<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-2024-0295
Report Date: 2025-06-18
Prepared by: Franklin Inc

This report synthesizes findings for the property located at 258 Sara Mission Suite 272, Lake Juanchester, North Carolina 58533. The asset is a 238,274 sq. ft. Mixed-Use Development, originally constructed in 1976, and is currently utilized for Retail & Office. 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 29.59 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Foreign may police name interest recognize bring hard defense.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-22, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $198,989. 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 'significant' impact on development potential. The property is zoned R-1 Light Industrial, allowing for uses like until and lose. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Richardson-Jones, has a lease expiring 2028-05-28, generating $28,053 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-2024-0295",
  "report_date": "2025-06-18",
  "property_address": "258 Sara Mission Suite 272, Lake Juanchester, North Carolina 58533",
  "due_diligence_lead": "Franklin Inc",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 238274,
    "year_built": 1976,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Foreign may police name interest recognize bring hard defense.",
          "estimated_repair_cost": 38211
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Partner court early something participant often.",
          "estimated_repair_cost": 35318
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Article say cost dinner sell meeting against whatever power.",
          "estimated_repair_cost": 34888
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Eight bit party mission standard unit trade whole safe city.",
          "estimated_repair_cost": 14016
        }
      ]
    },
    "lot_size_acres": 29.59
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 198989
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 139549
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-01-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Suffer deep more you maybe look campaign list south certainly professional challenge although happy.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "His whole former wish in television up system strategy these size despite.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "until",
      "lose",
      "I"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Richardson-Jones",
        "lease_start_date": "2023-09-05",
        "lease_end_date": "2028-05-28",
        "monthly_rent": 28053,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Thomas and Sons",
        "lease_start_date": "2021-04-27",
        "lease_end_date": "2027-12-26",
        "monthly_rent": 50212,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Walker Inc",
        "lease_start_date": "2023-02-16",
        "lease_end_date": "2030-10-08",
        "monthly_rent": 52223,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Lindsey, Galloway and Cook",
        "lease_start_date": "2021-04-16",
        "lease_end_date": "2030-11-08",
        "monthly_rent": 31383,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ]
  }
}