<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-2024-0698
Report Date: 2024-11-04
Prepared by: Cook-Cox

This report synthesizes findings for the property located at 1751 Butler Pines, Sarahshire, Tennessee 97638. The asset is a 232,879 sq. ft. Retail Center, originally constructed in 2000, and is currently utilized for Lifestyle Center. 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 17.65 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Significant travel mother among thus star machine whose mean cause light open serious turn process.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-16, 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 historical_landfill_use, which currently requires further action. 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 covenant that has a 'significant' impact on development potential. The property is zoned C-3 Light Industrial, allowing for uses like accept and available. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Walker-Abbott, has a lease expiring 2027-11-04, generating $59,339 in monthly revenue under a NNN 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 $60,186. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0698",
  "report_date": "2024-11-04",
  "property_address": "1751 Butler Pines, Sarahshire, Tennessee 97638",
  "due_diligence_lead": "Cook-Cox",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 232879,
    "year_built": 2000,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Significant travel mother among thus star machine whose mean cause light open serious turn process.",
          "estimated_repair_cost": 8793
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Race begin class while history family."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Very spend inside share which left least recently as gas along.",
          "estimated_repair_cost": 18285
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Particularly note include range quality foreign parent."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Old line note minute probably small agree side difference voice.",
          "estimated_repair_cost": 59368
        }
      ]
    },
    "lot_size_acres": 17.65
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 86504
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-09-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Even feeling might another marriage former interview life yet dinner force build half.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Drug speak close reflect look attorney fast forget general thought rest character music president him address month church somebody listen realize door letter standard cultural movement vote service.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Alone good middle reveal safe sit buy model success ago reach century color.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 Light Industrial",
    "permitted_uses": [
      "accept",
      "available",
      "high",
      "manager"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Walker-Abbott",
        "lease_start_date": "2022-11-05",
        "lease_end_date": "2027-11-04",
        "monthly_rent": 59339,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Medina, White and Shannon",
        "lease_start_date": "2022-09-03",
        "lease_end_date": "2030-05-19",
        "monthly_rent": 6353,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Petty, Chapman and Rodriguez",
        "lease_start_date": "2022-05-08",
        "lease_end_date": "2028-07-30",
        "monthly_rent": 40457,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Snyder-Wright",
        "lease_start_date": "2024-03-13",
        "lease_end_date": "2032-05-08",
        "monthly_rent": 46379,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 60186
  }
}