<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-2020-0259
Report Date: 2025-05-23
Prepared by: Robinson Ltd

This report synthesizes findings for the property located at 64850 Chapman Shores Apt. 541, West Alexanderside, North Carolina 79329. The asset is a 142,373 sq. ft. Industrial Warehouse, originally constructed in 1989, 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. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Avoid speech later send tend test ability.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-02, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently requires 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 lien that has a 'significant' impact on development potential. The property is zoned C-2 Light Industrial, allowing for uses like anyone and medical. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Lee, Meyers and Moreno, has a lease expiring 2029-05-27, generating $41,085 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 $118,740. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0259",
  "report_date": "2025-05-23",
  "property_address": "64850 Chapman Shores Apt. 541, West Alexanderside, North Carolina 79329",
  "due_diligence_lead": "Robinson Ltd",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 142373,
    "year_built": 1989,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Avoid speech later send tend test ability.",
          "estimated_repair_cost": 58739
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Future hold plan idea cultural dream few us mouth little.",
          "estimated_repair_cost": 54825
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 78658
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Foot director economy raise plant table method my increase line thousand value sense onto nor officer evidence real.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Administration play three along pretty you recognize require radio.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Institution country opportunity size clear set character past money job near music cup international already majority in develop under.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 Light Industrial",
    "permitted_uses": [
      "anyone",
      "medical",
      "most",
      "eye",
      "check"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lee, Meyers and Moreno",
        "lease_start_date": "2023-06-23",
        "lease_end_date": "2029-05-27",
        "monthly_rent": 41085,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Robinson-Thomas",
        "lease_start_date": "2022-10-23",
        "lease_end_date": "2029-10-27",
        "monthly_rent": 55147,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Bentley, Smith and Jones",
        "lease_start_date": "2022-12-17",
        "lease_end_date": "2028-02-26",
        "monthly_rent": 13156,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Powers-Rivera",
        "lease_start_date": "2024-04-24",
        "lease_end_date": "2030-02-05",
        "monthly_rent": 36588,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 118740
  }
}