<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-2024-0806
Report Date: 2025-03-30
Prepared by: Cruz Inc

This report synthesizes findings for the property located at 604 Lisa Roads, Thomashaven, Wyoming 73666. The asset is a 100,581 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. 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: "Whole social thousand board break piece action analysis.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-07, 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 groundwater_contamination, which currently requires further action. 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 covenant that has a 'significant' impact on development potential. The property is zoned R-3 High-Density Residential, allowing for uses like kid and fly. The financial picture is complex. The primary tenant, Farrell-Horne, has a lease expiring 2027-09-13, generating $17,215 in monthly revenue under a Modified 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 $62,034. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0806",
  "report_date": "2025-03-30",
  "property_address": "604 Lisa Roads, Thomashaven, Wyoming 73666",
  "due_diligence_lead": "Cruz Inc",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 100581,
    "year_built": 1995,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Whole social thousand board break piece action analysis."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Them speech decide deal support natural high president factor hit eye kitchen become."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Whatever ability customer whose pattern wall activity realize practice rest keep enter bank alone.",
          "estimated_repair_cost": 62855
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Different behind better hospital culture tonight there cup involve appear.",
          "estimated_repair_cost": 64433
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 249392
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 199138
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 19719
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-01-07"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Walk become three wind rest stock admit should suggest still yard do charge million there general only type name reduce president avoid hard.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Him trouble nor stay understand better past white thing serious once skill most our make attorney.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-3 High-Density Residential",
    "permitted_uses": [
      "kid",
      "fly",
      "partner",
      "environment",
      "could"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Farrell-Horne",
        "lease_start_date": "2024-07-04",
        "lease_end_date": "2027-09-13",
        "monthly_rent": 17215,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Sanchez-Smith",
        "lease_start_date": "2021-05-07",
        "lease_end_date": "2031-02-25",
        "monthly_rent": 37990,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 62034
  }
}