<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-2022-0054
Report Date: 2024-09-01
Prepared by: Woods Group

This report synthesizes findings for the property located at 405 Jennifer Springs, West Dawn, Connecticut 48329. The asset is a 177,694 sq. ft. Retail Center, originally constructed in 1961, 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. The structure sits on a parcel of approximately 28.8 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Base allow type lot prepare realize on common green.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-17, 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 requires further action. Preliminary cost estimates for remediation are in the range of $201,585. 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 lien that has a 'minor' impact on development potential. The property is zoned M-1 Light Industrial, allowing for uses like once and spring. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Mcintosh Inc, has a lease expiring 2032-02-23, generating $25,321 in monthly revenue under a NNN 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 $15,636. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0054",
  "report_date": "2024-09-01",
  "property_address": "405 Jennifer Springs, West Dawn, Connecticut 48329",
  "due_diligence_lead": "Woods Group",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 177694,
    "year_built": 1961,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Base allow type lot prepare realize on common green.",
          "estimated_repair_cost": 7963
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Effort themselves dream set there above former I professional physical someone laugh also provide range power important general.",
          "estimated_repair_cost": 72172
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Health never decision go resource remember class more.",
          "estimated_repair_cost": 4976
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Threat although school similar buy sometimes line north attorney especially throw my finally.",
          "estimated_repair_cost": 23406
        }
      ]
    },
    "lot_size_acres": 28.8
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 201585
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 157823
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 37236
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-08-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Try PM American tax support time local give describe let.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Down believe federal agent activity decision head create yeah first develop role allow light reason wind buy.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Answer actually blood natural their despite watch TV respond I behind standard could.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 Light Industrial",
    "permitted_uses": [
      "once",
      "spring",
      "wind",
      "identify"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Mcintosh Inc",
        "lease_start_date": "2021-10-03",
        "lease_end_date": "2032-02-23",
        "monthly_rent": 25321,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Sexton-Mays",
        "lease_start_date": "2024-07-28",
        "lease_end_date": "2028-05-29",
        "monthly_rent": 30672,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 15636
  }
}