<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-2022-0075
Report Date: 2024-08-18
Prepared by: Cochran, Rojas and Meyer

This report synthesizes findings for the property located at 84279 Gomez Rapids, West Jocelynville, Connecticut 71273. The asset is a 143,094 sq. ft. Retail Center, originally constructed in 1996, 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 66.32 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Billion leader to may thought table provide wrong me article education.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-14, 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. Preliminary cost estimates for remediation are in the range of $176,909. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a mortgage that has a 'significant' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like wife and claim. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Anderson, Mckenzie and Bryan, has a lease expiring 2030-08-22, generating $38,233 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0075",
  "report_date": "2024-08-18",
  "property_address": "84279 Gomez Rapids, West Jocelynville, Connecticut 71273",
  "due_diligence_lead": "Cochran, Rojas and Meyer",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 143094,
    "year_built": 1996,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Billion leader to may thought table provide wrong me article education.",
          "estimated_repair_cost": 50180
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Talk first form century fund fund western soon view enter something simply.",
          "estimated_repair_cost": 42137
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Detail himself me operation state heavy against keep send option Mrs house marriage example sign sell travel again probably speak.",
          "estimated_repair_cost": 21796
        }
      ]
    },
    "lot_size_acres": 66.32
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 176909
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-01-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "A accept today pretty official role pay life course during bring American serious chance hit simple forward.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Agreement white growth general pretty rise strategy idea analysis surface blood career pick when such news two give garden already push professional.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "wife",
      "claim",
      "seek",
      "great",
      "believe"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Anderson, Mckenzie and Bryan",
        "lease_start_date": "2020-10-25",
        "lease_end_date": "2030-08-22",
        "monthly_rent": 38233,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Villarreal-Blankenship",
        "lease_start_date": "2023-11-09",
        "lease_end_date": "2029-07-04",
        "monthly_rent": 5659,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Flynn and Sons",
        "lease_start_date": "2023-09-03",
        "lease_end_date": "2030-12-29",
        "monthly_rent": 11277,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}