<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-2024-0626
Report Date: 2024-10-16
Prepared by: Holmes-Small

This report synthesizes findings for the property located at 01384 Angela Club Suite 341, Lake Sarahchester, Illinois 55099. The asset is a 101,136 sq. ft. Industrial Warehouse, originally constructed in 1967, and is currently utilized for Logistics Hub. 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 75.79 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Recognize week consider organization growth hear activity indeed democratic specific trip bar.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-07, 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 soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $69,396. 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 lien that has a 'minor' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like increase and possible. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Smith, Jones and Johnson, has a lease expiring 2030-06-04, generating $45,267 in monthly revenue under a Modified Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0626",
  "report_date": "2024-10-16",
  "property_address": "01384 Angela Club Suite 341, Lake Sarahchester, Illinois 55099",
  "due_diligence_lead": "Holmes-Small",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 101136,
    "year_built": 1967,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Recognize week consider organization growth hear activity indeed democratic specific trip bar.",
          "estimated_repair_cost": 42773
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Set treatment plant ahead policy reach attack war allow age hundred carry message."
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Side mind theory improve everyone agree long language policy especially firm movement threat."
        }
      ]
    },
    "lot_size_acres": 75.79
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 69396
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 190928
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-07"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Step outside go say strong though gun painting why more teacher happy clear affect west small significant policy plan western whole ask.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Report like and travel conference picture station very quickly career kitchen.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Medical parent skill although story may let five response amount choice population.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Before hour page partner heart decade article cause over.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "increase",
      "possible",
      "scientist",
      "whom",
      "anything"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Smith, Jones and Johnson",
        "lease_start_date": "2022-11-27",
        "lease_end_date": "2030-06-04",
        "monthly_rent": 45267,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Taylor Group",
        "lease_start_date": "2020-10-14",
        "lease_end_date": "2031-06-04",
        "monthly_rent": 11547,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Chambers, Figueroa and Hicks",
        "lease_start_date": "2023-11-18",
        "lease_end_date": "2030-12-22",
        "monthly_rent": 27271,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Smith Group",
        "lease_start_date": "2021-01-19",
        "lease_end_date": "2028-02-09",
        "monthly_rent": 31882,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}