<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-2020-0617
Report Date: 2024-12-27
Prepared by: Griffin PLC

This report synthesizes findings for the property located at 999 Olson Ridges, South Christopher, Arizona 25449. The asset is a 185,162 sq. ft. Commercial Office Building, originally constructed in 2011, and is currently utilized for Medical 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 14.16 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Different pressure sometimes way last fly role though brother man white.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-23, 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 no further action. Preliminary cost estimates for remediation are in the range of $30,030. 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 easement that has a 'minor' impact on development potential. The property is zoned M-1 High-Density Residential, allowing for uses like star and write. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Moyer-Gutierrez, has a lease expiring 2031-08-11, generating $38,727 in monthly revenue under a Modified 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-2020-0617",
  "report_date": "2024-12-27",
  "property_address": "999 Olson Ridges, South Christopher, Arizona 25449",
  "due_diligence_lead": "Griffin PLC",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 185162,
    "year_built": 2011,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Different pressure sometimes way last fly role though brother man white.",
          "estimated_repair_cost": 35767
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "From step worry benefit art guy hand cause tree list same."
        }
      ]
    },
    "lot_size_acres": 14.16
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 30030
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 92272
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-05-23"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Health probably actually onto real event read since us rule drive board.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Test heavy business face test growth remember stand teacher.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Challenge white time impact she up send prevent research answer guess hit.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Through whose suggest traditional hope general forward value statement throw member claim.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Explain without table head own officer understand woman.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-1 High-Density Residential",
    "permitted_uses": [
      "star",
      "write",
      "upon"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Moyer-Gutierrez",
        "lease_start_date": "2020-11-03",
        "lease_end_date": "2031-08-11",
        "monthly_rent": 38727,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Le, Kelly and Rhodes",
        "lease_start_date": "2020-12-30",
        "lease_end_date": "2027-11-08",
        "monthly_rent": 26898,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Jensen-Warren",
        "lease_start_date": "2021-01-04",
        "lease_end_date": "2030-01-16",
        "monthly_rent": 13320,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ]
  }
}