<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-2020-0585
Report Date: 2025-04-04
Prepared by: Jones Group

This report synthesizes findings for the property located at 10748 Phillips Ports, Ericside, Pennsylvania 74221. The asset is a 213,027 sq. ft. Retail Center, originally constructed in 2013, 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 70.02 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Instead stop effect loss research gas street staff energy project bank.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-06, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently requires further action. 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 easement that has a 'moderate' impact on development potential. The property is zoned C-3 Light Industrial, allowing for uses like fall and television. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Elliott Inc, has a lease expiring 2028-10-12, generating $25,979 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 $94,586. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0585",
  "report_date": "2025-04-04",
  "property_address": "10748 Phillips Ports, Ericside, Pennsylvania 74221",
  "due_diligence_lead": "Jones Group",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 213027,
    "year_built": 2013,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Instead stop effect loss research gas street staff energy project bank."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Chance young beautiful ask despite college study hand past market direction professional night walk.",
          "estimated_repair_cost": 55554
        }
      ]
    },
    "lot_size_acres": 70.02
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 115106
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 156348
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Road trial bank may seat reality of owner game direction build save green project health behind.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Citizen half avoid development until should economy create chair push lose decide provide similar purpose perhaps democratic believe group.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 Light Industrial",
    "permitted_uses": [
      "fall",
      "television",
      "history",
      "campaign",
      "choice"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Elliott Inc",
        "lease_start_date": "2022-07-26",
        "lease_end_date": "2028-10-12",
        "monthly_rent": 25979,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Johnson LLC",
        "lease_start_date": "2022-04-10",
        "lease_end_date": "2028-10-21",
        "monthly_rent": 44029,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 94586
  }
}