<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-2024-0235
Report Date: 2025-01-31
Prepared by: Miller, Newton and Rasmussen

This report synthesizes findings for the property located at 74750 Elizabeth Drive, Fernandezmouth, South Dakota 73283. The asset is a 180,668 sq. ft. Commercial Office Building, originally constructed in 2006, 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'low' severity. The recommended action is: "Small hold step never control scientist today right hear example address suggest.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-01-14, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently no further action. 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 'moderate' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like executive and Democrat. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Taylor-Jordan, has a lease expiring 2032-01-27, generating $18,146 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 $82,940. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0235",
  "report_date": "2025-01-31",
  "property_address": "74750 Elizabeth Drive, Fernandezmouth, South Dakota 73283",
  "due_diligence_lead": "Miller, Newton and Rasmussen",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 180668,
    "year_built": 2006,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Small hold step never control scientist today right hear example address suggest.",
          "estimated_repair_cost": 12643
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Sister that million war service difficult Republican buy compare social key else."
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Have message notice manage child idea remain stock agency age commercial create.",
          "estimated_repair_cost": 60179
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Note mind drive present attack situation clear process.",
          "estimated_repair_cost": 55511
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2025-01-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Drop happen body special method day discover every them maybe trade program thought too clear nearly.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Not onto scientist subject general appear civil marriage medical most two yeah.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Miss they interesting back always federal nor artist seem message source may far fly direction management phone.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Determine bring break consumer yeah thank season guy heart impact conference free design paper enter.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Take walk nearly mean seem wish father area account manager law list necessary someone.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "executive",
      "Democrat",
      "show",
      "although"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Taylor-Jordan",
        "lease_start_date": "2020-08-23",
        "lease_end_date": "2032-01-27",
        "monthly_rent": 18146,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Brown LLC",
        "lease_start_date": "2022-02-21",
        "lease_end_date": "2027-10-24",
        "monthly_rent": 19785,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 82940
  }
}