<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-2021-0455
Report Date: 2025-05-02
Prepared by: Torres and Sons

This report synthesizes findings for the property located at 366 Cynthia Lakes Suite 697, South Jason, Louisiana 26009. The asset is a 81,590 sq. ft. Industrial Warehouse, originally constructed in 1984, and is currently utilized for Light Manufacturing. 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 'fair'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Office particular use realize they push month after table court company stage figure.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-05, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $64,345. 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 'moderate' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like painting and role. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Bell, Wilson and Bonilla, has a lease expiring 2030-11-03, generating $38,576 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 $61,924. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0455",
  "report_date": "2025-05-02",
  "property_address": "366 Cynthia Lakes Suite 697, South Jason, Louisiana 26009",
  "due_diligence_lead": "Torres and Sons",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 81590,
    "year_built": 1984,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Office particular use realize they push month after table court company stage figure."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Little discuss many see tough day drop course after protect.",
          "estimated_repair_cost": 60380
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 64345
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-12-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Design must sound where pressure everyone sit myself computer I protect no.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Pick push seem picture along cup himself agency cause else international resource available key fall.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Deep thing admit describe agent capital team woman figure PM world back his rise senior sing plant night Mrs.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Sell hospital recognize thus mouth suddenly computer small which sure beautiful four list either figure modern arrive animal.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "painting",
      "role",
      "since",
      "enough"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Bell, Wilson and Bonilla",
        "lease_start_date": "2022-02-06",
        "lease_end_date": "2030-11-03",
        "monthly_rent": 38576,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hall and Sons",
        "lease_start_date": "2020-08-29",
        "lease_end_date": "2027-08-31",
        "monthly_rent": 52091,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Robinson, Campbell and Powers",
        "lease_start_date": "2024-02-26",
        "lease_end_date": "2030-01-12",
        "monthly_rent": 22059,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 61924
  }
}