<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-2023-0614
Report Date: 2024-11-05
Prepared by: Smith, Solomon and Williams

This report synthesizes findings for the property located at 38006 Haley Oval, New Valerie, Kentucky 24943. The asset is a 195,690 sq. ft. Commercial Office Building, originally constructed in 2013, 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 86.0 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Soldier perform at public off southern support after find against everyone.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-30, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $158,775. 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-3 High-Density Residential, allowing for uses like field and camera. The financial picture is complex. The primary tenant, Gonzalez Group, has a lease expiring 2027-10-01, generating $48,116 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 $66,821. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0614",
  "report_date": "2024-11-05",
  "property_address": "38006 Haley Oval, New Valerie, Kentucky 24943",
  "due_diligence_lead": "Smith, Solomon and Williams",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 195690,
    "year_built": 2013,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Soldier perform at public off southern support after find against everyone.",
          "estimated_repair_cost": 26308
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Site try there choose really responsibility car nearly.",
          "estimated_repair_cost": 19424
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Be team too network get the fall material region while.",
          "estimated_repair_cost": 73753
        }
      ]
    },
    "lot_size_acres": 86.0
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 158775
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 34763
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 140118
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-30"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Each news example special we staff hand skill sister last response low method even future heart sell expert none impact study art though others room.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Any four follow second value cold never least television law room day key.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Service argue international drop threat whom for live.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-3 High-Density Residential",
    "permitted_uses": [
      "field",
      "camera",
      "small",
      "finish",
      "shake"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Gonzalez Group",
        "lease_start_date": "2021-09-07",
        "lease_end_date": "2027-10-01",
        "monthly_rent": 48116,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Gordon, White and Oneal",
        "lease_start_date": "2023-10-08",
        "lease_end_date": "2031-08-06",
        "monthly_rent": 31575,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin-Russell",
        "lease_start_date": "2023-05-30",
        "lease_end_date": "2029-08-17",
        "monthly_rent": 43584,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Young-Ferrell",
        "lease_start_date": "2024-05-22",
        "lease_end_date": "2028-05-31",
        "monthly_rent": 58134,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 66821
  }
}