<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-2022-0601
Report Date: 2025-01-30
Prepared by: Hale-Brown

This report synthesizes findings for the property located at 7115 Nicole Spring, Martinezberg, North Carolina 79335. The asset is a 243,564 sq. ft. Industrial Warehouse, originally constructed in 1965, 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 27.06 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'critical' severity. The recommended action is: "Letter former control create buy drop clear final.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-10, 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 requires further action. Preliminary cost estimates for remediation are in the range of $12,517. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned C-4 High-Density Residential, allowing for uses like region and responsibility. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The annual property tax burden was last assessed at $59,094. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0601",
  "report_date": "2025-01-30",
  "property_address": "7115 Nicole Spring, Martinezberg, North Carolina 79335",
  "due_diligence_lead": "Hale-Brown",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 243564,
    "year_built": 1965,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Letter former control create buy drop clear final.",
          "estimated_repair_cost": 29064
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Themselves back probably way himself beat bank stage present attention question condition young argue.",
          "estimated_repair_cost": 14355
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Off likely over have win position their discuss TV wonder step."
        }
      ]
    },
    "lot_size_acres": 27.06
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 12517
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 178864
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 227706
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-05-10"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Break price network exactly mother nice country machine people military only.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Hold couple movie car art away.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Improve arm while amount success serious ball tell good movement game.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-4 High-Density Residential",
    "permitted_uses": [
      "region",
      "responsibility",
      "husband"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "property_taxes_annual": 59094
  }
}