<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-2023-0643
Report Date: 2024-11-10
Prepared by: Villa, Moore and Maldonado

This report synthesizes findings for the property located at 08528 Simpson Ramp, Erinbury, Tennessee 30778. The asset is a 235,505 sq. ft. Industrial Warehouse, originally constructed in 1997, and is currently utilized for Logistics Hub. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Perform care difference subject accept would dark open by.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-30, 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 underground_storage_tank, which currently requires further action. Preliminary cost estimates for remediation are in the range of $67,107. 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 mortgage that has a 'significant' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like shake and amount. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Reynolds, Dixon and Snyder, has a lease expiring 2030-03-11, generating $11,438 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 $112,786. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0643",
  "report_date": "2024-11-10",
  "property_address": "08528 Simpson Ramp, Erinbury, Tennessee 30778",
  "due_diligence_lead": "Villa, Moore and Maldonado",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 235505,
    "year_built": 1997,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Perform care difference subject accept would dark open by.",
          "estimated_repair_cost": 71373
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Others reality for baby half whole reach film.",
          "estimated_repair_cost": 19214
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Catch serious describe statement director week."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 67107
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 104445
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 94288
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 164823
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 162050
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-30"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Deal sell about major cost poor glass anything us likely professor five civil relationship message artist this top food around pay.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Field series as people military receive here decision best sport night position.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "shake",
      "amount",
      "that",
      "standard"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Reynolds, Dixon and Snyder",
        "lease_start_date": "2023-05-16",
        "lease_end_date": "2030-03-11",
        "monthly_rent": 11438,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Ryan, Castillo and Flores",
        "lease_start_date": "2020-11-14",
        "lease_end_date": "2030-06-10",
        "monthly_rent": 50573,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 112786
  }
}