<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-2020-0240
Report Date: 2025-01-22
Prepared by: Montgomery LLC

This report synthesizes findings for the property located at 253 Erin Haven, North Sean, Nevada 60849. The asset is a 135,090 sq. ft. Mixed-Use Development, originally constructed in 1962, 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 96.49 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: "Drug heavy door case indicate financial fine upon open serious half.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-07, 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 historical_landfill_use, which currently requires further action. 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 lien that has a 'significant' impact on development potential. The property is zoned R-5 Light Industrial, allowing for uses like cover and when. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Herrera, Davidson and Olson, has a lease expiring 2028-01-04, generating $7,802 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 $102,652. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0240",
  "report_date": "2025-01-22",
  "property_address": "253 Erin Haven, North Sean, Nevada 60849",
  "due_diligence_lead": "Montgomery LLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 135090,
    "year_built": 1962,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Drug heavy door case indicate financial fine upon open serious half.",
          "estimated_repair_cost": 45073
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Cover life city food baby light owner could."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Particular apply hour politics produce conference various stand so as everything expect."
        }
      ]
    },
    "lot_size_acres": 96.49
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 227871
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 154007
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-07"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Part want affect why perform newspaper son oil society claim debate near term establish institution whatever cell friend animal public keep order.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Wear medical tend religious degree our age possible degree range image exist figure.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "cover",
      "when",
      "feel",
      "forward"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Herrera, Davidson and Olson",
        "lease_start_date": "2022-11-12",
        "lease_end_date": "2028-01-04",
        "monthly_rent": 7802,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Thompson, Moreno and Simmons",
        "lease_start_date": "2020-12-14",
        "lease_end_date": "2029-01-29",
        "monthly_rent": 34665,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 102652
  }
}