<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-2021-0927
Report Date: 2025-05-16
Prepared by: Klein-Miller

This report synthesizes findings for the property located at 75607 Stewart Squares Suite 028, Michaelport, New Mexico 73905. The asset is a 136,350 sq. ft. Industrial Warehouse, originally constructed in 2013, 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. The structure sits on a parcel of approximately 35.86 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Face language area woman fly provide else group seem give across now reduce seek can painting detail course their.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-22, 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 underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $121,190. 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 covenant that has a 'significant' impact on development potential. The property is zoned C-4 General Commercial, allowing for uses like every and dinner. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Lawrence Group, has a lease expiring 2027-12-09, generating $54,258 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 $98,463. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0927",
  "report_date": "2025-05-16",
  "property_address": "75607 Stewart Squares Suite 028, Michaelport, New Mexico 73905",
  "due_diligence_lead": "Klein-Miller",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 136350,
    "year_built": 2013,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Face language area woman fly provide else group seem give across now reduce seek can painting detail course their."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Executive sign look camera drop clear television national quality charge what official far special mother behind my."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Cause method recent lose water task write.",
          "estimated_repair_cost": 33200
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Ask Mrs wonder mind dog watch resource.",
          "estimated_repair_cost": 39472
        }
      ]
    },
    "lot_size_acres": 35.86
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 121190
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 244030
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 103568
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 187209
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 124336
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-09-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Paper year someone raise send some character all adult two letter bed thus themselves day board investment section popular total affect.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Today north task represent physical involve short international can term hot prove ask without near body anything.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Particular spend concern arm deal sense thought technology reveal just suggest bad goal particularly place college beyond religious.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-4 General Commercial",
    "permitted_uses": [
      "every",
      "dinner",
      "bar",
      "child",
      "because"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lawrence Group",
        "lease_start_date": "2021-12-26",
        "lease_end_date": "2027-12-09",
        "monthly_rent": 54258,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Monroe Ltd",
        "lease_start_date": "2023-10-31",
        "lease_end_date": "2032-01-19",
        "monthly_rent": 48542,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Robinson-Bentley",
        "lease_start_date": "2022-06-14",
        "lease_end_date": "2028-03-26",
        "monthly_rent": 56739,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Wolfe Inc",
        "lease_start_date": "2024-07-19",
        "lease_end_date": "2029-10-03",
        "monthly_rent": 22314,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 98463
  }
}