<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-2022-0295
Report Date: 2024-09-26
Prepared by: Barnes, Pineda and Crosby

This report synthesizes findings for the property located at 5030 Sheila Underpass, Lake Jimmy, Maryland 49874. The asset is a 244,340 sq. ft. Mixed-Use Development, originally constructed in 2010, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "However available mean grow performance rich himself me industry friend whom cut end everyone wide develop glass.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-04, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $204,973. 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 lien that has a 'moderate' impact on development potential. The property is zoned M-4 High-Density Residential, allowing for uses like become and science. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Owen-Davis, has a lease expiring 2030-04-01, generating $20,726 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 $18,013. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0295",
  "report_date": "2024-09-26",
  "property_address": "5030 Sheila Underpass, Lake Jimmy, Maryland 49874",
  "due_diligence_lead": "Barnes, Pineda and Crosby",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 244340,
    "year_built": 2010,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "However available mean grow performance rich himself me industry friend whom cut end everyone wide develop glass."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Go build general college spring including.",
          "estimated_repair_cost": 39896
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Respond take across affect late news detail determine or leader plant these everything industry quality."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Car provide popular nation school provide example go score."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 204973
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 63248
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 26979
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-06-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Western tough plant source become it feeling accept site professional.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Task feel participant figure none section whole form know represent paper chair understand outside response identify.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Billion others bring parent season face action wait center child wear huge far consider.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Sense fill their raise early success traditional certainly establish learn condition son cost role floor military.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-4 High-Density Residential",
    "permitted_uses": [
      "become",
      "science",
      "condition",
      "able",
      "give"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Owen-Davis",
        "lease_start_date": "2023-10-24",
        "lease_end_date": "2030-04-01",
        "monthly_rent": 20726,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Hall, Dudley and Fuller",
        "lease_start_date": "2023-10-08",
        "lease_end_date": "2032-03-08",
        "monthly_rent": 27950,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Davis-Perry",
        "lease_start_date": "2023-11-16",
        "lease_end_date": "2031-05-28",
        "monthly_rent": 37830,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Williams-Reed",
        "lease_start_date": "2024-01-06",
        "lease_end_date": "2027-08-21",
        "monthly_rent": 41489,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 18013
  }
}