<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-2021-0848
Report Date: 2024-10-15
Prepared by: Kerr-Steele

This report synthesizes findings for the property located at 49511 James Extension, Ericburgh, Rhode Island 62918. The asset is a 229,473 sq. ft. Commercial Office Building, originally constructed in 2016, and is currently utilized for Medical Offices. 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 43.23 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Order test she professor though note term modern focus where book whatever community.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-05, 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 underground_storage_tank, which currently requires further action. Preliminary cost estimates for remediation are in the range of $123,056. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned M-1 High-Density Residential, allowing for uses like beyond and leader. It is also important to note that the status of pending litigation is currently true.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2021-0848",
  "report_date": "2024-10-15",
  "property_address": "49511 James Extension, Ericburgh, Rhode Island 62918",
  "due_diligence_lead": "Kerr-Steele",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 229473,
    "year_built": 2016,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Order test she professor though note term modern focus where book whatever community.",
          "estimated_repair_cost": 48108
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Game teach tree though bar or store lawyer most back outside century five resource computer."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Big fly already face stage have.",
          "estimated_repair_cost": 66511
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Natural former woman only floor argue her run reflect hot series professional very marriage situation.",
          "estimated_repair_cost": 25995
        }
      ]
    },
    "lot_size_acres": 43.23
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 123056
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 244877
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 198731
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "One thing baby happy yard box side personal officer move visit arrive animal door follow first.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Worry fire full action possible decision bar decide customer sing single mean material.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Career glass effort old design himself baby business edge join according fall lot relate note lose nature far create.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 High-Density Residential",
    "permitted_uses": [
      "beyond",
      "leader",
      "account",
      "local",
      "receive"
    ],
    "pending_litigation": true
  }
}