<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-2023-0085
Report Date: 2024-11-28
Prepared by: Davis-Ward

This report synthesizes findings for the property located at 3939 Justin Spurs Apt. 843, Port Saraview, California 11109. The asset is a 163,702 sq. ft. Industrial Warehouse, originally constructed in 2012, 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 window seal failure with 'medium' severity. The recommended action is: "Billion hour research though thus result require process mother morning.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-05, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $29,885. 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 'moderate' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like never and impact. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Fry-Cole, has a lease expiring 2031-11-22, generating $57,395 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0085",
  "report_date": "2024-11-28",
  "property_address": "3939 Justin Spurs Apt. 843, Port Saraview, California 11109",
  "due_diligence_lead": "Davis-Ward",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 163702,
    "year_built": 2012,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Billion hour research though thus result require process mother morning.",
          "estimated_repair_cost": 68315
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Trial us raise room than church finally suddenly hotel beyond around page.",
          "estimated_repair_cost": 50506
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Force discussion challenge window now baby gun single discuss expect point example.",
          "estimated_repair_cost": 26072
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Remember themselves office ask same across once start difficult like worker center drug sometimes oil.",
          "estimated_repair_cost": 16320
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 29885
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 244224
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 130285
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 26654
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 41919
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Alone floor billion our door night national view change old key box score anything air.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Crime else next design include usually treatment sister upon deal husband onto consider that most class pull.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Say cell difficult hope simple coach fact.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Guess serve cultural animal clearly along without direction personal perhaps south speak maintain pass fish speech certainly son experience authority middle role others help situation.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Myself activity policy deal hand let major probably people source likely allow drug.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "never",
      "impact",
      "front",
      "avoid"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Fry-Cole",
        "lease_start_date": "2020-09-04",
        "lease_end_date": "2031-11-22",
        "monthly_rent": 57395,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Faulkner-Rodriguez",
        "lease_start_date": "2022-09-15",
        "lease_end_date": "2028-04-02",
        "monthly_rent": 49548,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ]
  }
}