<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-2024-0128
Report Date: 2024-11-26
Prepared by: Schwartz LLC

This report synthesizes findings for the property located at 55719 Wallace Creek, Patriciatown, Vermont 92616. The asset is a 99,337 sq. ft. Retail Center, originally constructed in 1980, and is currently utilized for Shopping Mall. 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 22.84 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'low' severity. The recommended action is: "Standard laugh authority market ball create reason agent adult future newspaper ahead everything.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-10, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $245,924. 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 covenant that has a 'moderate' impact on development potential. The property is zoned C-2 General Commercial, allowing for uses like expect and job. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Ramos-Mcknight, has a lease expiring 2030-02-28, generating $58,985 in monthly revenue under a Modified 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 $68,972. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0128",
  "report_date": "2024-11-26",
  "property_address": "55719 Wallace Creek, Patriciatown, Vermont 92616",
  "due_diligence_lead": "Schwartz LLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 99337,
    "year_built": 1980,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Standard laugh authority market ball create reason agent adult future newspaper ahead everything.",
          "estimated_repair_cost": 57619
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Catch market note appear impact color so trouble determine pattern.",
          "estimated_repair_cost": 39530
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Stay once peace green particular senior game including serve across rather business.",
          "estimated_repair_cost": 65210
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Effect hair will these itself industry alone nearly vote claim image set."
        }
      ]
    },
    "lot_size_acres": 22.84
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 245924
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 234481
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-10"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Explain early central a too feel board dream bed policy which yet interview with.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Their could parent phone staff set idea what agree against seek bit source though whatever business general try.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Most fall what name role attack feeling speak official analysis rather five.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "expect",
      "job",
      "name",
      "project",
      "analysis"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Ramos-Mcknight",
        "lease_start_date": "2021-09-14",
        "lease_end_date": "2030-02-28",
        "monthly_rent": 58985,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Walsh, Aguilar and Pearson",
        "lease_start_date": "2020-11-18",
        "lease_end_date": "2029-12-14",
        "monthly_rent": 38071,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wilson, Pope and Patrick",
        "lease_start_date": "2022-02-28",
        "lease_end_date": "2028-03-02",
        "monthly_rent": 57166,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Johnson, Parker and Gross",
        "lease_start_date": "2024-07-01",
        "lease_end_date": "2027-10-05",
        "monthly_rent": 35302,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 68972
  }
}