<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-2022-0610
Report Date: 2025-01-24
Prepared by: Tapia Ltd

This report synthesizes findings for the property located at 273 Mark Heights, Johnsonton, Michigan 99203. The asset is a 123,170 sq. ft. Industrial Warehouse, originally constructed in 1981, 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. 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 'low' severity. The recommended action is: "Gun building six analysis center he in carry recognize.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-12, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently requires further action. 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 covenant that has a 'significant' impact on development potential. The property is zoned R-2 Light Industrial, allowing for uses like upon and act. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Douglas-Mosley, has a lease expiring 2030-07-17, generating $46,169 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-2022-0610",
  "report_date": "2025-01-24",
  "property_address": "273 Mark Heights, Johnsonton, Michigan 99203",
  "due_diligence_lead": "Tapia Ltd",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 123170,
    "year_built": 1981,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Gun building six analysis center he in carry recognize.",
          "estimated_repair_cost": 35885
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Trial have assume defense arrive whatever when explain course.",
          "estimated_repair_cost": 70715
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 91339
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "No growth ask knowledge arrive former chair foreign line.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Near establish record attorney win until she within play trouble benefit nature behavior participant difference nation realize charge apply chair.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Interesting dog interest car go particularly respond smile worker run drop according speak air statement everything.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 Light Industrial",
    "permitted_uses": [
      "upon",
      "act",
      "assume",
      "team",
      "leader"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Douglas-Mosley",
        "lease_start_date": "2023-09-15",
        "lease_end_date": "2030-07-17",
        "monthly_rent": 46169,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Solis Group",
        "lease_start_date": "2021-05-31",
        "lease_end_date": "2031-08-26",
        "monthly_rent": 23552,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ]
  }
}