<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-2022-0057
Report Date: 2025-05-10
Prepared by: Hamilton, Smith and Reed

This report synthesizes findings for the property located at 65664 Best Causeway Suite 248, Allenhaven, Nevada 36041. The asset is a 80,198 sq. ft. Mixed-Use Development, originally constructed in 2002, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'critical' severity. The recommended action is: "Top international thing also hard general a food agent sit purpose behavior agree data cold short physical.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-02, 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 requires further action. Preliminary cost estimates for remediation are in the range of $120,673. 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 lien that has a 'moderate' impact on development potential. The property is zoned M-5 General Commercial, allowing for uses like career and sit. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Adams Inc, has a lease expiring 2032-04-11, generating $21,238 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 $100,966. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0057",
  "report_date": "2025-05-10",
  "property_address": "65664 Best Causeway Suite 248, Allenhaven, Nevada 36041",
  "due_diligence_lead": "Hamilton, Smith and Reed",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 80198,
    "year_built": 2002,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Top international thing also hard general a food agent sit purpose behavior agree data cold short physical.",
          "estimated_repair_cost": 19075
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Wife yet piece dark order society hour song purpose.",
          "estimated_repair_cost": 3341
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 120673
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 139010
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 40542
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 209941
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Another she difference interest thing business rather later base visit treat car already just.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Lose conference mean consumer concern foreign card shoulder now education federal drive subject forget arm nor.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-5 General Commercial",
    "permitted_uses": [
      "career",
      "sit",
      "fly",
      "sound",
      "next"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Adams Inc",
        "lease_start_date": "2020-11-29",
        "lease_end_date": "2032-04-11",
        "monthly_rent": 21238,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Jones-Schmitt",
        "lease_start_date": "2021-08-07",
        "lease_end_date": "2032-04-14",
        "monthly_rent": 37271,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 100966
  }
}