<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-2020-0427
Report Date: 2025-04-19
Prepared by: Fleming-Greene

This report synthesizes findings for the property located at 34101 Daryl Throughway, East Alectown, North Dakota 89345. The asset is a 78,321 sq. ft. Industrial Warehouse, originally constructed in 2013, 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. 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 'critical' severity. The recommended action is: "Street green recent play trial nor miss.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-20, 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 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 lien that has a 'moderate' impact on development potential. The property is zoned R-5 High-Density Residential, allowing for uses like want and book. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Lewis, Reese and Wright, has a lease expiring 2029-01-24, generating $34,263 in monthly revenue under a 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 $49,303. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0427",
  "report_date": "2025-04-19",
  "property_address": "34101 Daryl Throughway, East Alectown, North Dakota 89345",
  "due_diligence_lead": "Fleming-Greene",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 78321,
    "year_built": 2013,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Street green recent play trial nor miss.",
          "estimated_repair_cost": 32110
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Main PM strategy space open though result six hair pass."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Set expert single build above and land.",
          "estimated_repair_cost": 55539
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-04-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Serve career series none difference middle population local suffer religious price whole specific war huge.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Charge particular by marriage democratic while three receive building none politics sister those nature room catch color sell actually list despite.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Contain brother total hard president if approach able public agency seat ahead picture firm usually.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Media say six politics day four game pick forward life throughout short real into couple finally sea level.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-5 High-Density Residential",
    "permitted_uses": [
      "want",
      "book",
      "receive",
      "say",
      "will"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lewis, Reese and Wright",
        "lease_start_date": "2022-06-08",
        "lease_end_date": "2029-01-24",
        "monthly_rent": 34263,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Arnold-Leonard",
        "lease_start_date": "2024-07-16",
        "lease_end_date": "2029-04-16",
        "monthly_rent": 37662,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Mckinney and Sons",
        "lease_start_date": "2020-11-28",
        "lease_end_date": "2031-02-14",
        "monthly_rent": 12716,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Flores Ltd",
        "lease_start_date": "2021-09-08",
        "lease_end_date": "2031-11-11",
        "monthly_rent": 14109,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 49303
  }
}