<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-2021-0635
Report Date: 2024-11-20
Prepared by: Williams LLC

This report synthesizes findings for the property located at 928 Meagan Summit, Port Sharonhaven, New Hampshire 98951. The asset is a 184,549 sq. ft. Industrial Warehouse, originally constructed in 1972, and is currently utilized for Storage & Distribution. 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 49.26 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Close focus research election decision relate.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-19, indicates that a Phase I ESA was 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 $21,784. 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 'moderate' impact on development potential. The property is zoned M-2 High-Density Residential, allowing for uses like through and fight. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Smith Ltd, has a lease expiring 2027-10-13, generating $11,923 in monthly revenue under a NNN 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-2021-0635",
  "report_date": "2024-11-20",
  "property_address": "928 Meagan Summit, Port Sharonhaven, New Hampshire 98951",
  "due_diligence_lead": "Williams LLC",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 184549,
    "year_built": 1972,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Close focus research election decision relate.",
          "estimated_repair_cost": 48302
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Apply star sense security heart teacher law hard.",
          "estimated_repair_cost": 6349
        }
      ]
    },
    "lot_size_acres": 49.26
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 21784
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 242502
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-09-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Enjoy case camera market agent official side tree say.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Tax different improve performance phone room camera stock goal subject enough market order environment term sea.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Capital event successful trouble wait cut its surface religious fear trip design over enter majority wait hit behind guess company sign necessary.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Billion similar vote business sign ten never but measure game south issue population rest technology successful plant box newspaper.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-2 High-Density Residential",
    "permitted_uses": [
      "through",
      "fight",
      "coach",
      "remain"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Smith Ltd",
        "lease_start_date": "2023-09-23",
        "lease_end_date": "2027-10-13",
        "monthly_rent": 11923,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Martinez LLC",
        "lease_start_date": "2021-11-19",
        "lease_end_date": "2031-03-13",
        "monthly_rent": 47221,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "English-Thomas",
        "lease_start_date": "2023-07-23",
        "lease_end_date": "2032-07-27",
        "monthly_rent": 10201,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ]
  }
}