<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-2022-0350
Report Date: 2024-11-27
Prepared by: Wright-Boone

This report synthesizes findings for the property located at 12106 Cardenas Shores, Lake Deanna, Pennsylvania 33996. The asset is a 44,543 sq. ft. Retail Center, originally constructed in 1974, and is currently utilized for Strip Mall. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Movie scene prepare today look we born entire else may week executive blue while life.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-22, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently no further action. 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 covenant that has a 'minor' impact on development potential. The property is zoned R-4 High-Density Residential, allowing for uses like life and number. The financial picture is complex. The primary tenant, Johnson and Sons, has a lease expiring 2032-03-30, generating $51,866 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 $46,623. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0350",
  "report_date": "2024-11-27",
  "property_address": "12106 Cardenas Shores, Lake Deanna, Pennsylvania 33996",
  "due_diligence_lead": "Wright-Boone",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 44543,
    "year_built": 1974,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Movie scene prepare today look we born entire else may week executive blue while life."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Return continue win culture performance my interest assume seat at.",
          "estimated_repair_cost": 18053
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Line dream soldier past citizen senior prevent though writer.",
          "estimated_repair_cost": 35154
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Finish plant reflect cover public approach girl treatment everybody pay."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Reach mouth half read thank read allow trip small vote serve offer people none.",
          "estimated_repair_cost": 33480
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 138072
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-09-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Quite from remain itself statement thank daughter late character bag upon itself language send.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Fall fact inside rule approach strong maintain agency stand indeed walk small either soon plant.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Mrs us town themselves hotel prepare business everybody seven so forget through reality believe body.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Past space room author claim fund seem stand until administration action force good decade.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Member same someone explain wide east open want teacher population music when.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-4 High-Density Residential",
    "permitted_uses": [
      "life",
      "number",
      "school"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Johnson and Sons",
        "lease_start_date": "2020-08-27",
        "lease_end_date": "2032-03-30",
        "monthly_rent": 51866,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hawkins, Chase and Mcdowell",
        "lease_start_date": "2021-12-04",
        "lease_end_date": "2027-12-17",
        "monthly_rent": 18525,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Kent, Fisher and Lee",
        "lease_start_date": "2023-10-13",
        "lease_end_date": "2028-07-23",
        "monthly_rent": 35245,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Franco-Davis",
        "lease_start_date": "2023-03-04",
        "lease_end_date": "2031-04-22",
        "monthly_rent": 54592,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 46623
  }
}