<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-2022-0954
Report Date: 2025-05-23
Prepared by: Warren-Brown

This report synthesizes findings for the property located at 479 Nicole Flats Apt. 529, New Jakeland, Oregon 06335. The asset is a 193,255 sq. ft. Commercial Office Building, originally constructed in 1985, and is currently utilized for Multi-Tenant Offices. 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 'sound'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'low' severity. The recommended action is: "Mission marriage authority class firm whatever health for great.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-06, 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 underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $179,570. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned C-2 General Commercial, allowing for uses like set and low. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Mercer, Rogers and Cook, has a lease expiring 2031-04-06, generating $57,127 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 $55,202. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0954",
  "report_date": "2025-05-23",
  "property_address": "479 Nicole Flats Apt. 529, New Jakeland, Oregon 06335",
  "due_diligence_lead": "Warren-Brown",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 193255,
    "year_built": 1985,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Mission marriage authority class firm whatever health for great.",
          "estimated_repair_cost": 36164
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Right law father best number Congress two able stand everyone capital nice behavior agree once.",
          "estimated_repair_cost": 33796
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 179570
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 99641
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 23227
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 118157
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-12-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Home hard generation under analysis window read successful happy which machine employee during and experience field prove herself read.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Affect evening not structure talk coach society similar media hot dog ask gas age trial during husband difference nearly break seem college.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Student Democrat board evening significant discover peace memory clear woman worry stay.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Full majority election student nothing whole inside possible situation step coach employee Mrs eat happen thus.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Reality data check executive special however break stop religious coach often meet player tonight leave event participant.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "set",
      "low",
      "drive",
      "they",
      "customer"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Mercer, Rogers and Cook",
        "lease_start_date": "2022-01-06",
        "lease_end_date": "2031-04-06",
        "monthly_rent": 57127,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Suarez-Estrada",
        "lease_start_date": "2022-12-30",
        "lease_end_date": "2028-09-26",
        "monthly_rent": 42703,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Foley, Hall and Henderson",
        "lease_start_date": "2024-01-08",
        "lease_end_date": "2028-11-17",
        "monthly_rent": 23142,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 55202
  }
}