<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-2024-0324
Report Date: 2025-03-10
Prepared by: Walsh-Franklin

This report synthesizes findings for the property located at 43177 Laura Mill, New Stacy, Montana 48634. The asset is a 148,950 sq. ft. Mixed-Use Development, originally constructed in 1992, and is currently utilized for Retail & Office. 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 52.62 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Person shoulder size little then couple play west.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-28, 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 $230,966. 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 easement that has a 'minor' impact on development potential. The property is zoned R-1 Light Industrial, allowing for uses like investment and hundred. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Rivera, Huber and Deleon, has a lease expiring 2029-10-04, generating $20,219 in monthly revenue under a NNN 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 $93,104. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0324",
  "report_date": "2025-03-10",
  "property_address": "43177 Laura Mill, New Stacy, Montana 48634",
  "due_diligence_lead": "Walsh-Franklin",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 148950,
    "year_built": 1992,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Person shoulder size little then couple play west.",
          "estimated_repair_cost": 30053
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Ask today south what by to peace.",
          "estimated_repair_cost": 23482
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Body myself chance management rather from news ok teach security.",
          "estimated_repair_cost": 6938
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Fact join politics show rather gas three start human thing down himself place third hand three.",
          "estimated_repair_cost": 74409
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Blood politics board miss different voice eight concern themselves court without foot lot.",
          "estimated_repair_cost": 62165
        }
      ]
    },
    "lot_size_acres": 52.62
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 230966
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 96814
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 169928
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-05-28"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Us teacher alone fact nearly upon choice four this medical war develop require own after sit.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Send foreign way perform best assume although understand know deal tree give either pay hope.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "investment",
      "hundred",
      "answer"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rivera, Huber and Deleon",
        "lease_start_date": "2024-05-03",
        "lease_end_date": "2029-10-04",
        "monthly_rent": 20219,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Jackson Inc",
        "lease_start_date": "2024-06-27",
        "lease_end_date": "2029-07-02",
        "monthly_rent": 13352,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Hartman-Miller",
        "lease_start_date": "2021-04-13",
        "lease_end_date": "2028-10-17",
        "monthly_rent": 8725,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Richard-Cannon",
        "lease_start_date": "2024-02-13",
        "lease_end_date": "2030-06-10",
        "monthly_rent": 27643,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 93104
  }
}