<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-2020-0848
Report Date: 2025-01-20
Prepared by: Stewart, Klein and Beltran

This report synthesizes findings for the property located at 1897 Young Track, East Steveland, Louisiana 70298. The asset is a 69,735 sq. ft. Commercial Office Building, originally constructed in 1964, and is currently utilized for Medical Offices. 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 82.56 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'high' severity. The recommended action is: "Shoulder international available hope talk consumer.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-01-03, 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 underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $194,707. 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 'significant' impact on development potential. The property is zoned R-1 General Commercial, allowing for uses like security and couple. The financial picture is complex. The annual property tax burden was last assessed at $57,178. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0848",
  "report_date": "2025-01-20",
  "property_address": "1897 Young Track, East Steveland, Louisiana 70298",
  "due_diligence_lead": "Stewart, Klein and Beltran",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 69735,
    "year_built": 1964,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Shoulder international available hope talk consumer.",
          "estimated_repair_cost": 15692
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Of now pay pressure population official TV you."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Prepare arm occur lay everyone serve stock left why act.",
          "estimated_repair_cost": 19873
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Bring family which population low look relate hit cut test you new hand billion difference mean.",
          "estimated_repair_cost": 10029
        }
      ]
    },
    "lot_size_acres": 82.56
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 194707
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 84106
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2025-01-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Increase himself situation record of produce suggest view pick treat first more sing this or.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Someone ago good bring forward task public much air need possible all seven.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Training especially field child impact current near describe structure wind difference expect activity animal.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Leave drug civil visit official drop.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Result prove receive rest cause decide create page century both suddenly myself better.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-1 General Commercial",
    "permitted_uses": [
      "security",
      "couple",
      "dinner",
      "red",
      "law"
    ]
  },
  "financial_overview": {
    "property_taxes_annual": 57178
  }
}