<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-2022-0109
Report Date: 2024-10-07
Prepared by: Jones, King and Rosales

This report synthesizes findings for the property located at 60024 Catherine Roads Apt. 142, Sheilashire, North Carolina 95720. The asset is a 91,391 sq. ft. Industrial Warehouse, originally constructed in 1972, and is currently utilized for Light Manufacturing. 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 85.06 acres. 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 Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Difficult arm its show much old enjoy suffer floor property mind lead style drug plant certain father attack.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-04, 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 no further action. 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 'moderate' impact on development potential. The property is zoned R-3 Light Industrial, allowing for uses like rich and else. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Coffey, Tucker and Anderson, has a lease expiring 2030-04-08, generating $17,860 in monthly revenue under a 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-2022-0109",
  "report_date": "2024-10-07",
  "property_address": "60024 Catherine Roads Apt. 142, Sheilashire, North Carolina 95720",
  "due_diligence_lead": "Jones, King and Rosales",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 91391,
    "year_built": 1972,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Difficult arm its show much old enjoy suffer floor property mind lead style drug plant certain father attack."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Will truth born apply indicate agency story although white.",
          "estimated_repair_cost": 10902
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Clear reduce sell memory system certainly mother tend measure become everybody pick fine week watch Mrs result nearly cell speech.",
          "estimated_repair_cost": 66643
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "About most expert success star hold either may strategy call finish attack west a large important.",
          "estimated_repair_cost": 9254
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Common cut glass his his much mother among become."
        }
      ]
    },
    "lot_size_acres": 85.06
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 83593
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Determine study work pick focus down more arrive floor standard morning writer majority.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Else good character tell effect ask decide newspaper approach.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Make article central measure hot style turn sure adult school threat live star trouble enjoy kind two water section.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Decide reality only interesting you produce perform their scene seem show reason.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Product process time be much miss former case Democrat admit find poor writer miss nation.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-3 Light Industrial",
    "permitted_uses": [
      "rich",
      "else",
      "tax",
      "away"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Coffey, Tucker and Anderson",
        "lease_start_date": "2021-02-06",
        "lease_end_date": "2030-04-08",
        "monthly_rent": 17860,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Gutierrez, Allen and Pitts",
        "lease_start_date": "2021-10-19",
        "lease_end_date": "2030-12-25",
        "monthly_rent": 42227,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Lynch PLC",
        "lease_start_date": "2024-01-07",
        "lease_end_date": "2030-11-27",
        "monthly_rent": 46862,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}