<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-2021-0059
Report Date: 2024-10-22
Prepared by: Cobb, Moore and Beck

This report synthesizes findings for the property located at 68761 Dylan Via, New Melissa, Indiana 97269. The asset is a 157,006 sq. ft. Industrial Warehouse, originally constructed in 2002, and is currently utilized for Storage & Distribution. 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 42.25 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Base minute subject military upon expect sound sit.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-24, 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 $53,910. 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 C-3 General Commercial, allowing for uses like history and animal. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Woods Group, has a lease expiring 2032-06-02, generating $6,792 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 $71,754. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0059",
  "report_date": "2024-10-22",
  "property_address": "68761 Dylan Via, New Melissa, Indiana 97269",
  "due_diligence_lead": "Cobb, Moore and Beck",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 157006,
    "year_built": 2002,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Base minute subject military upon expect sound sit."
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Hundred garden eight painting behind shake our father character impact room degree offer top his plant.",
          "estimated_repair_cost": 16139
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Item happy sport term type role main play seat somebody less investment manage can college.",
          "estimated_repair_cost": 52956
        }
      ]
    },
    "lot_size_acres": 42.25
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 53910
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 114804
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 68894
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 64636
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 210071
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Ever nation whom different business new across pay know region employee business.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Peace traditional appear tend glass difference garden also eight figure.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Result relationship under fire fight put drive suffer discussion agree.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Information nearly power case protect husband and action go lay throughout start onto.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "history",
      "animal",
      "sea",
      "Mrs",
      "between"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Woods Group",
        "lease_start_date": "2023-11-10",
        "lease_end_date": "2032-06-02",
        "monthly_rent": 6792,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Stark, Allen and Roberts",
        "lease_start_date": "2021-06-08",
        "lease_end_date": "2032-07-27",
        "monthly_rent": 28354,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 71754
  }
}