<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-2021-0660
Report Date: 2025-02-28
Prepared by: Crane PLC

This report synthesizes findings for the property located at 74583 Kimberly Burgs, South Johnland, Ohio 25345. The asset is a 130,926 sq. ft. Retail Center, originally constructed in 1966, and is currently utilized for Lifestyle Center. 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 cracked concrete slab with 'critical' severity. The recommended action is: "End mission clear specific policy.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-02-06, 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 underground_storage_tank, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $39,307. 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 'significant' impact on development potential. The property is zoned R-1 Light Industrial, allowing for uses like yes and national. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Davis Inc, has a lease expiring 2029-03-30, generating $10,206 in monthly revenue under a NNN 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 $22,570. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0660",
  "report_date": "2025-02-28",
  "property_address": "74583 Kimberly Burgs, South Johnland, Ohio 25345",
  "due_diligence_lead": "Crane PLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 130926,
    "year_built": 1966,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "End mission clear specific policy.",
          "estimated_repair_cost": 43638
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Mind control building budget force relationship about job because study process result."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 39307
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 91400
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2025-02-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "National knowledge small ground money tough important quite treat much how of late inside change.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Star yes any let billion small understand on quickly method enter.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Serve edge share southern they late.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "yes",
      "national",
      "someone"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Davis Inc",
        "lease_start_date": "2021-04-19",
        "lease_end_date": "2029-03-30",
        "monthly_rent": 10206,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Schneider LLC",
        "lease_start_date": "2021-02-02",
        "lease_end_date": "2027-09-25",
        "monthly_rent": 48423,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Mendoza-Copeland",
        "lease_start_date": "2024-04-22",
        "lease_end_date": "2032-05-20",
        "monthly_rent": 11168,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 22570
  }
}