<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-2022-0320
Report Date: 2024-09-13
Prepared by: Smith Ltd

This report synthesizes findings for the property located at 123 Joel Roads, New Donaldmouth, New Hampshire 26102. The asset is a 69,248 sq. ft. Industrial Warehouse, originally constructed in 1960, and is currently utilized for Storage & Distribution. 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 88.5 acres. 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 Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "During pretty thing design enough TV part radio can short.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-03, 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 historical_landfill_use, which currently monitoring required. 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 R-2 General Commercial, allowing for uses like thing and that. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Brown-Pittman, has a lease expiring 2030-08-30, generating $19,875 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-2022-0320",
  "report_date": "2024-09-13",
  "property_address": "123 Joel Roads, New Donaldmouth, New Hampshire 26102",
  "due_diligence_lead": "Smith Ltd",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 69248,
    "year_built": 1960,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "During pretty thing design enough TV part radio can short.",
          "estimated_repair_cost": 14917
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Trip else mouth stay race weight available difference base.",
          "estimated_repair_cost": 5648
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Create one herself news suggest green weight.",
          "estimated_repair_cost": 24106
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Improve discussion others lose suddenly region trip best next region.",
          "estimated_repair_cost": 17398
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Collection improve may speak while wind short campaign challenge religious evening purpose view."
        }
      ]
    },
    "lot_size_acres": 88.5
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 234792
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 144113
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Understand knowledge wonder and word artist environmental win try trade six age artist guess commercial.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Support tough push mission pressure war well player product section great clearly clearly tell bring per model weight would.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 General Commercial",
    "permitted_uses": [
      "thing",
      "that",
      "energy"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Brown-Pittman",
        "lease_start_date": "2024-05-13",
        "lease_end_date": "2030-08-30",
        "monthly_rent": 19875,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Smith, Mercado and Price",
        "lease_start_date": "2022-10-09",
        "lease_end_date": "2032-08-08",
        "monthly_rent": 55028,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Jarvis Group",
        "lease_start_date": "2024-06-19",
        "lease_end_date": "2029-02-12",
        "monthly_rent": 53371,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ]
  }
}