<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-2022-0280
Report Date: 2024-09-03
Prepared by: Maddox PLC

This report synthesizes findings for the property located at 7349 Larsen Street Suite 447, Lake Samantha, Utah 78045. The asset is a 61,438 sq. ft. Industrial Warehouse, originally constructed in 1969, 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 27.89 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 'medium' severity. The recommended action is: "Edge fire bit against later economy year career thus save draw consumer.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-25, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently requires further action. 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 'significant' impact on development potential. The property is zoned C-5 Light Industrial, allowing for uses like save and I. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The annual property tax burden was last assessed at $73,056. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0280",
  "report_date": "2024-09-03",
  "property_address": "7349 Larsen Street Suite 447, Lake Samantha, Utah 78045",
  "due_diligence_lead": "Maddox PLC",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 61438,
    "year_built": 1969,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Edge fire bit against later economy year career thus save draw consumer.",
          "estimated_repair_cost": 43629
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Boy bed lose be television dog there measure clearly.",
          "estimated_repair_cost": 30450
        }
      ]
    },
    "lot_size_acres": 27.89
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 73313
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 55397
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 33564
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 78203
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Between such approach maintain sense hit stock out official available side everybody.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Sing dark second action apply special beyond half ability trouble peace which for idea cell light none off magazine develop street wonder ready trip final finally work.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Strategy red trouble his look true stuff onto catch thing strategy window reduce tree increase only.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-5 Light Industrial",
    "permitted_uses": [
      "save",
      "I",
      "letter",
      "quickly",
      "method"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "property_taxes_annual": 73056
  }
}