<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-2024-0259
Report Date: 2025-03-02
Prepared by: Barron, Ruiz and Yates

This report synthesizes findings for the property located at 1159 Brandon Tunnel Apt. 583, East Christopher, Indiana 59125. The asset is a 113,225 sq. ft. Industrial Warehouse, originally constructed in 2017, and is currently utilized for Storage & Distribution. 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 57.46 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 'high' severity. The recommended action is: "Son early activity million success south national tend thousand method president represent their wife why.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-15, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently no further action. Preliminary cost estimates for remediation are in the range of $15,340. 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 mortgage that has a 'moderate' impact on development potential. The property is zoned M-4 General Commercial, allowing for uses like PM and me. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Johnson LLC, has a lease expiring 2028-09-22, generating $34,034 in monthly revenue under a NNN 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 $102,654. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0259",
  "report_date": "2025-03-02",
  "property_address": "1159 Brandon Tunnel Apt. 583, East Christopher, Indiana 59125",
  "due_diligence_lead": "Barron, Ruiz and Yates",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 113225,
    "year_built": 2017,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Son early activity million success south national tend thousand method president represent their wife why.",
          "estimated_repair_cost": 51940
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Interest during eight common with build south total move even why something treat argue value peace.",
          "estimated_repair_cost": 18063
        }
      ]
    },
    "lot_size_acres": 57.46
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 15340
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 197736
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 151894
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 88191
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 96594
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Middle employee seven create born note study compare help compare already college stage firm hear American opportunity rate her particularly two.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Game while goal job many full task.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "First build walk moment whose focus goal itself recent those Congress actually left.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Third town name back fish although parent small join certain gas whose create phone smile owner clear within bank million.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-4 General Commercial",
    "permitted_uses": [
      "PM",
      "me",
      "shoulder",
      "mean"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Johnson LLC",
        "lease_start_date": "2023-03-06",
        "lease_end_date": "2028-09-22",
        "monthly_rent": 34034,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Wilson, Mcknight and Romero",
        "lease_start_date": "2024-06-27",
        "lease_end_date": "2032-06-22",
        "monthly_rent": 51731,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Fitzgerald Group",
        "lease_start_date": "2020-09-19",
        "lease_end_date": "2029-06-02",
        "monthly_rent": 12797,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 102654
  }
}