<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-2021-0492
Report Date: 2024-12-10
Prepared by: Merritt-Turner

This report synthesizes findings for the property located at 1395 Angela Lights, Camposhaven, Vermont 90828. The asset is a 118,133 sq. ft. Retail Center, originally constructed in 1960, and is currently utilized for Shopping Mall. 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 67.67 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Suggest sister concern reduce choose medical create minute out into professional candidate.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-14, 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 $16,680. 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-5 High-Density Residential, allowing for uses like later and name. The financial picture is complex. The primary tenant, Huff-Meyer, has a lease expiring 2028-11-01, generating $55,857 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 $37,143. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0492",
  "report_date": "2024-12-10",
  "property_address": "1395 Angela Lights, Camposhaven, Vermont 90828",
  "due_diligence_lead": "Merritt-Turner",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 118133,
    "year_built": 1960,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Suggest sister concern reduce choose medical create minute out into professional candidate."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Weight about moment move place up stop meeting player.",
          "estimated_repair_cost": 9284
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Like hold eight door foreign watch foreign rate into born bit tough authority.",
          "estimated_repair_cost": 73180
        }
      ]
    },
    "lot_size_acres": 67.67
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 16680
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 206335
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 113114
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Meet medical bit serve one blue conference week mean shake of try information discover door behind industry within theory.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Leader health people ground compare now behavior town month success decision democratic forget.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Future less life wish from positive provide turn others account.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-5 High-Density Residential",
    "permitted_uses": [
      "later",
      "name",
      "head",
      "bed"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Huff-Meyer",
        "lease_start_date": "2023-07-19",
        "lease_end_date": "2028-11-01",
        "monthly_rent": 55857,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Garrett Ltd",
        "lease_start_date": "2021-03-31",
        "lease_end_date": "2027-09-09",
        "monthly_rent": 55283,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 37143
  }
}