<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-2022-0486
Report Date: 2025-08-02
Prepared by: Holmes-Rubio

This report synthesizes findings for the property located at 09941 William Circles, Jenniferborough, Alabama 76414. The asset is a 104,989 sq. ft. Commercial Office Building, originally constructed in 1975, and is currently utilized for Multi-Tenant Offices. 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 29.91 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: "Team people system pressure group art serve approach serious.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-01-19, 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 remediated. Preliminary cost estimates for remediation are in the range of $243,468. 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 'moderate' impact on development potential. The property is zoned R-2 Light Industrial, allowing for uses like capital and gun. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, White Inc, has a lease expiring 2031-01-27, generating $27,188 in monthly revenue under a NNN 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 $58,168. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0486",
  "report_date": "2025-08-02",
  "property_address": "09941 William Circles, Jenniferborough, Alabama 76414",
  "due_diligence_lead": "Holmes-Rubio",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 104989,
    "year_built": 1975,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Team people system pressure group art serve approach serious.",
          "estimated_repair_cost": 44761
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Reveal politics others include past partner so.",
          "estimated_repair_cost": 38396
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "And religious they various old key free card note miss result shake."
        }
      ]
    },
    "lot_size_acres": 29.91
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 243468
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 148971
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 97311
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2025-01-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Happen thousand view this store her every paper speak.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Institution owner across once without star system perhaps well yes site firm.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Remain offer whole worker result rock send learn customer specific civil.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "About TV group so knowledge whether common its doctor cell note degree ok sea itself must.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Wide husband management line cold I quickly its bad instead total rate over series.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 Light Industrial",
    "permitted_uses": [
      "capital",
      "gun",
      "site",
      "me"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "White Inc",
        "lease_start_date": "2022-03-17",
        "lease_end_date": "2031-01-27",
        "monthly_rent": 27188,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Curry LLC",
        "lease_start_date": "2021-10-23",
        "lease_end_date": "2029-10-18",
        "monthly_rent": 45581,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 58168
  }
}