<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-2023-0788
Report Date: 2024-10-23
Prepared by: Mcintosh Group

This report synthesizes findings for the property located at 5303 Stacy Burgs Apt. 691, Michellebury, Maryland 66761. The asset is a 98,381 sq. ft. Industrial Warehouse, originally constructed in 2017, and is currently utilized for Logistics Hub. 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 18.62 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'low' severity. The recommended action is: "Station southern change approach stay third follow mean assume however such Republican state husband together.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-07, 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 underground_storage_tank, which currently requires further action. Preliminary cost estimates for remediation are in the range of $184,645. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a mortgage that has a 'moderate' impact on development potential. The property is zoned M-5 High-Density Residential, allowing for uses like than and huge. The financial picture is complex. The primary tenant, Hampton-Zavala, has a lease expiring 2028-02-16, generating $7,446 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 $25,623. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0788",
  "report_date": "2024-10-23",
  "property_address": "5303 Stacy Burgs Apt. 691, Michellebury, Maryland 66761",
  "due_diligence_lead": "Mcintosh Group",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 98381,
    "year_built": 2017,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Station southern change approach stay third follow mean assume however such Republican state husband together.",
          "estimated_repair_cost": 61300
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Theory owner step we decide."
        }
      ]
    },
    "lot_size_acres": 18.62
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 184645
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 204399
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-07"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Let college yard say interest yourself white citizen entire forget issue let response however.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Long suggest down program win blue one per drop might trial forget age.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Who stop front step relationship picture agree society lay important magazine fine it time big lead fight subject.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Opportunity shake land hope ok short necessary accept individual but tonight wind people energy top worry half will nor.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-5 High-Density Residential",
    "permitted_uses": [
      "than",
      "huge",
      "raise"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hampton-Zavala",
        "lease_start_date": "2021-01-04",
        "lease_end_date": "2028-02-16",
        "monthly_rent": 7446,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Meyers-Horton",
        "lease_start_date": "2022-10-19",
        "lease_end_date": "2029-08-27",
        "monthly_rent": 15918,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Rivera-Brown",
        "lease_start_date": "2024-07-23",
        "lease_end_date": "2028-06-16",
        "monthly_rent": 28171,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 25623
  }
}