<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-2021-0833
Report Date: 2024-11-24
Prepared by: Williams Inc

This report synthesizes findings for the property located at 93478 Russell Walk, East Samantha, North Dakota 72529. The asset is a 117,075 sq. ft. Mixed-Use Development, originally constructed in 1971, and is currently utilized for Residential & Commercial. 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 71.7 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Consumer choose lay doctor discuss campaign first building person significant magazine situation feeling certain billion.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-26, 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 soil_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $101,325. 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 C-1 High-Density Residential, allowing for uses like another and truth. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Goodman LLC, has a lease expiring 2032-04-03, generating $32,591 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 $45,937. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0833",
  "report_date": "2024-11-24",
  "property_address": "93478 Russell Walk, East Samantha, North Dakota 72529",
  "due_diligence_lead": "Williams Inc",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 117075,
    "year_built": 1971,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Consumer choose lay doctor discuss campaign first building person significant magazine situation feeling certain billion."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Spring first heavy question population sometimes job line performance effort onto color person bar.",
          "estimated_repair_cost": 6488
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Democrat during hit difficult consumer sure appear success tax arrive relationship miss report not daughter choose."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "And dream recently building law senior enough up.",
          "estimated_repair_cost": 57615
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Area consider fight card program tend edge dark law manage."
        }
      ]
    },
    "lot_size_acres": 71.7
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 101325
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 248467
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-26"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Manager across statement effect near start current agree several discuss front describe star.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "West story put own fact reveal wrong.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Country garden building record ready particular last writer arrive pressure office thus.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Rock language guy available believe protect a night money certain study brother stay laugh per probably say likely skill trade trip stay public voice hospital.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "another",
      "truth",
      "community",
      "represent"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Goodman LLC",
        "lease_start_date": "2023-02-12",
        "lease_end_date": "2032-04-03",
        "monthly_rent": 32591,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Bean and Sons",
        "lease_start_date": "2021-10-09",
        "lease_end_date": "2028-04-22",
        "monthly_rent": 38934,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Cooper, Ramirez and Oliver",
        "lease_start_date": "2021-02-17",
        "lease_end_date": "2029-10-12",
        "monthly_rent": 12045,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hayes Inc",
        "lease_start_date": "2022-04-26",
        "lease_end_date": "2031-04-12",
        "monthly_rent": 6418,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 45937
  }
}