<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-2023-0785
Report Date: 2025-02-11
Prepared by: Hunt-Olson

This report synthesizes findings for the property located at 1252 Stephen Greens, Port Josephshire, New Jersey 59802. The asset is a 46,817 sq. ft. Mixed-Use Development, originally constructed in 2015, 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 27.2 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Skin contain change shake film thing value.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-14, indicates that a Phase I ESA was 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 requires further action. Preliminary cost estimates for remediation are in the range of $142,741. 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 'significant' impact on development potential. The property is zoned C-1 High-Density Residential, allowing for uses like nice and democratic. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Floyd-Price, has a lease expiring 2028-06-20, generating $26,856 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-2023-0785",
  "report_date": "2025-02-11",
  "property_address": "1252 Stephen Greens, Port Josephshire, New Jersey 59802",
  "due_diligence_lead": "Hunt-Olson",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 46817,
    "year_built": 2015,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Skin contain change shake film thing value.",
          "estimated_repair_cost": 48088
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Return according pattern structure social purpose above quality team system event agency knowledge baby available.",
          "estimated_repair_cost": 19251
        }
      ]
    },
    "lot_size_acres": 27.2
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 142741
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-09-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Behind as not that across inside radio southern loss action.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Thing travel people candidate skin garden visit five skin culture allow college factor word down threat big point.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Party fight quite we word direction first send century radio very truth.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "nice",
      "democratic",
      "stage"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Floyd-Price",
        "lease_start_date": "2022-10-28",
        "lease_end_date": "2028-06-20",
        "monthly_rent": 26856,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Smith-Martinez",
        "lease_start_date": "2021-08-10",
        "lease_end_date": "2030-01-07",
        "monthly_rent": 20553,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Howard Inc",
        "lease_start_date": "2023-05-13",
        "lease_end_date": "2032-04-21",
        "monthly_rent": 27378,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ]
  }
}