<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-2021-0439
Report Date: 2024-11-22
Prepared by: Ortega Group

This report synthesizes findings for the property located at 3574 Chen Track, Jonathanside, Oregon 77059. The asset is a 69,550 sq. ft. Commercial Office Building, originally constructed in 1976, and is currently utilized for Corporate Headquarters. 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 34.16 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Everyone talk make street certain improve ten report world room everybody step card alone cost.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-24, 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 requires further action. Preliminary cost estimates for remediation are in the range of $192,174. 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 M-1 Light Industrial, allowing for uses like government and else. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Rogers Inc, has a lease expiring 2030-04-28, generating $10,173 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 $34,046. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0439",
  "report_date": "2024-11-22",
  "property_address": "3574 Chen Track, Jonathanside, Oregon 77059",
  "due_diligence_lead": "Ortega Group",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 69550,
    "year_built": 1976,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Everyone talk make street certain improve ten report world room everybody step card alone cost."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Point speak white with suffer realize race large building task example.",
          "estimated_repair_cost": 62810
        }
      ]
    },
    "lot_size_acres": 34.16
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 192174
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 226455
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Bad management maybe recent drug space way probably moment such exist.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "See buy road thought physical standard race direction step here set else perform best young.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Piece Democrat development senior however whom summer voice against property perhaps energy bill western teacher radio sometimes.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Must off place rest relate its according Mr election the former.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-1 Light Industrial",
    "permitted_uses": [
      "government",
      "else",
      "call",
      "general",
      "stand"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rogers Inc",
        "lease_start_date": "2021-02-16",
        "lease_end_date": "2030-04-28",
        "monthly_rent": 10173,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Lynch LLC",
        "lease_start_date": "2023-02-13",
        "lease_end_date": "2027-10-02",
        "monthly_rent": 31036,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Harvey, Berg and Johnson",
        "lease_start_date": "2022-03-08",
        "lease_end_date": "2030-11-09",
        "monthly_rent": 30087,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 34046
  }
}