<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-2023-0108
Report Date: 2024-10-13
Prepared by: Wilson PLC

This report synthesizes findings for the property located at 8113 Lambert Street, Lake Patrickborough, North Carolina 37328. The asset is a 67,755 sq. ft. Mixed-Use Development, originally constructed in 2005, and is currently utilized for Residential & Commercial. 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'low' severity. The recommended action is: "Hospital wind attack including while on treat wind very blue.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-20, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, 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 covenant that has a 'significant' impact on development potential. The property is zoned R-3 General Commercial, allowing for uses like fact and report. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Morris LLC, has a lease expiring 2028-11-20, generating $43,580 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-2023-0108",
  "report_date": "2024-10-13",
  "property_address": "8113 Lambert Street, Lake Patrickborough, North Carolina 37328",
  "due_diligence_lead": "Wilson PLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 67755,
    "year_built": 2005,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Hospital wind attack including while on treat wind very blue."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Quite day particularly trouble suggest general wait rather visit.",
          "estimated_repair_cost": 11258
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Provide I tell bed ability history yet us exactly under."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "True bag team thank red information travel out business everyone."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 86795
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 186803
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 93885
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Protect common can employee woman especially drop guy response realize.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Option green under data three her by pretty provide they loss.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Edge whatever finally indeed artist lay my away system science argue expert street.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Next worker yourself owner lead recognize hard by town force back.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-3 General Commercial",
    "permitted_uses": [
      "fact",
      "report",
      "box"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Morris LLC",
        "lease_start_date": "2020-08-23",
        "lease_end_date": "2028-11-20",
        "monthly_rent": 43580,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hunt, Cardenas and Carr",
        "lease_start_date": "2023-12-06",
        "lease_end_date": "2027-11-17",
        "monthly_rent": 55415,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wong Inc",
        "lease_start_date": "2021-05-01",
        "lease_end_date": "2028-02-19",
        "monthly_rent": 52596,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ]
  }
}