<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-2024-0735
Report Date: 2025-05-15
Prepared by: Cooper-Mueller

This report synthesizes findings for the property located at 3184 Clark Bypass, Dianamouth, Michigan 12452. The asset is a 129,520 sq. ft. Industrial Warehouse, originally constructed in 1998, and is currently utilized for Light Manufacturing. 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 60.92 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Detail old consider so during job herself space former appear.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-17, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $206,108. 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 'minor' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like responsibility and if. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Mcintosh Ltd, has a lease expiring 2030-03-28, generating $45,421 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 $48,751. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0735",
  "report_date": "2025-05-15",
  "property_address": "3184 Clark Bypass, Dianamouth, Michigan 12452",
  "due_diligence_lead": "Cooper-Mueller",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 129520,
    "year_built": 1998,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Detail old consider so during job herself space former appear.",
          "estimated_repair_cost": 29923
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Together hundred just season for hour authority care above move certainly general cell despite build face something power.",
          "estimated_repair_cost": 39790
        }
      ]
    },
    "lot_size_acres": 60.92
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 206108
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 62184
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-02-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Where accept put know act detail start.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Interesting than reflect computer mission hospital car than little than direction seem.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "responsibility",
      "if",
      "few"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Mcintosh Ltd",
        "lease_start_date": "2024-03-28",
        "lease_end_date": "2030-03-28",
        "monthly_rent": 45421,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Reynolds LLC",
        "lease_start_date": "2023-01-07",
        "lease_end_date": "2031-12-05",
        "monthly_rent": 16313,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wilson LLC",
        "lease_start_date": "2021-03-27",
        "lease_end_date": "2031-03-18",
        "monthly_rent": 29062,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Schroeder LLC",
        "lease_start_date": "2020-09-22",
        "lease_end_date": "2027-11-25",
        "monthly_rent": 28380,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 48751
  }
}