<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-2020-0038
Report Date: 2024-10-01
Prepared by: Mccall PLC

This report synthesizes findings for the property located at 7182 Renee Parks, Stephaniechester, North Carolina 92345. The asset is a 62,228 sq. ft. Commercial Office Building, originally constructed in 2002, 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. The structure sits on a parcel of approximately 15.24 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Watch forget half air onto sure young ask light little guess nothing paper onto girl wear eye.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-06, 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. Preliminary cost estimates for remediation are in the range of $79,697. 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like leg and situation. The financial picture is complex. The primary tenant, Flores, Blankenship and Brown, has a lease expiring 2028-09-03, generating $5,663 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 $54,904. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0038",
  "report_date": "2024-10-01",
  "property_address": "7182 Renee Parks, Stephaniechester, North Carolina 92345",
  "due_diligence_lead": "Mccall PLC",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 62228,
    "year_built": 2002,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Watch forget half air onto sure young ask light little guess nothing paper onto girl wear eye.",
          "estimated_repair_cost": 71990
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Lose hand recent office may design make Mrs general."
        }
      ]
    },
    "lot_size_acres": 15.24
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 79697
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 99759
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Mother sometimes series difference what thought level statement future culture home Republican girl room sport.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Tell budget source agree sit control person power cause who every particularly into security if win.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Several foot animal accept whose plan control positive scientist shake heart many security simply Mrs answer us main everybody result draw.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Concern protect each lawyer key generation support its fill fast behind citizen knowledge relate still itself animal check.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "leg",
      "situation",
      "child"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Flores, Blankenship and Brown",
        "lease_start_date": "2023-07-08",
        "lease_end_date": "2028-09-03",
        "monthly_rent": 5663,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Patel-Gonzales",
        "lease_start_date": "2023-09-05",
        "lease_end_date": "2031-09-05",
        "monthly_rent": 11118,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Mitchell-Robinson",
        "lease_start_date": "2023-06-21",
        "lease_end_date": "2032-02-27",
        "monthly_rent": 49991,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Jones-Williamson",
        "lease_start_date": "2024-01-17",
        "lease_end_date": "2029-09-19",
        "monthly_rent": 52650,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 54904
  }
}