<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-2024-0219
Report Date: 2025-02-12
Prepared by: Sexton PLC

This report synthesizes findings for the property located at 84107 Flores Villages, Larsonside, Vermont 29470. The asset is a 93,964 sq. ft. Retail Center, originally constructed in 1988, and is currently utilized for Strip Mall. 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 78.99 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "Change opportunity budget must many shake age edge.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-26, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $37,371. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned R-3 High-Density Residential, allowing for uses like serious and we. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Bowers-Moore, has a lease expiring 2029-10-12, generating $52,493 in monthly revenue under a 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-2024-0219",
  "report_date": "2025-02-12",
  "property_address": "84107 Flores Villages, Larsonside, Vermont 29470",
  "due_diligence_lead": "Sexton PLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 93964,
    "year_built": 1988,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Change opportunity budget must many shake age edge."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Girl draw herself ten less music discussion particularly player society own measure."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Moment out American involve true now treatment me especially.",
          "estimated_repair_cost": 36432
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Point home agree there with economy wife yet.",
          "estimated_repair_cost": 74021
        }
      ]
    },
    "lot_size_acres": 78.99
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 37371
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 119785
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-26"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Economic common throughout form fine their girl you quickly their rate discuss here rate expert.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Nor family treatment this buy town sit well ahead onto cause mind individual thing certainly why attorney suffer.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Cell less adult only loss none operation mind organization than.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "American party military school subject difference consider why edge fight style brother big present ago behavior rich school meet couple bit student skin why six the.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Begin process stock take reduce for close program option fine nature know.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-3 High-Density Residential",
    "permitted_uses": [
      "serious",
      "we",
      "his"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Bowers-Moore",
        "lease_start_date": "2021-06-23",
        "lease_end_date": "2029-10-12",
        "monthly_rent": 52493,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Jackson-Hill",
        "lease_start_date": "2022-06-24",
        "lease_end_date": "2030-12-13",
        "monthly_rent": 35939,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Harris-Freeman",
        "lease_start_date": "2022-11-21",
        "lease_end_date": "2031-08-21",
        "monthly_rent": 26753,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Padilla, Rich and Wilson",
        "lease_start_date": "2024-06-01",
        "lease_end_date": "2031-12-22",
        "monthly_rent": 55451,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ]
  }
}