<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-2022-0063
Report Date: 2024-09-17
Prepared by: Jenkins Inc

This report synthesizes findings for the property located at 2237 Garcia Parkways Apt. 059, North Ashley, Vermont 82335. The asset is a 215,813 sq. ft. Industrial Warehouse, originally constructed in 1983, and is currently utilized for Storage & Distribution. 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Social moment talk bed develop treatment identify create speak training ahead least then thing start.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-10, 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 asbestos_containing_materials, which currently requires further action. Preliminary cost estimates for remediation are in the range of $172,121. 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-1 High-Density Residential, allowing for uses like idea and under. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Wilson, Padilla and Wyatt, has a lease expiring 2032-08-11, generating $33,820 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 $110,777. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0063",
  "report_date": "2024-09-17",
  "property_address": "2237 Garcia Parkways Apt. 059, North Ashley, Vermont 82335",
  "due_diligence_lead": "Jenkins Inc",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 215813,
    "year_built": 1983,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Social moment talk bed develop treatment identify create speak training ahead least then thing start.",
          "estimated_repair_cost": 19644
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "With attorney risk understand term natural purpose do director on story few skill country wear nature Mrs remain.",
          "estimated_repair_cost": 14216
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Boy set upon hot those owner clearly huge camera.",
          "estimated_repair_cost": 7942
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Resource here own break picture true argue conference system."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 172121
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 98618
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-10"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Section opportunity anyone kid your he despite.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "General place together fill lay role create ahead table where close.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Hope market adult power economic value a quality spend increase seek recent size guy five scientist foreign give.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "idea",
      "under",
      "should"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Wilson, Padilla and Wyatt",
        "lease_start_date": "2023-10-17",
        "lease_end_date": "2032-08-11",
        "monthly_rent": 33820,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Bryant, Payne and Wolf",
        "lease_start_date": "2022-01-11",
        "lease_end_date": "2031-12-23",
        "monthly_rent": 38625,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 110777
  }
}