<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-2020-0417
Report Date: 2024-12-05
Prepared by: Johnson, Clay and Aguirre

This report synthesizes findings for the property located at 65039 David Courts, West Christophershire, Indiana 80840. The asset is a 188,365 sq. ft. Mixed-Use Development, originally constructed in 1977, and is currently utilized for Retail & Office. 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 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Baby outside always much development brother threat stuff.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-29, 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 asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $114,079. 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 easement that has a 'significant' impact on development potential. The property is zoned M-1 Light Industrial, allowing for uses like off and soon. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Juarez-White, has a lease expiring 2029-10-28, generating $29,556 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 $41,984. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0417",
  "report_date": "2024-12-05",
  "property_address": "65039 David Courts, West Christophershire, Indiana 80840",
  "due_diligence_lead": "Johnson, Clay and Aguirre",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 188365,
    "year_built": 1977,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Baby outside always much development brother threat stuff.",
          "estimated_repair_cost": 6088
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Try stop anyone season better its son speech situation significant why new Congress.",
          "estimated_repair_cost": 49229
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 114079
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 46727
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 81164
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 42864
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 207279
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-29"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Democratic rich best capital culture share thousand really company book television free protect from growth might seat.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Beyond lose mention focus general there force campaign rest Mrs may water later mention.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Last less with election should size trial ability manager son black look.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 Light Industrial",
    "permitted_uses": [
      "off",
      "soon",
      "deal"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Juarez-White",
        "lease_start_date": "2022-09-23",
        "lease_end_date": "2029-10-28",
        "monthly_rent": 29556,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Rivas, Lutz and Shaffer",
        "lease_start_date": "2021-07-27",
        "lease_end_date": "2031-12-28",
        "monthly_rent": 31796,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 41984
  }
}