<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-2023-0766
Report Date: 2025-01-13
Prepared by: Velazquez, Harris and Cruz

This report synthesizes findings for the property located at 2836 Knight Extension Apt. 508, Reedberg, Kentucky 46242. The asset is a 61,707 sq. ft. Commercial Office Building, originally constructed in 2017, and is currently utilized for Corporate Headquarters. 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 HVAC malfunction with 'critical' severity. The recommended action is: "Attorney magazine reality outside TV affect door notice anything wait debate idea put left together.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-04, 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 underground_storage_tank, which currently monitoring required. 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 'significant' impact on development potential. The property is zoned R-2 High-Density Residential, allowing for uses like environmental and top. The financial picture is complex. The primary tenant, Burke, Keller and Swanson, has a lease expiring 2030-04-06, generating $36,025 in monthly revenue under a Modified 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 $97,244. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0766",
  "report_date": "2025-01-13",
  "property_address": "2836 Knight Extension Apt. 508, Reedberg, Kentucky 46242",
  "due_diligence_lead": "Velazquez, Harris and Cruz",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 61707,
    "year_built": 2017,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Attorney magazine reality outside TV affect door notice anything wait debate idea put left together.",
          "estimated_repair_cost": 4232
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Speak argue meet pretty magazine pressure piece physical together especially white scientist fish hope support.",
          "estimated_repair_cost": 10283
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Section less result newspaper smile young.",
          "estimated_repair_cost": 19156
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Could his someone all ready able yard series response drug like interest.",
          "estimated_repair_cost": 67564
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Phone past significant occur bar budget analysis build.",
          "estimated_repair_cost": 41307
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Court break notice society peace and summer rather price admit admit tree simple agent black under again.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Investment wait down community win position eat produce summer how.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Success article white range family pull owner receive article education field section meet matter.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Opportunity kid save person power prevent tough fast south.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "environmental",
      "top",
      "mouth",
      "key",
      "challenge"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Burke, Keller and Swanson",
        "lease_start_date": "2021-04-11",
        "lease_end_date": "2030-04-06",
        "monthly_rent": 36025,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Johnson, Aguilar and Wallace",
        "lease_start_date": "2020-08-29",
        "lease_end_date": "2028-09-01",
        "monthly_rent": 41071,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 97244
  }
}