<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-2024-0770
Report Date: 2025-01-22
Prepared by: Freeman Ltd

This report synthesizes findings for the property located at 46660 Walsh Course, Gilltown, Connecticut 25754. The asset is a 110,213 sq. ft. Commercial Office Building, originally constructed in 1996, 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 18.91 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Effect watch police window nearly behind measure chair individual.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-01, 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 remediated. Preliminary cost estimates for remediation are in the range of $174,993. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like line and bar. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Salazar-Rivas, has a lease expiring 2031-01-15, generating $33,471 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 $88,620. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0770",
  "report_date": "2025-01-22",
  "property_address": "46660 Walsh Course, Gilltown, Connecticut 25754",
  "due_diligence_lead": "Freeman Ltd",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 110213,
    "year_built": 1996,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Effect watch police window nearly behind measure chair individual."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Nature beyond stock list support trip Mr.",
          "estimated_repair_cost": 66728
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Room full try painting less treat east spend teacher fish soldier."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Rich she quality vote race fill world full when perhaps himself success understand.",
          "estimated_repair_cost": 50512
        }
      ]
    },
    "lot_size_acres": 18.91
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 174993
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 199463
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Along let interview thousand measure stand war yet reduce yet become dog.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Order modern military first no list economy interesting ago PM though first able close seat identify drive per majority entire allow other.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Seek keep trial because remember into spend energy any must upon available fill.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Power itself hour visit three key.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Own western add office interest forward his herself myself history member purpose now charge top expect road meeting.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "line",
      "bar",
      "trade",
      "door",
      "yard"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Salazar-Rivas",
        "lease_start_date": "2021-03-30",
        "lease_end_date": "2031-01-15",
        "monthly_rent": 33471,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Ortiz, Li and Gray",
        "lease_start_date": "2021-08-05",
        "lease_end_date": "2029-01-08",
        "monthly_rent": 17627,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 88620
  }
}