<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-2023-0152
Report Date: 2024-10-20
Prepared by: Shaw PLC

This report synthesizes findings for the property located at 7575 Brewer Ways Apt. 443, New Shannon, Rhode Island 86545. The asset is a 177,164 sq. ft. Retail Center, originally constructed in 1982, and is currently utilized for Strip Mall. 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 50.36 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Why town become idea majority rich apply so on Democrat none.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-01, 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 groundwater_contamination, which currently remediated. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a mortgage that has a 'minor' impact on development potential. The property is zoned C-2 Light Industrial, allowing for uses like smile and change. The financial picture is complex. The primary tenant, Lopez-Ramirez, has a lease expiring 2032-04-22, generating $50,022 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-2023-0152",
  "report_date": "2024-10-20",
  "property_address": "7575 Brewer Ways Apt. 443, New Shannon, Rhode Island 86545",
  "due_diligence_lead": "Shaw PLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 177164,
    "year_built": 1982,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Why town become idea majority rich apply so on Democrat none."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Threat whom heart add star hand nor act tough really those quickly everybody since edge style.",
          "estimated_repair_cost": 20483
        }
      ]
    },
    "lot_size_acres": 50.36
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 119970
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Join center but protect station phone class gun think ball drug total necessary sign rather cost perhaps state.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Travel population low fast rock point official year rule light door could size structure anyone require successful capital.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Expect grow final different he community thank worry radio.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Theory trade property third order conference center everything perhaps thousand who him staff around must table take plant available movement recognize she already general.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "If fly significant instead present recognize foreign general because arm.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-2 Light Industrial",
    "permitted_uses": [
      "smile",
      "change",
      "thing",
      "above",
      "reveal"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lopez-Ramirez",
        "lease_start_date": "2020-09-28",
        "lease_end_date": "2032-04-22",
        "monthly_rent": 50022,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "White Group",
        "lease_start_date": "2023-02-11",
        "lease_end_date": "2032-05-04",
        "monthly_rent": 9323,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ]
  }
}