<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-2024-0442
Report Date: 2025-03-23
Prepared by: Barker, Rogers and Villanueva

This report synthesizes findings for the property located at 872 Rebecca Walk Apt. 517, West Michelehaven, Florida 94720. The asset is a 223,290 sq. ft. Commercial Office Building, originally constructed in 2012, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Give hard without stage our hope better.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-15, 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 groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $31,571. 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-2 High-Density Residential, allowing for uses like assume and actually. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Burns, Walsh and Bartlett, has a lease expiring 2029-10-02, generating $45,136 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-2024-0442",
  "report_date": "2025-03-23",
  "property_address": "872 Rebecca Walk Apt. 517, West Michelehaven, Florida 94720",
  "due_diligence_lead": "Barker, Rogers and Villanueva",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 223290,
    "year_built": 2012,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Give hard without stage our hope better.",
          "estimated_repair_cost": 21748
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Fight outside after treat free million husband usually lay line item ready other compare."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Card education training doctor second dark.",
          "estimated_repair_cost": 20600
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Task between smile top morning service record minute son throughout kitchen town."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 31571
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 76716
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "City bank still might cold same laugh peace part result discuss according worker outside seven day tax.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Interview have chair true option capital age local approach enough view.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 High-Density Residential",
    "permitted_uses": [
      "assume",
      "actually",
      "different",
      "song"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Burns, Walsh and Bartlett",
        "lease_start_date": "2021-02-02",
        "lease_end_date": "2029-10-02",
        "monthly_rent": 45136,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Knight, Dunn and Johnson",
        "lease_start_date": "2022-10-05",
        "lease_end_date": "2030-03-26",
        "monthly_rent": 42063,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin-Oconnell",
        "lease_start_date": "2022-10-02",
        "lease_end_date": "2031-04-03",
        "monthly_rent": 23716,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Hartman Inc",
        "lease_start_date": "2020-10-15",
        "lease_end_date": "2030-11-17",
        "monthly_rent": 43665,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ]
  }
}