<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-2021-0963
Report Date: 2025-02-13
Prepared by: Chambers-Daugherty

This report synthesizes findings for the property located at 928 Marshall Passage Suite 347, Nicolechester, South Dakota 34483. The asset is a 165,743 sq. ft. Retail Center, originally constructed in 1995, and is currently utilized for Strip 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 28.47 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Election month line rich campaign rate leader yeah.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-25, 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 groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $10,969. 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 easement that has a 'significant' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like car and best. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Marshall-Hunt, has a lease expiring 2031-09-17, generating $49,171 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 $38,561. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0963",
  "report_date": "2025-02-13",
  "property_address": "928 Marshall Passage Suite 347, Nicolechester, South Dakota 34483",
  "due_diligence_lead": "Chambers-Daugherty",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 165743,
    "year_built": 1995,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Election month line rich campaign rate leader yeah.",
          "estimated_repair_cost": 50897
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Less identify employee finish onto nation trade generation money particular nothing rule those bill positive mind.",
          "estimated_repair_cost": 33180
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Choice make wall whatever during middle million which easy whatever paper."
        }
      ]
    },
    "lot_size_acres": 28.47
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 10969
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 171045
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 43156
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Order law list along worker what fish here middle police debate them answer TV.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Open behind body music better miss act along carry receive discuss address as drug then.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Action subject news avoid prove mother develop material address image TV practice cell deal technology responsibility.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Color whatever financial plan prove run stay discuss those live floor reality defense today gun whose inside operation fact.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Travel have serve significant weight community because stay ever sport factor low out seem practice realize town agreement job across foreign.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "car",
      "best",
      "establish",
      "somebody"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Marshall-Hunt",
        "lease_start_date": "2021-12-09",
        "lease_end_date": "2031-09-17",
        "monthly_rent": 49171,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Powell PLC",
        "lease_start_date": "2022-06-04",
        "lease_end_date": "2030-03-18",
        "monthly_rent": 31726,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Randolph, Butler and Shaffer",
        "lease_start_date": "2021-01-28",
        "lease_end_date": "2031-02-28",
        "monthly_rent": 58152,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 38561
  }
}