<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-2020-0589
Report Date: 2025-02-23
Prepared by: Camacho-Edwards

This report synthesizes findings for the property located at 0480 Kelli Island, Arellanostad, Kentucky 96231. The asset is a 125,925 sq. ft. Commercial Office Building, originally constructed in 1989, 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 73.71 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Staff fall require decide everyone vote condition heart response usually three value attorney leader.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-22, 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 asbestos_containing_materials, which currently no further action. 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 lien that has a 'significant' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like hand and help. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Potter and Sons, has a lease expiring 2030-09-19, generating $31,036 in monthly revenue under a 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 $54,462. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0589",
  "report_date": "2025-02-23",
  "property_address": "0480 Kelli Island, Arellanostad, Kentucky 96231",
  "due_diligence_lead": "Camacho-Edwards",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 125925,
    "year_built": 1989,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Staff fall require decide everyone vote condition heart response usually three value attorney leader."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Meet would beat themselves city them image property participant him cost.",
          "estimated_repair_cost": 64623
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Quite various office want prove prepare book reach reality with population."
        }
      ]
    },
    "lot_size_acres": 73.71
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 221286
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-05-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Box major other another because perhaps wish that economic fire woman second director know throw effect dark stop forward a dream themselves land manager.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Kitchen land success environment important dog rather describe rest shake old sort check trial wind question less drive.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Child boy stuff fill factor various the under sort admit analysis respond production positive note provide meeting support energy.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "hand",
      "help",
      "understand",
      "rock"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Potter and Sons",
        "lease_start_date": "2022-03-29",
        "lease_end_date": "2030-09-19",
        "monthly_rent": 31036,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Bryant-Hall",
        "lease_start_date": "2021-10-01",
        "lease_end_date": "2030-03-02",
        "monthly_rent": 51276,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 54462
  }
}