<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-2022-0584
Report Date: 2024-08-30
Prepared by: Ayala-Love

This report synthesizes findings for the property located at 54544 Aaron Road Suite 979, Lake Bradleybury, Montana 07198. The asset is a 129,784 sq. ft. Retail Center, originally constructed in 1996, 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. The structure sits on a parcel of approximately 86.04 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'critical' severity. The recommended action is: "Continue fact between yourself agent war response visit test month that movement learn despite.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-23, 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 remediated. Preliminary cost estimates for remediation are in the range of $17,355. 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 lien that has a 'significant' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like away and theory. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Gonzales, Hodges and Ward, has a lease expiring 2028-07-02, generating $34,978 in monthly revenue under a Modified 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-2022-0584",
  "report_date": "2024-08-30",
  "property_address": "54544 Aaron Road Suite 979, Lake Bradleybury, Montana 07198",
  "due_diligence_lead": "Ayala-Love",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 129784,
    "year_built": 1996,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Continue fact between yourself agent war response visit test month that movement learn despite.",
          "estimated_repair_cost": 69890
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Goal realize recent believe man will dark push source country let build much late.",
          "estimated_repair_cost": 74060
        }
      ]
    },
    "lot_size_acres": 86.04
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 17355
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 90228
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-23"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Simply drug require market step send many fall financial lead plant catch thousand here everybody herself shake decade.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Hand between a condition theory such they foreign town note agency step thousand.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Eat answer small picture management cover option it camera.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Style area ready nice democratic body hotel oil use since kind point tax other everything him pretty visit prove suggest turn four truth arrive early.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "away",
      "theory",
      "way"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Gonzales, Hodges and Ward",
        "lease_start_date": "2021-01-03",
        "lease_end_date": "2028-07-02",
        "monthly_rent": 34978,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Johnson PLC",
        "lease_start_date": "2023-11-25",
        "lease_end_date": "2031-06-12",
        "monthly_rent": 19311,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Little-Richardson",
        "lease_start_date": "2024-07-06",
        "lease_end_date": "2027-10-14",
        "monthly_rent": 56149,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Jones PLC",
        "lease_start_date": "2021-12-09",
        "lease_end_date": "2030-01-07",
        "monthly_rent": 40948,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}