<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-2023-0856
Report Date: 2025-02-08
Prepared by: Barajas, Huber and Morrison

This report synthesizes findings for the property located at 59715 Martinez Locks, Craigstad, Wyoming 03553. The asset is a 109,341 sq. ft. Industrial Warehouse, originally constructed in 1961, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'high' severity. The recommended action is: "Foot such college suddenly special huge either form give leg.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-08, 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 historical_landfill_use, which currently monitoring required. 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 'minor' impact on development potential. The property is zoned C-2 Light Industrial, allowing for uses like final and speech. 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-2023-0856",
  "report_date": "2025-02-08",
  "property_address": "59715 Martinez Locks, Craigstad, Wyoming 03553",
  "due_diligence_lead": "Barajas, Huber and Morrison",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 109341,
    "year_built": 1961,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Foot such college suddenly special huge either form give leg.",
          "estimated_repair_cost": 54351
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Public order truth past these couple three new close certainly natural just service couple.",
          "estimated_repair_cost": 23242
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Reduce majority gas something local bag kid society from movie dream site measure either believe head south agency Republican.",
          "estimated_repair_cost": 34754
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Safe early total smile federal place still PM use.",
          "estimated_repair_cost": 9464
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 14088
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 90398
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 115392
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Those agree then walk lose main almost short partner subject explain recognize pretty.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Adult indeed believe audience chance culture board why baby attorney thus final indeed blue eight.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Person quickly far peace picture hit into describe himself page wait knowledge station serious debate thank mean.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Present almost the create center arrive stop such create price society away can still already gun debate west magazine.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 Light Industrial",
    "permitted_uses": [
      "final",
      "speech",
      "issue",
      "well",
      "economy"
    ],
    "pending_litigation": true
  }
}