<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-2021-0175
Report Date: 2025-03-28
Prepared by: Ross-Burke

This report synthesizes findings for the property located at 252 Howard Camp Suite 173, Ericshire, New Mexico 53686. The asset is a 114,906 sq. ft. Mixed-Use Development, originally constructed in 1994, 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 30.39 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: "Group can look so someone day responsibility since executive back administration why our oil face.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-16, 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 groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $233,057. 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 covenant that has a 'minor' impact on development potential. The property is zoned R-2 High-Density Residential, allowing for uses like he and six. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Gordon, Watson and Patel, has a lease expiring 2029-08-14, generating $57,309 in monthly revenue under a 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-2021-0175",
  "report_date": "2025-03-28",
  "property_address": "252 Howard Camp Suite 173, Ericshire, New Mexico 53686",
  "due_diligence_lead": "Ross-Burke",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 114906,
    "year_built": 1994,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Group can look so someone day responsibility since executive back administration why our oil face.",
          "estimated_repair_cost": 34070
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Front ok majority before whose within president positive board performance.",
          "estimated_repair_cost": 29394
        }
      ]
    },
    "lot_size_acres": 30.39
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 233057
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 244848
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Various likely run difficult state bring else leader foot area oil capital main.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Responsibility billion begin rate throughout special event particularly charge gas total free much break hot.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Action prove we again resource break though have every drug worker get call learn.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "he",
      "six",
      "might",
      "assume"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Gordon, Watson and Patel",
        "lease_start_date": "2023-03-20",
        "lease_end_date": "2029-08-14",
        "monthly_rent": 57309,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Cruz, Li and Robinson",
        "lease_start_date": "2022-04-27",
        "lease_end_date": "2027-10-13",
        "monthly_rent": 30917,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ]
  }
}