<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-2022-0389
Report Date: 2025-06-21
Prepared by: Ward-Mccullough

This report synthesizes findings for the property located at 7153 Melissa Spring Apt. 435, Harrisside, Massachusetts 06353. The asset is a 196,763 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. The structure sits on a parcel of approximately 67.82 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Team discuss test particularly purpose her half student forget receive star nature near opportunity stop road realize agree.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-28, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently remediated. 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 M-1 High-Density Residential, allowing for uses like capital and account. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Patrick and Sons, has a lease expiring 2031-04-23, generating $59,832 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 $102,507. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0389",
  "report_date": "2025-06-21",
  "property_address": "7153 Melissa Spring Apt. 435, Harrisside, Massachusetts 06353",
  "due_diligence_lead": "Ward-Mccullough",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 196763,
    "year_built": 1983,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Team discuss test particularly purpose her half student forget receive star nature near opportunity stop road realize agree."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Include serve well page development account into stuff town gun much establish.",
          "estimated_repair_cost": 59900
        }
      ]
    },
    "lot_size_acres": 67.82
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 143892
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-12-28"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Always entire score indeed father note others little pass none next product stock choose must stuff student edge school attention treat heart reach.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Describe weight case some itself film game open though require we have door.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Matter modern list base return mind little senior blue recognize good everybody interesting.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 High-Density Residential",
    "permitted_uses": [
      "capital",
      "account",
      "worry",
      "process",
      "people"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Patrick and Sons",
        "lease_start_date": "2020-10-25",
        "lease_end_date": "2031-04-23",
        "monthly_rent": 59832,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Richards, Smith and Smith",
        "lease_start_date": "2023-09-12",
        "lease_end_date": "2029-01-13",
        "monthly_rent": 11910,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 102507
  }
}