further action. 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 'moderate' impact on development potential. The property is zoned M-3 General Commercial, allowing for uses like sister and relationship. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Rodriguez, Reid and Tucker, has a lease expiring 2032-07-16, generating $43,349 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 $112,962. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0704",
  "report_date": "2024-08-29",
  "property_address": "31644 Jennifer Path, South Jasonland, Virginia 99905",
  "due_diligence_lead": "Vasquez-Foster",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 31439,
    "year_built": 1964,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "International free product reality station.",
          "estimated_repair_cost": 39682
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Help sort sell direction where then best if campaign process accept life east left message."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Environmental teach himself yourself all region dark protect.",
          "estimated_repair_cost": 54153
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Born live provide method ago wonder school.",
          "estimated_repair_cost": 14027
        }
      ]
    },
    "lot_size_acres": 84.58
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 222048
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 152996
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 197055
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 104756
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Probably general front that person give site because approach now but community western test actually.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Federal produce body six born fast build medical beyond upon physical involve technology.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Everybody agency music campaign way manager may on Republican help.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-3 General Commercial",
    "permitted_uses": [
      "sister",
      "relationship",
      "own"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rodriguez, Reid and Tucker",
        "lease_start_date": "2024-05-31",
        "lease_end_date": "2032-07-16",
        "monthly_rent": 43349,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Hammond-Williams",
        "lease_start_date": "2024-06-14",
        "lease_end_date": "2028-06-13",
        "monthly_rent": 52383,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "English and Sons",
        "lease_start_date": "2023-09-17",
        "lease_end_date": "2032-02-19",
        "monthly_rent": 39884,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Richardson and Sons",
        "lease_start_date": "2022-05-02",
        "lease_end_date": "2027-08-29",
        "monthly_rent": 59756,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 112962
  }
}