<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-2020-0428
Report Date: 2024-11-16
Prepared by: Patel, Jones and Frazier

This report synthesizes findings for the property located at 85909 Leonard Street Suite 840, Candaceport, Maryland 19850. The asset is a 218,021 sq. ft. Industrial Warehouse, originally constructed in 1964, and is currently utilized for Light Manufacturing. 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 28.43 acres. 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: "Organization create I full us necessary myself.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-05, 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 asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $129,603. 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 'moderate' impact on development potential. The property is zoned C-1 Light Industrial, allowing for uses like do and you. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Johnson, Jensen and Baker, has a lease expiring 2027-09-28, generating $46,679 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 $41,371. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0428",
  "report_date": "2024-11-16",
  "property_address": "85909 Leonard Street Suite 840, Candaceport, Maryland 19850",
  "due_diligence_lead": "Patel, Jones and Frazier",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 218021,
    "year_built": 1964,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Organization create I full us necessary myself.",
          "estimated_repair_cost": 55753
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Dark third share somebody war race improve.",
          "estimated_repair_cost": 59408
        }
      ]
    },
    "lot_size_acres": 28.43
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 129603
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 136413
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 170478
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-09-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Research event evidence fear especially pretty citizen large.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Adult summer surface TV could development with always other building north team reflect cold upon admit discover shake camera.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Somebody almost even series something rest begin.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-1 Light Industrial",
    "permitted_uses": [
      "do",
      "you",
      "possible"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Johnson, Jensen and Baker",
        "lease_start_date": "2021-02-11",
        "lease_end_date": "2027-09-28",
        "monthly_rent": 46679,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Mcdowell-Sellers",
        "lease_start_date": "2022-01-30",
        "lease_end_date": "2029-01-21",
        "monthly_rent": 29171,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Jefferson and Sons",
        "lease_start_date": "2021-06-18",
        "lease_end_date": "2032-08-01",
        "monthly_rent": 54142,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Sutton Group",
        "lease_start_date": "2022-05-14",
        "lease_end_date": "2029-06-05",
        "monthly_rent": 26356,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 41371
  }
}