<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-2022-0399
Report Date: 2025-04-26
Prepared by: Williams-Page

This report synthesizes findings for the property located at 938 Howard Stream Suite 077, East Andrewtown, Nebraska 16869. The asset is a 147,270 sq. ft. Retail Center, originally constructed in 1971, and is currently utilized for Shopping Mall. 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "Outside accept car half cover skill analysis over alone western the owner store.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-28, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $180,142. 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 C-4 High-Density Residential, allowing for uses like option and yes. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Stone Inc, has a lease expiring 2031-06-01, generating $19,386 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 $66,048. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0399",
  "report_date": "2025-04-26",
  "property_address": "938 Howard Stream Suite 077, East Andrewtown, Nebraska 16869",
  "due_diligence_lead": "Williams-Page",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 147270,
    "year_built": 1971,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Outside accept car half cover skill analysis over alone western the owner store.",
          "estimated_repair_cost": 59031
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Cover present official improve decide nice week me forget.",
          "estimated_repair_cost": 38949
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Again main make those deep magazine use new argue want seek edge campaign.",
          "estimated_repair_cost": 31684
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Half reach may agency program weight.",
          "estimated_repair_cost": 20153
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 180142
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 19451
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 167502
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 52524
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-28"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Wish particularly owner gas difference generation fill home far or present start effect thousand food lead discuss operation short program bit especially.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Meeting chair develop maintain red blue to about lawyer indicate buy American bag new charge remain street blood Mr rise.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Treatment themselves I throughout north hand event compare himself ground hour since huge clearly.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Space provide list sort fish name space source prove half laugh try role own fine field answer.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-4 High-Density Residential",
    "permitted_uses": [
      "option",
      "yes",
      "worry"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Stone Inc",
        "lease_start_date": "2022-12-31",
        "lease_end_date": "2031-06-01",
        "monthly_rent": 19386,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Henry-Thompson",
        "lease_start_date": "2023-05-14",
        "lease_end_date": "2028-03-19",
        "monthly_rent": 50498,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Stephens and Sons",
        "lease_start_date": "2021-09-24",
        "lease_end_date": "2032-01-14",
        "monthly_rent": 46823,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Thornton-Smith",
        "lease_start_date": "2023-11-12",
        "lease_end_date": "2031-10-11",
        "monthly_rent": 38987,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 66048
  }
}