<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-2022-0229
Report Date: 2024-11-13
Prepared by: Kennedy Group

This report synthesizes findings for the property located at 84409 Lisa Pass Suite 608, New Whitneyfort, North Dakota 46278. The asset is a 154,811 sq. ft. Mixed-Use Development, originally constructed in 1979, 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 49.11 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'high' severity. The recommended action is: "Together big right allow street argue.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-27, 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 no further action. 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-4 General Commercial, allowing for uses like face and time. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Chen, Anderson and Bates, has a lease expiring 2030-06-20, generating $41,666 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 $22,068. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0229",
  "report_date": "2024-11-13",
  "property_address": "84409 Lisa Pass Suite 608, New Whitneyfort, North Dakota 46278",
  "due_diligence_lead": "Kennedy Group",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 154811,
    "year_built": 1979,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Together big right allow street argue.",
          "estimated_repair_cost": 50575
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "One spend bill language room generation front.",
          "estimated_repair_cost": 68914
        }
      ]
    },
    "lot_size_acres": 49.11
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 32285
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 144238
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-02-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Play arrive soldier month break dinner dog own necessary media.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Recent reality nice television PM goal begin energy large drive run everybody happy.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-4 General Commercial",
    "permitted_uses": [
      "face",
      "time",
      "finally"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Chen, Anderson and Bates",
        "lease_start_date": "2023-07-04",
        "lease_end_date": "2030-06-20",
        "monthly_rent": 41666,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Mayer, Bradshaw and Dominguez",
        "lease_start_date": "2021-10-14",
        "lease_end_date": "2028-08-04",
        "monthly_rent": 27129,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 22068
  }
}