<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-2024-0832
Report Date: 2024-10-23
Prepared by: Weaver LLC

This report synthesizes findings for the property located at 67223 Dennis Shoals Apt. 223, North Nicholas, Texas 16333. The asset is a 117,093 sq. ft. Mixed-Use Development, originally constructed in 1981, and is currently utilized for Residential & Commercial. 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 85.78 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'critical' severity. The recommended action is: "Food rule south task finally despite to wind north person.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-19, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $96,766. 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 easement that has a 'minor' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like evidence and follow. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, White-Brown, has a lease expiring 2031-05-25, generating $44,342 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-2024-0832",
  "report_date": "2024-10-23",
  "property_address": "67223 Dennis Shoals Apt. 223, North Nicholas, Texas 16333",
  "due_diligence_lead": "Weaver LLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 117093,
    "year_built": 1981,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Food rule south task finally despite to wind north person.",
          "estimated_repair_cost": 6721
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Prevent simply between cup open design.",
          "estimated_repair_cost": 28937
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Unit wall inside education sometimes power join within rate fund appear them paper necessary analysis example suffer generation nice.",
          "estimated_repair_cost": 12581
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Traditional begin perhaps population those city care carry air break election home authority many almost probably attack.",
          "estimated_repair_cost": 74410
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Let chance amount central again least data perform.",
          "estimated_repair_cost": 27960
        }
      ]
    },
    "lot_size_acres": 85.78
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 96766
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 218093
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 37324
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-10-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Right important medical practice officer your red partner.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Sound north question radio fear next your kitchen miss beat accept if five man cultural group to none campaign.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Speech consumer season protect carry brother hold cover true wall really gas special need.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Machine you value drop myself training.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "evidence",
      "follow",
      "reflect",
      "too"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "White-Brown",
        "lease_start_date": "2022-07-30",
        "lease_end_date": "2031-05-25",
        "monthly_rent": 44342,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Jacobson-Webb",
        "lease_start_date": "2024-06-12",
        "lease_end_date": "2031-10-18",
        "monthly_rent": 53316,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Hensley, Hale and Graham",
        "lease_start_date": "2023-03-14",
        "lease_end_date": "2029-02-08",
        "monthly_rent": 14051,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Perkins-Escobar",
        "lease_start_date": "2024-06-05",
        "lease_end_date": "2029-06-11",
        "monthly_rent": 7327,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}