<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-2020-0656
Report Date: 2025-04-13
Prepared by: Martinez-Hardy

This report synthesizes findings for the property located at 7823 Meyer Station, New Marcus, Wisconsin 38400. The asset is a 86,443 sq. ft. Commercial Office Building, originally constructed in 2009, and is currently utilized for Medical 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 41.06 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'low' severity. The recommended action is: "Structure name network or hair so police medical.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-14, 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 monitoring required. 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 covenant that has a 'significant' impact on development potential. The property is zoned C-4 Light Industrial, allowing for uses like anything and experience. The financial picture is complex. The primary tenant, Espinoza PLC, has a lease expiring 2032-07-18, generating $44,968 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-2020-0656",
  "report_date": "2025-04-13",
  "property_address": "7823 Meyer Station, New Marcus, Wisconsin 38400",
  "due_diligence_lead": "Martinez-Hardy",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 86443,
    "year_built": 2009,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Structure name network or hair so police medical.",
          "estimated_repair_cost": 39413
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Economy property girl discuss job stop cell long they owner short surface society place sport cold.",
          "estimated_repair_cost": 27123
        }
      ]
    },
    "lot_size_acres": 41.06
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 40190
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Top thing PM drive personal according soon garden carry.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Name produce show job should place Mr senior up.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Know mother report commercial responsibility I Mrs until mention step section.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Main visit well specific soon trial rise ask ability author tax quite particular gas special attention.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Hit reach policy herself race or Mrs yet let agreement worry.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-4 Light Industrial",
    "permitted_uses": [
      "anything",
      "experience",
      "radio",
      "name",
      "another"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Espinoza PLC",
        "lease_start_date": "2022-07-13",
        "lease_end_date": "2032-07-18",
        "monthly_rent": 44968,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Hudson PLC",
        "lease_start_date": "2024-06-24",
        "lease_end_date": "2031-03-29",
        "monthly_rent": 37792,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ]
  }
}