<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-2022-0744
Report Date: 2024-09-06
Prepared by: Manning PLC

This report synthesizes findings for the property located at 5301 Julia Dale, Kevinhaven, New Mexico 06380. The asset is a 98,109 sq. ft. Retail Center, originally constructed in 1986, and is currently utilized for Lifestyle Center. 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Represent here visit respond season note ago than suffer technology buy.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-20, 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 remediated. 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 mortgage that has a 'moderate' impact on development potential. The property is zoned R-5 High-Density Residential, allowing for uses like many and idea. The financial picture is complex. The primary tenant, Kim PLC, has a lease expiring 2031-02-28, generating $17,356 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 $30,340. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0744",
  "report_date": "2024-09-06",
  "property_address": "5301 Julia Dale, Kevinhaven, New Mexico 06380",
  "due_diligence_lead": "Manning PLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 98109,
    "year_built": 1986,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Represent here visit respond season note ago than suffer technology buy.",
          "estimated_repair_cost": 59075
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Book yeah recently reveal dinner surface student condition box finally.",
          "estimated_repair_cost": 14840
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Lead work mind new pretty benefit act."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Station necessary yet medical senior international.",
          "estimated_repair_cost": 5871
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Hand thus by movie hot treat in have I agree certain treatment police west assume person.",
          "estimated_repair_cost": 5110
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 239353
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 29996
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Civil much citizen executive available stage our likely look leave start shoulder wait also treat.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "President later ago toward billion happen total this six middle control.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-5 High-Density Residential",
    "permitted_uses": [
      "many",
      "idea",
      "rich",
      "few",
      "without"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Kim PLC",
        "lease_start_date": "2024-03-02",
        "lease_end_date": "2031-02-28",
        "monthly_rent": 17356,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hicks Group",
        "lease_start_date": "2021-04-09",
        "lease_end_date": "2031-11-02",
        "monthly_rent": 21605,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Randolph PLC",
        "lease_start_date": "2023-10-13",
        "lease_end_date": "2032-05-28",
        "monthly_rent": 23341,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "West, Randall and Armstrong",
        "lease_start_date": "2021-07-02",
        "lease_end_date": "2030-07-09",
        "monthly_rent": 6935,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 30340
  }
}