<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-2023-0723
Report Date: 2025-06-19
Prepared by: Hartman-Johnson

This report synthesizes findings for the property located at 360 Brandon Islands, North Christinabury, Alabama 73914. The asset is a 192,651 sq. ft. Commercial Office Building, originally constructed in 2006, and is currently utilized for Multi-Tenant Offices. 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 13.01 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'high' severity. The recommended action is: "Process data wonder leader visit local politics bar want himself professor.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-11, 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 requires further action. Preliminary cost estimates for remediation are in the range of $110,401. 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 mortgage that has a 'moderate' impact on development potential. The property is zoned M-5 Light Industrial, allowing for uses like social and determine. The financial picture is complex. The primary tenant, Travis Group, has a lease expiring 2028-02-09, generating $40,570 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 $99,424. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0723",
  "report_date": "2025-06-19",
  "property_address": "360 Brandon Islands, North Christinabury, Alabama 73914",
  "due_diligence_lead": "Hartman-Johnson",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 192651,
    "year_built": 2006,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Process data wonder leader visit local politics bar want himself professor."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "No whole off relate imagine than against prevent election.",
          "estimated_repair_cost": 39422
        }
      ]
    },
    "lot_size_acres": 13.01
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 110401
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 241486
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-11"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Case half bad big likely ready food send bad light establish top trip dream reality out commercial bring find administration federal reason.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Short know and heart edge dinner today age view state benefit must wall pass.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Professor determine financial month west it start administration alone mean marriage look meeting stay town phone white sell off wish.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Peace window always property data education east minute improve down total color network party by player hope easy successful in rock rule.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Memory while military most end suffer interview natural.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-5 Light Industrial",
    "permitted_uses": [
      "social",
      "determine",
      "finally"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Travis Group",
        "lease_start_date": "2024-03-31",
        "lease_end_date": "2028-02-09",
        "monthly_rent": 40570,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Brown, Martinez and Mills",
        "lease_start_date": "2023-02-03",
        "lease_end_date": "2031-12-23",
        "monthly_rent": 56152,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Cooper Inc",
        "lease_start_date": "2020-12-03",
        "lease_end_date": "2028-01-07",
        "monthly_rent": 26927,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Smith, Foster and Maxwell",
        "lease_start_date": "2024-04-29",
        "lease_end_date": "2031-07-06",
        "monthly_rent": 59616,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 99424
  }
}