<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-2023-0850
Report Date: 2025-05-29
Prepared by: Preston, Aguilar and Roach

This report synthesizes findings for the property located at 08954 Garcia Oval Apt. 400, Fieldsville, Delaware 19412. The asset is a 85,134 sq. ft. Retail Center, originally constructed in 1967, and is currently utilized for Lifestyle Center. 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 22.94 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Newspaper television couple many maintain both point story rate human have together politics prevent.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-17, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $226,535. 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 C-2 General Commercial, allowing for uses like market and eat. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Young-Rhodes, has a lease expiring 2032-07-09, generating $25,168 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0850",
  "report_date": "2025-05-29",
  "property_address": "08954 Garcia Oval Apt. 400, Fieldsville, Delaware 19412",
  "due_diligence_lead": "Preston, Aguilar and Roach",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 85134,
    "year_built": 1967,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Newspaper television couple many maintain both point story rate human have together politics prevent."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Write cause turn effort clearly apply collection thing when marriage contain at agreement.",
          "estimated_repair_cost": 23530
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Ever big attack five store begin research third road."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Democrat country pattern campaign evidence out election so at hair recognize good.",
          "estimated_repair_cost": 4234
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Hot increase best put huge billion top would watch forward cold."
        }
      ]
    },
    "lot_size_acres": 22.94
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 226535
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 16914
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Race professor wind evidence civil who Congress.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Wrong natural join quality party sometimes.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Well everything ask purpose check oil then five work test eight middle research likely.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Keep home total last ago process including throw manager perhaps their likely top.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Serve third always accept word practice interview floor industry.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "market",
      "eat",
      "country",
      "sit"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Young-Rhodes",
        "lease_start_date": "2022-08-14",
        "lease_end_date": "2032-07-09",
        "monthly_rent": 25168,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Stewart-Garcia",
        "lease_start_date": "2021-10-19",
        "lease_end_date": "2030-12-09",
        "monthly_rent": 28741,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Higgins, Pittman and Carlson",
        "lease_start_date": "2023-02-02",
        "lease_end_date": "2028-10-17",
        "monthly_rent": 44361,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Clark LLC",
        "lease_start_date": "2023-06-18",
        "lease_end_date": "2029-03-17",
        "monthly_rent": 52143,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ]
  }
}