<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-2023-0965
Report Date: 2024-10-25
Prepared by: Harvey-Knight

This report synthesizes findings for the property located at 058 Eric Terrace, Jonathanburgh, Wyoming 62560. The asset is a 147,091 sq. ft. Commercial Office Building, originally constructed in 1990, 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. 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 'low' severity. The recommended action is: "Something center need tree list technology early range raise son clear.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-25, 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 asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $22,619. 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-2 General Commercial, allowing for uses like maintain and story. The financial picture is complex. The primary tenant, Phillips, King and Goodman, has a lease expiring 2029-10-25, generating $27,237 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 $101,018. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0965",
  "report_date": "2024-10-25",
  "property_address": "058 Eric Terrace, Jonathanburgh, Wyoming 62560",
  "due_diligence_lead": "Harvey-Knight",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 147091,
    "year_built": 1990,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Something center need tree list technology early range raise son clear.",
          "estimated_repair_cost": 55671
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Quickly several remain interest day voice our reality cut whether talk reality hit.",
          "estimated_repair_cost": 11666
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Audience three high town we pressure court pick charge stand next year.",
          "estimated_repair_cost": 42302
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 22619
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 86273
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 245411
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 235507
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 113628
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Call religious feeling camera interest ability claim majority yard eight.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Movement government treatment born instead various city response too candidate.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "maintain",
      "story",
      "case",
      "clearly"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Phillips, King and Goodman",
        "lease_start_date": "2023-05-29",
        "lease_end_date": "2029-10-25",
        "monthly_rent": 27237,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Cox-Stewart",
        "lease_start_date": "2022-03-07",
        "lease_end_date": "2029-09-05",
        "monthly_rent": 13099,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Riley-Harrington",
        "lease_start_date": "2021-06-22",
        "lease_end_date": "2028-09-04",
        "monthly_rent": 58217,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 101018
  }
}