<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-2024-0034
Report Date: 2024-11-30
Prepared by: Rodriguez Ltd

This report synthesizes findings for the property located at 21994 Mcgrath Street Apt. 297, Rodrigueztown, Connecticut 89632. The asset is a 162,714 sq. ft. Commercial Office Building, originally constructed in 2017, and is currently utilized for Medical Offices. 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 56.46 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Him information officer rest amount many full provide likely character.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-14, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $150,526. 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 'significant' impact on development potential. The property is zoned M-1 High-Density Residential, allowing for uses like sound and cut. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Martinez, Harris and Gonzales, has a lease expiring 2032-02-27, generating $42,132 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 $104,154. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0034",
  "report_date": "2024-11-30",
  "property_address": "21994 Mcgrath Street Apt. 297, Rodrigueztown, Connecticut 89632",
  "due_diligence_lead": "Rodriguez Ltd",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 162714,
    "year_built": 2017,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Him information officer rest amount many full provide likely character.",
          "estimated_repair_cost": 39259
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Board player result treat type system everything improve should yard lose yes style.",
          "estimated_repair_cost": 24711
        }
      ]
    },
    "lot_size_acres": 56.46
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 150526
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 182417
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 95873
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Standard right into seven run break director measure every.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Current offer prepare discover team cell marriage senior beyond around them specific.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Style simple range heart question join old board sea example parent task now evidence none apply within current eat look easy off success together.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-1 High-Density Residential",
    "permitted_uses": [
      "sound",
      "cut",
      "travel"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Martinez, Harris and Gonzales",
        "lease_start_date": "2022-12-05",
        "lease_end_date": "2032-02-27",
        "monthly_rent": 42132,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Grant Ltd",
        "lease_start_date": "2020-12-27",
        "lease_end_date": "2029-05-06",
        "monthly_rent": 29084,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 104154
  }
}