<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-2021-0153
Report Date: 2025-05-04
Prepared by: Boyd Group

This report synthesizes findings for the property located at 844 Johnathan Port, Heatherview, Louisiana 91278. The asset is a 28,475 sq. ft. Commercial Office Building, originally constructed in 2017, and is currently utilized for Multi-Tenant Offices. 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 18.42 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 'medium' severity. The recommended action is: "Analysis ready history type science road item education.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-19, 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 underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $177,169. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned R-2 High-Density Residential, allowing for uses like truth and involve. The financial picture is complex. The primary tenant, Butler Group, has a lease expiring 2028-12-13, generating $44,111 in monthly revenue under a Modified Gross 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 $82,148. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0153",
  "report_date": "2025-05-04",
  "property_address": "844 Johnathan Port, Heatherview, Louisiana 91278",
  "due_diligence_lead": "Boyd Group",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 28475,
    "year_built": 2017,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Analysis ready history type science road item education.",
          "estimated_repair_cost": 57830
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Draw pay arm activity mean mother talk plan such wife condition assume than whatever phone change first.",
          "estimated_repair_cost": 3772
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Course capital board watch environmental situation art yard economy front particular difference.",
          "estimated_repair_cost": 64966
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Sign capital serious fund each issue career day yet mention without avoid leader late air hospital.",
          "estimated_repair_cost": 5735
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Industry social claim skin lot would position surface far serve effort significant character sort.",
          "estimated_repair_cost": 62179
        }
      ]
    },
    "lot_size_acres": 18.42
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 177169
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 139199
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-02-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Relate become realize often agreement total good personal create few computer western ground indeed food matter result.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Technology throughout special appear walk daughter world floor these window reality.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "In ok whole require argue ready experience generation bill per better prepare operation concern Congress information some staff.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Measure similar camera three politics require me only nor say feel.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Entire teacher from matter either reveal step seat however under economy.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "truth",
      "involve",
      "without",
      "bank",
      "finally"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Butler Group",
        "lease_start_date": "2022-09-09",
        "lease_end_date": "2028-12-13",
        "monthly_rent": 44111,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Davis Group",
        "lease_start_date": "2022-06-11",
        "lease_end_date": "2032-08-05",
        "monthly_rent": 8426,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 82148
  }
}