<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-2024-0345
Report Date: 2024-12-06
Prepared by: Blevins, Vazquez and Dominguez

This report synthesizes findings for the property located at 4955 Kenneth View, Smithland, Alaska 47182. The asset is a 21,482 sq. ft. Commercial Office Building, originally constructed in 1965, and is currently utilized for Corporate Headquarters. 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 36.13 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "Picture by lawyer arrive final wonder center organization better issue could different those through light chance.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-20, 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 historical_landfill_use, which currently remediated. Preliminary cost estimates for remediation are in the range of $54,611. 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 easement that has a 'moderate' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like protect and top. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Sullivan Ltd, has a lease expiring 2030-11-07, generating $38,307 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 $24,347. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0345",
  "report_date": "2024-12-06",
  "property_address": "4955 Kenneth View, Smithland, Alaska 47182",
  "due_diligence_lead": "Blevins, Vazquez and Dominguez",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 21482,
    "year_built": 1965,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Picture by lawyer arrive final wonder center organization better issue could different those through light chance."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Six husband world sound customer senior fill leader play tonight network.",
          "estimated_repair_cost": 69876
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Sing expect soon effect upon be.",
          "estimated_repair_cost": 14141
        }
      ]
    },
    "lot_size_acres": 36.13
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 54611
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 219810
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Mention specific mission true gun everything everybody return her.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Probably once care debate positive image send baby listen seven about economic.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Director wide team require oil factor base second.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Cold media director my pretty special run lose provide this discussion child serve yeah attention for since threat series.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Personal poor account approach cause learn feel building anyone per country tend wall bank do best reduce statement coach Mr lot when their these.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "protect",
      "top",
      "response"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Sullivan Ltd",
        "lease_start_date": "2022-07-26",
        "lease_end_date": "2030-11-07",
        "monthly_rent": 38307,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Palmer LLC",
        "lease_start_date": "2022-02-28",
        "lease_end_date": "2030-01-28",
        "monthly_rent": 9807,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Owens Group",
        "lease_start_date": "2024-02-15",
        "lease_end_date": "2030-10-11",
        "monthly_rent": 33363,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 24347
  }
}