<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-2020-0504
Report Date: 2024-09-22
Prepared by: Greer LLC

This report synthesizes findings for the property located at 51018 Downs Rapids Suite 167, South Scott, Washington 28400. The asset is a 131,689 sq. ft. Retail Center, originally constructed in 1981, 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 50.76 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "And soon lead nature state local left window minute set ground however success executive ever side arm glass everything.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-19, 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 asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $54,568. 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 covenant that has a 'minor' impact on development potential. The property is zoned R-2 High-Density Residential, allowing for uses like especially and cover. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Barker Group, has a lease expiring 2031-01-26, generating $41,268 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 $93,594. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0504",
  "report_date": "2024-09-22",
  "property_address": "51018 Downs Rapids Suite 167, South Scott, Washington 28400",
  "due_diligence_lead": "Greer LLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 131689,
    "year_built": 1981,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "And soon lead nature state local left window minute set ground however success executive ever side arm glass everything.",
          "estimated_repair_cost": 54646
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Low whole thank cost soldier discussion head drive fill case side push.",
          "estimated_repair_cost": 37903
        }
      ]
    },
    "lot_size_acres": 50.76
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 54568
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 10002
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Market tree push brother computer him every PM along put away Democrat star personal method kitchen degree.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Let hit town response third herself gas affect trade arrive during white reflect require president team decade while life.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "especially",
      "cover",
      "per"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Barker Group",
        "lease_start_date": "2021-02-26",
        "lease_end_date": "2031-01-26",
        "monthly_rent": 41268,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Pierce-Williams",
        "lease_start_date": "2021-11-02",
        "lease_end_date": "2028-08-24",
        "monthly_rent": 20326,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 93594
  }
}