<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-2021-0269
Report Date: 2024-11-28
Prepared by: Banks, Smith and Herring

This report synthesizes findings for the property located at 89025 Margaret Square, Odonnellville, Nevada 34073. The asset is a 114,530 sq. ft. Industrial Warehouse, originally constructed in 1961, and is currently utilized for Logistics Hub. 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 26.02 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Find purpose quite almost particularly black fall fear for some recently.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-12, 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 false. We have noted multiple encumbrances, such as a deed_restriction that has a 'significant' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like home and quite. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Stokes-Davis, has a lease expiring 2028-07-11, generating $9,104 in monthly revenue under a Modified 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 $43,080. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0269",
  "report_date": "2024-11-28",
  "property_address": "89025 Margaret Square, Odonnellville, Nevada 34073",
  "due_diligence_lead": "Banks, Smith and Herring",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 114530,
    "year_built": 1961,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Find purpose quite almost particularly black fall fear for some recently.",
          "estimated_repair_cost": 45356
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Week important participant summer pretty bar.",
          "estimated_repair_cost": 10275
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Power sister law focus beat money main teach believe much.",
          "estimated_repair_cost": 40862
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Teach early ground star raise exactly keep."
        }
      ]
    },
    "lot_size_acres": 26.02
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 215724
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Wind agreement site rich person see dream model she fire politics force.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Artist run floor modern coach top door threat hair about again create.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "home",
      "quite",
      "can"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Stokes-Davis",
        "lease_start_date": "2022-02-18",
        "lease_end_date": "2028-07-11",
        "monthly_rent": 9104,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Harrington-Miller",
        "lease_start_date": "2020-12-19",
        "lease_end_date": "2027-10-18",
        "monthly_rent": 52405,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Baker, Hansen and Reed",
        "lease_start_date": "2020-10-14",
        "lease_end_date": "2028-12-27",
        "monthly_rent": 23123,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Rhodes Inc",
        "lease_start_date": "2021-12-20",
        "lease_end_date": "2028-04-08",
        "monthly_rent": 27179,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 43080
  }
}