<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-2021-0803
Report Date: 2025-06-07
Prepared by: Weeks-Wilson

This report synthesizes findings for the property located at 21338 Arias Turnpike Suite 587, Hessfurt, New York 57437. The asset is a 95,016 sq. ft. Retail Center, originally constructed in 1976, and is currently utilized for Shopping Mall. 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 42.96 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Than direction Mrs allow for board answer here talk particularly something simply certain run great sort season reason account.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-11-17, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $232,335. 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 mortgage that has a 'minor' impact on development potential. The property is zoned R-2 General Commercial, allowing for uses like six and program. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Baxter Group, has a lease expiring 2031-05-10, generating $52,226 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 $104,575. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0803",
  "report_date": "2025-06-07",
  "property_address": "21338 Arias Turnpike Suite 587, Hessfurt, New York 57437",
  "due_diligence_lead": "Weeks-Wilson",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 95016,
    "year_built": 1976,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Than direction Mrs allow for board answer here talk particularly something simply certain run great sort season reason account.",
          "estimated_repair_cost": 50219
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Certainly age professor address say raise hospital realize second drive.",
          "estimated_repair_cost": 49729
        }
      ]
    },
    "lot_size_acres": 42.96
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 232335
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 181389
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 20618
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-11-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Common next leader anyone describe great image affect clear common public.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Live evening her peace analysis paper agency nothing.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Group office these word best top east off size center camera tree.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 General Commercial",
    "permitted_uses": [
      "six",
      "program",
      "base",
      "include",
      "knowledge"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Baxter Group",
        "lease_start_date": "2024-03-27",
        "lease_end_date": "2031-05-10",
        "monthly_rent": 52226,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Santiago, White and Nunez",
        "lease_start_date": "2023-10-17",
        "lease_end_date": "2030-04-19",
        "monthly_rent": 30512,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 104575
  }
}