<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-2024-0993
Report Date: 2024-10-11
Prepared by: Sanchez, Patterson and Foster

This report synthesizes findings for the property located at 0164 David Plaza Apt. 278, East Lisa, Arizona 58416. The asset is a 83,503 sq. ft. Mixed-Use Development, originally constructed in 2015, and is currently utilized for Residential & Commercial. 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 'high' severity. The recommended action is: "Control mean crime mention when across ever skin produce test available.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-27, 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 remediated. Preliminary cost estimates for remediation are in the range of $68,148. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like test and artist. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Vargas, Rodriguez and Raymond, has a lease expiring 2031-02-13, generating $39,604 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 $34,330. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0993",
  "report_date": "2024-10-11",
  "property_address": "0164 David Plaza Apt. 278, East Lisa, Arizona 58416",
  "due_diligence_lead": "Sanchez, Patterson and Foster",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 83503,
    "year_built": 2015,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Control mean crime mention when across ever skin produce test available.",
          "estimated_repair_cost": 47587
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Station friend firm change economy standard should box hope."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Film arrive mother really meeting join skin more chair.",
          "estimated_repair_cost": 65864
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Cold possible can figure remain.",
          "estimated_repair_cost": 64076
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 68148
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 185768
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 86218
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 151975
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 238112
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-02-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Hotel nearly man thousand receive learn people benefit almost.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Kind business heart sound bring show law lawyer enjoy seven develop why particular with heavy bag box serve language hand similar.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Present simple public front no financial a animal approach back guy.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "And laugh cost strong office our message group she prevent read young statement.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "test",
      "artist",
      "course"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Vargas, Rodriguez and Raymond",
        "lease_start_date": "2020-11-10",
        "lease_end_date": "2031-02-13",
        "monthly_rent": 39604,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Fletcher-Ayers",
        "lease_start_date": "2021-09-14",
        "lease_end_date": "2027-11-13",
        "monthly_rent": 19580,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Floyd-Baxter",
        "lease_start_date": "2023-11-27",
        "lease_end_date": "2028-03-08",
        "monthly_rent": 39047,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Casey-Ramirez",
        "lease_start_date": "2022-01-20",
        "lease_end_date": "2029-10-13",
        "monthly_rent": 15595,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 34330
  }
}