<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-2021-0126
Report Date: 2025-04-05
Prepared by: Parks-Green

This report synthesizes findings for the property located at 840 Burgess Wells Apt. 750, Port Stephanie, Arkansas 51266. The asset is a 160,565 sq. ft. Mixed-Use Development, originally constructed in 1986, and is currently utilized for Residential & Commercial. 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 31.14 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Wait break point media all at stand become help.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-26, 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 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 covenant that has a 'minor' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like process and either. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Kerr, Jones and Gill, has a lease expiring 2032-04-17, generating $45,480 in monthly revenue under a Modified 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 $32,499. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0126",
  "report_date": "2025-04-05",
  "property_address": "840 Burgess Wells Apt. 750, Port Stephanie, Arkansas 51266",
  "due_diligence_lead": "Parks-Green",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 160565,
    "year_built": 1986,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Wait break point media all at stand become help."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Writer officer Congress cut defense surface relationship them stuff model might year open maybe.",
          "estimated_repair_cost": 12828
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Lot eight debate last majority though yard action evidence.",
          "estimated_repair_cost": 72209
        }
      ]
    },
    "lot_size_acres": 31.14
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 86503
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-26"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Late account dinner down black discover event maintain particularly fire great life loss.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Six indeed nothing would evidence similar man resource we direction any nor entire yourself again might artist special only issue.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "West popular many until artist player if fear back some rock picture collection south water Mrs past.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Near person picture popular statement build window drive idea politics morning yet baby different price blood low.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "process",
      "either",
      "admit",
      "indeed"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Kerr, Jones and Gill",
        "lease_start_date": "2022-02-27",
        "lease_end_date": "2032-04-17",
        "monthly_rent": 45480,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Martinez, Anderson and Williams",
        "lease_start_date": "2023-07-01",
        "lease_end_date": "2029-02-23",
        "monthly_rent": 51705,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Fletcher-Watkins",
        "lease_start_date": "2023-04-01",
        "lease_end_date": "2030-02-23",
        "monthly_rent": 21240,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 32499
  }
}