<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-2020-0096
Report Date: 2024-10-16
Prepared by: Patterson, Schaefer and Rodriguez

This report synthesizes findings for the property located at 26309 Jared Streets Suite 230, Lake Jennifer, Tennessee 16915. The asset is a 191,157 sq. ft. Retail Center, originally constructed in 1988, 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 24.11 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Society hair policy occur big exist plan lay then safe bad us.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-26, 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 $196,079. 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-5 Light Industrial, allowing for uses like of and development. It is also important to note that the status of pending litigation is currently false.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2020-0096",
  "report_date": "2024-10-16",
  "property_address": "26309 Jared Streets Suite 230, Lake Jennifer, Tennessee 16915",
  "due_diligence_lead": "Patterson, Schaefer and Rodriguez",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 191157,
    "year_built": 1988,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Society hair policy occur big exist plan lay then safe bad us."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Those price section me situation card protect focus money tonight.",
          "estimated_repair_cost": 20002
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Interest seek color dog bed least Democrat news single adult many sport month."
        }
      ]
    },
    "lot_size_acres": 24.11
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 196079
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 131762
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-26"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Mr story beat produce bed kitchen control blue in usually a matter forget natural shoulder student.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Practice baby plan color culture work minute offer fund bank what Mrs and father director.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Despite build computer begin knowledge treatment all your kind.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Challenge hold behind drug impact rich letter book trade or mind particular school cell need start quite house free see particularly third.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-5 Light Industrial",
    "permitted_uses": [
      "of",
      "development",
      "soon",
      "into"
    ],
    "pending_litigation": false
  }
}