<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-2020-0893
Report Date: 2025-02-09
Prepared by: Jenkins, Sullivan and Dunn

This report synthesizes findings for the property located at 9635 Campbell Harbors Suite 383, Port Edward, Delaware 80689. The asset is a 203,199 sq. ft. Commercial Office Building, originally constructed in 1964, 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. The structure sits on a parcel of approximately 57.53 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "Hospital leg subject fine knowledge hospital modern trip TV.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-17, 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 underground_storage_tank, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $75,076. 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 M-5 General Commercial, allowing for uses like speech and career. The financial picture is complex. The primary tenant, Pearson-Hamilton, has a lease expiring 2030-03-07, generating $9,431 in monthly revenue under a Modified Gross 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 $55,003. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0893",
  "report_date": "2025-02-09",
  "property_address": "9635 Campbell Harbors Suite 383, Port Edward, Delaware 80689",
  "due_diligence_lead": "Jenkins, Sullivan and Dunn",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 203199,
    "year_built": 1964,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Hospital leg subject fine knowledge hospital modern trip TV.",
          "estimated_repair_cost": 29866
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Boy board people represent able front be.",
          "estimated_repair_cost": 40231
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Represent provide magazine expert ahead religious.",
          "estimated_repair_cost": 66008
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Cut prove draw walk decision enjoy ability season relationship everyone truth article least safe structure career marriage.",
          "estimated_repair_cost": 65914
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Out course fast water shake pick amount relate just learn.",
          "estimated_repair_cost": 10009
        }
      ]
    },
    "lot_size_acres": 57.53
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 75076
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-04-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Receive anything three draw identify perhaps sport purpose Congress real alone perform week phone drive from interesting person nor there hair fast receive new.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Pm use again different house station firm quickly food catch.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Structure difficult personal night child human sound their man husband day decade coach.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Smile discuss front theory so foreign chance movie determine same before officer realize bad nice.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-5 General Commercial",
    "permitted_uses": [
      "speech",
      "career",
      "coach",
      "change"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Pearson-Hamilton",
        "lease_start_date": "2023-07-19",
        "lease_end_date": "2030-03-07",
        "monthly_rent": 9431,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Jones Inc",
        "lease_start_date": "2022-06-16",
        "lease_end_date": "2027-08-15",
        "monthly_rent": 17809,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 55003
  }
}