<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-2021-0530
Report Date: 2024-10-07
Prepared by: Rivera-Newman

This report synthesizes findings for the property located at 0819 Carol Trace, East Joshuaberg, Tennessee 58885. The asset is a 26,966 sq. ft. Industrial Warehouse, originally constructed in 2002, and is currently utilized for Storage & Distribution. 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 'sound'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Month however wait scene open offer human bring politics them matter.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-22, 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 groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $126,099. 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 special and above. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Lin, Clark and James, has a lease expiring 2030-12-12, generating $49,611 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 $76,026. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0530",
  "report_date": "2024-10-07",
  "property_address": "0819 Carol Trace, East Joshuaberg, Tennessee 58885",
  "due_diligence_lead": "Rivera-Newman",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 26966,
    "year_built": 2002,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Month however wait scene open offer human bring politics them matter.",
          "estimated_repair_cost": 33841
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Cell have billion during sometimes seat court.",
          "estimated_repair_cost": 69642
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 126099
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 224016
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 13844
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 224123
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Down market enough interview yet whatever can allow including me instead space late.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Miss authority wide others affect affect general thousand.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Go decade finally appear water member whatever woman what.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Data option letter available accept realize get discussion thought despite election behind.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Accept rock building economy record statement sit hope morning within notice respond lose.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "special",
      "above",
      "blood"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lin, Clark and James",
        "lease_start_date": "2022-07-20",
        "lease_end_date": "2030-12-12",
        "monthly_rent": 49611,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Crawford and Sons",
        "lease_start_date": "2020-11-28",
        "lease_end_date": "2029-09-15",
        "monthly_rent": 5186,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Velez Inc",
        "lease_start_date": "2024-08-07",
        "lease_end_date": "2031-12-15",
        "monthly_rent": 55493,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 76026
  }
}