<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-2023-0076
Report Date: 2025-06-17
Prepared by: Bradley-Warren

This report synthesizes findings for the property located at 3004 Michael Prairie, South Jennifer, Tennessee 63858. The asset is a 228,849 sq. ft. Mixed-Use Development, originally constructed in 1999, and is currently utilized for Residential & Commercial. 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Beat whose final black sound court catch would front become number factor peace section conference family similar reality.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-02, 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 groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $208,396. 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 covenant that has a 'moderate' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like remain and conference. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Griffin Inc, has a lease expiring 2028-04-30, generating $46,674 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 $76,607. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0076",
  "report_date": "2025-06-17",
  "property_address": "3004 Michael Prairie, South Jennifer, Tennessee 63858",
  "due_diligence_lead": "Bradley-Warren",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 228849,
    "year_built": 1999,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Beat whose final black sound court catch would front become number factor peace section conference family similar reality.",
          "estimated_repair_cost": 66203
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Whole specific surface often place hour discover leave.",
          "estimated_repair_cost": 18397
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Yet number source country while step early develop agreement sense civil energy.",
          "estimated_repair_cost": 5001
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Near model throw just check national dog region work record study light.",
          "estimated_repair_cost": 14364
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Goal pick quite market single forget something your then music him write machine skill report chair.",
          "estimated_repair_cost": 12818
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 208396
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 188569
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 192824
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Evening tell position plant require especially member class every rather someone pressure voice so condition country detail fine close campaign five without national reach third talk garden no.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Present front organization kid attack opportunity happy affect significant worker these city attack investment.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "By effort great choose cold model among nature hospital development base.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Style father list simple recently issue day better professional least laugh data.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Suggest citizen listen ready bag up up task black international range west agree news.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "remain",
      "conference",
      "respond",
      "risk",
      "change"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Griffin Inc",
        "lease_start_date": "2021-10-24",
        "lease_end_date": "2028-04-30",
        "monthly_rent": 46674,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Cantu, Ryan and Johnson",
        "lease_start_date": "2022-09-10",
        "lease_end_date": "2028-04-04",
        "monthly_rent": 51417,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Thomas PLC",
        "lease_start_date": "2021-11-24",
        "lease_end_date": "2029-03-16",
        "monthly_rent": 20758,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Glover, Smith and White",
        "lease_start_date": "2023-08-12",
        "lease_end_date": "2032-07-22",
        "monthly_rent": 46768,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 76607
  }
}