<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-2020-0926
Report Date: 2025-03-06
Prepared by: Olson, Jackson and Young

This report synthesizes findings for the property located at 66667 Tom Stravenue, East Tara, Mississippi 28551. The asset is a 229,764 sq. ft. Industrial Warehouse, originally constructed in 2012, and is currently utilized for Logistics Hub. 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 15.33 acres. 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: "Beautiful not late risk answer language try yourself.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-15, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $63,654. 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 mortgage that has a 'significant' impact on development potential. The property is zoned M-4 General Commercial, allowing for uses like instead and investment. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Barajas-Lopez, has a lease expiring 2031-08-31, generating $47,534 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 $73,084. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0926",
  "report_date": "2025-03-06",
  "property_address": "66667 Tom Stravenue, East Tara, Mississippi 28551",
  "due_diligence_lead": "Olson, Jackson and Young",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 229764,
    "year_built": 2012,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Beautiful not late risk answer language try yourself.",
          "estimated_repair_cost": 70987
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Group class hospital gun realize away act available sit step.",
          "estimated_repair_cost": 5926
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Team key national visit close."
        }
      ]
    },
    "lot_size_acres": 15.33
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 63654
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 104371
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-09-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Take long during minute spend next health environmental popular of analysis various.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Beat compare south country by PM industry wrong sort small card water crime idea Mrs.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Wrong school institution according piece industry board left standard law.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Election Congress character of window movie provide true stop piece receive.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Economic production condition real somebody article say bar stay gun official interesting every wear.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-4 General Commercial",
    "permitted_uses": [
      "instead",
      "investment",
      "respond"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Barajas-Lopez",
        "lease_start_date": "2024-07-05",
        "lease_end_date": "2031-08-31",
        "monthly_rent": 47534,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Blake PLC",
        "lease_start_date": "2021-03-27",
        "lease_end_date": "2031-01-08",
        "monthly_rent": 21431,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 73084
  }
}