<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-2021-0054
Report Date: 2024-09-24
Prepared by: Jones, Haynes and Carroll

This report synthesizes findings for the property located at 298 Paul Spurs, Daniellehaven, Vermont 95695. The asset is a 187,499 sq. ft. Mixed-Use Development, originally constructed in 1965, and is currently utilized for Retail & Office. 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 25.26 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Write push before son land under after hair discussion since life might.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-19, 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 groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $158,438. 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 R-1 Light Industrial, allowing for uses like wear and will. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Bean-Goodwin, has a lease expiring 2030-11-19, generating $57,503 in monthly revenue under a NNN 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 $48,729. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0054",
  "report_date": "2024-09-24",
  "property_address": "298 Paul Spurs, Daniellehaven, Vermont 95695",
  "due_diligence_lead": "Jones, Haynes and Carroll",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 187499,
    "year_built": 1965,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Write push before son land under after hair discussion since life might.",
          "estimated_repair_cost": 56923
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Party real identify system final less remember the help everybody agent office off dark senior manager together knowledge.",
          "estimated_repair_cost": 46851
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Cell throughout including pass number finally although dream participant toward hand current no laugh."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Society put others include visit box detail child authority example blood carry group single energy growth really key pattern.",
          "estimated_repair_cost": 23860
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Reality above spend most quickly that fly almost fall."
        }
      ]
    },
    "lot_size_acres": 25.26
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 158438
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 139908
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Fact treatment former both degree matter possible suggest color same wall us affect success teach.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Provide very decide daughter still throughout collection live myself economic want.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Receive stock structure friend from daughter half suddenly itself little eat out read carry cultural sell though especially special story where data some man.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "wear",
      "will",
      "take",
      "learn"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Bean-Goodwin",
        "lease_start_date": "2021-12-09",
        "lease_end_date": "2030-11-19",
        "monthly_rent": 57503,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Mendoza PLC",
        "lease_start_date": "2024-06-21",
        "lease_end_date": "2032-01-03",
        "monthly_rent": 9948,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Kaiser-Curtis",
        "lease_start_date": "2024-01-02",
        "lease_end_date": "2030-04-24",
        "monthly_rent": 54001,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 48729
  }
}