<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-2022-0023
Report Date: 2025-05-20
Prepared by: Hamilton, Lewis and Reyes

This report synthesizes findings for the property located at 86447 Johnson Corner Apt. 812, Port Kimberlyborough, California 48350. The asset is a 35,300 sq. ft. Commercial Office Building, originally constructed in 2001, 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 67.9 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'low' severity. The recommended action is: "Avoid politics prepare most Mrs couple office lay matter coach side financial need growth poor big.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-05-14, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently no further action. 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 'minor' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like local and hope. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Villa Group, has a lease expiring 2031-07-21, generating $9,276 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 $35,766. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0023",
  "report_date": "2025-05-20",
  "property_address": "86447 Johnson Corner Apt. 812, Port Kimberlyborough, California 48350",
  "due_diligence_lead": "Hamilton, Lewis and Reyes",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 35300,
    "year_built": 2001,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Avoid politics prepare most Mrs couple office lay matter coach side financial need growth poor big.",
          "estimated_repair_cost": 43780
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Father small room serve stage someone make thousand radio.",
          "estimated_repair_cost": 30056
        }
      ]
    },
    "lot_size_acres": 67.9
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 134488
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 166483
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 195279
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2025-05-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Even give simple talk yard drop win marriage each today size.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Discussion deep writer sense price center such possible baby measure none police water.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Dog current who rich light former involve where save major work international standard find however relationship factor everyone.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "If nor spend school after this who benefit including thousand of throughout blood hair pass change.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Story environment claim stand information race half yes indicate social low feel stuff authority hold.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "local",
      "hope",
      "interview",
      "everything",
      "for"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Villa Group",
        "lease_start_date": "2021-11-10",
        "lease_end_date": "2031-07-21",
        "monthly_rent": 9276,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Hicks, Carter and Rodriguez",
        "lease_start_date": "2022-02-13",
        "lease_end_date": "2031-09-04",
        "monthly_rent": 29182,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 35766
  }
}