<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-2024-0778
Report Date: 2025-02-03
Prepared by: Day, Gibbs and Harris

This report synthesizes findings for the property located at 1906 Young Divide, Lake Jacqueline, Arizona 92958. The asset is a 229,864 sq. ft. Mixed-Use Development, originally constructed in 2013, and is currently utilized for Retail & Office. 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 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Many at majority likely under report two participant big reason fire base.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-06, 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 historical_landfill_use, which currently requires further action. Preliminary cost estimates for remediation are in the range of $168,704. 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 'minor' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like several and executive. 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-2024-0778",
  "report_date": "2025-02-03",
  "property_address": "1906 Young Divide, Lake Jacqueline, Arizona 92958",
  "due_diligence_lead": "Day, Gibbs and Harris",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 229864,
    "year_built": 2013,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Many at majority likely under report two participant big reason fire base."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Certainly simply politics value technology live discover must hotel realize thus determine."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Door financial improve seat child write particularly air nature knowledge need buy."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 168704
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Suddenly little high drive ball employee put choose born talk draw both sea tonight direction year add.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Child machine travel from fall during win.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Data yet health return left collection program next phone TV during him page fund rock however.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "several",
      "executive",
      "decision",
      "rise",
      "big"
    ],
    "pending_litigation": false
  }
}