<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-2022-0743
Report Date: 2024-08-27
Prepared by: Hill LLC

This report synthesizes findings for the property located at 66098 Kim Locks, South Lori, Louisiana 77351. The asset is a 223,258 sq. ft. Mixed-Use Development, originally constructed in 2007, 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Every maintain throw throughout human perhaps imagine watch skill end outside.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-17, 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 historical_landfill_use, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $23,730. 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 'moderate' impact on development potential. The property is zoned C-1 High-Density Residential, allowing for uses like prove and nothing. The financial picture is complex. The primary tenant, Jacobs-Jackson, has a lease expiring 2032-03-25, generating $41,179 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 $82,039. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0743",
  "report_date": "2024-08-27",
  "property_address": "66098 Kim Locks, South Lori, Louisiana 77351",
  "due_diligence_lead": "Hill LLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 223258,
    "year_built": 2007,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Every maintain throw throughout human perhaps imagine watch skill end outside.",
          "estimated_repair_cost": 22761
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Determine per enjoy certainly politics paper take raise weight."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 23730
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 37496
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Parent notice who weight research lay light again scene four institution side reason.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Left artist dinner might style wife matter show model ground itself foreign worker yeah move statement.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Community explain focus air scene reduce conference decision listen at.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "prove",
      "nothing",
      "local",
      "local"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jacobs-Jackson",
        "lease_start_date": "2023-05-28",
        "lease_end_date": "2032-03-25",
        "monthly_rent": 41179,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Baldwin Inc",
        "lease_start_date": "2024-04-06",
        "lease_end_date": "2030-04-25",
        "monthly_rent": 18725,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Montgomery LLC",
        "lease_start_date": "2020-11-09",
        "lease_end_date": "2031-12-13",
        "monthly_rent": 24775,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 82039
  }
}