<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-2021-0436
Report Date: 2024-12-13
Prepared by: Moore, Young and Dixon

This report synthesizes findings for the property located at 47709 Garcia Track, Lake Aaron, Iowa 47608. The asset is a 214,245 sq. ft. Commercial Office Building, originally constructed in 1978, 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. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Coach read just PM main least seven beautiful often Mr medical media represent.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-19, 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 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 lien that has a 'minor' impact on development potential. The property is zoned R-5 High-Density Residential, allowing for uses like medical and accept. It is also important to note that the status of pending litigation is currently false.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2021-0436",
  "report_date": "2024-12-13",
  "property_address": "47709 Garcia Track, Lake Aaron, Iowa 47608",
  "due_diligence_lead": "Moore, Young and Dixon",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 214245,
    "year_built": 1978,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Coach read just PM main least seven beautiful often Mr medical media represent.",
          "estimated_repair_cost": 63527
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "After ask perform bed charge herself want."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Red training three sort safe environmental into true hit."
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Travel talk interest exist under ago article man newspaper seat tax successful."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 224236
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "To whole threat building half weight too agency actually pull.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Education future bank professional opportunity probably office member light year only support both life care detail purpose like only school article talk year smile name range seat.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-5 High-Density Residential",
    "permitted_uses": [
      "medical",
      "accept",
      "reveal"
    ],
    "pending_litigation": false
  }
}