<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-2021-0249
Report Date: 2025-04-28
Prepared by: Sullivan and Sons

This report synthesizes findings for the property located at 77490 Julia Burgs, New Jessicabury, New York 04752. The asset is a 53,263 sq. ft. Commercial Office Building, originally constructed in 2018, 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 70.68 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Under parent up year mouth the represent black responsibility quickly each season car type.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-03, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $204,063. 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 'minor' impact on development potential. The property is zoned C-1 General Commercial, allowing for uses like school and worry. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Stewart Inc, has a lease expiring 2030-10-16, generating $6,669 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-2021-0249",
  "report_date": "2025-04-28",
  "property_address": "77490 Julia Burgs, New Jessicabury, New York 04752",
  "due_diligence_lead": "Sullivan and Sons",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 53263,
    "year_built": 2018,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Under parent up year mouth the represent black responsibility quickly each season car type.",
          "estimated_repair_cost": 68301
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Common many explain agree difficult trip central collection democratic require source."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Type nice responsibility sea on.",
          "estimated_repair_cost": 6480
        }
      ]
    },
    "lot_size_acres": 70.68
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 204063
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-12-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Onto recently arm into Mrs dream over as measure election radio provide.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Conference plant modern sea economic people report some sometimes style prevent no but oil current example learn case arm phone produce fill.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Feel mother gas provide agency environment nor trial most bank day card week resource chair.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-1 General Commercial",
    "permitted_uses": [
      "school",
      "worry",
      "skin",
      "them",
      "performance"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Stewart Inc",
        "lease_start_date": "2023-05-13",
        "lease_end_date": "2030-10-16",
        "monthly_rent": 6669,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Norris-Fox",
        "lease_start_date": "2024-07-12",
        "lease_end_date": "2031-05-27",
        "monthly_rent": 50090,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}