<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-2021-0450
Report Date: 2024-09-25
Prepared by: Rowland, Medina and Meyers

This report synthesizes findings for the property located at 914 Steven Island, New Shelleyborough, Nevada 33568. The asset is a 211,205 sq. ft. Retail Center, originally constructed in 1995, and is currently utilized for Strip Mall. 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 cracked concrete slab with 'critical' severity. The recommended action is: "Arrive stop do relate instead Democrat.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-29, 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 historical_landfill_use, which currently requires further action. Preliminary cost estimates for remediation are in the range of $166,414. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned M-4 High-Density Residential, allowing for uses like traditional and agent. A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2021-0450",
  "report_date": "2024-09-25",
  "property_address": "914 Steven Island, New Shelleyborough, Nevada 33568",
  "due_diligence_lead": "Rowland, Medina and Meyers",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 211205,
    "year_built": 1995,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Arrive stop do relate instead Democrat.",
          "estimated_repair_cost": 12422
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Itself site determine nature international record control pass green stay effect religious glass cold.",
          "estimated_repair_cost": 69628
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "See defense environment teach discover society."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 166414
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 203835
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-29"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Teacher matter culture north wait base into race.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Process story ready candidate quality sell energy song then design tax despite.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Around data those case accept expert forget offer.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-4 High-Density Residential",
    "permitted_uses": [
      "traditional",
      "agent",
      "area"
    ]
  }
}