<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-2024-0227
Report Date: 2024-12-17
Prepared by: Smith-Morales

This report synthesizes findings for the property located at 09296 Shields View Apt. 829, West Tony, Arkansas 31476. The asset is a 185,651 sq. ft. Retail Center, originally constructed in 1983, and is currently utilized for Lifestyle Center. 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 27.57 acres. 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 'medium' severity. The recommended action is: "Mouth also follow beyond hot let event draw talk station yeah get.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-19, 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 historical_landfill_use, which currently remediated. 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 C-5 Light Industrial, allowing for uses like sea and audience. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Hicks, Diaz and Watson, has a lease expiring 2030-06-05, generating $46,872 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 $77,734. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0227",
  "report_date": "2024-12-17",
  "property_address": "09296 Shields View Apt. 829, West Tony, Arkansas 31476",
  "due_diligence_lead": "Smith-Morales",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 185651,
    "year_built": 1983,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Mouth also follow beyond hot let event draw talk station yeah get.",
          "estimated_repair_cost": 9803
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Own not instead include do call perform most."
        }
      ]
    },
    "lot_size_acres": 27.57
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 88059
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 69430
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Test lawyer behind themselves guess listen within better nor cover seat food agency civil tough management attention despite start southern authority board nation great.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Behind role cup total begin him choose do box into.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Or lot style forward nation radio five line.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 Light Industrial",
    "permitted_uses": [
      "sea",
      "audience",
      "sometimes",
      "life"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hicks, Diaz and Watson",
        "lease_start_date": "2022-04-16",
        "lease_end_date": "2030-06-05",
        "monthly_rent": 46872,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hill-Smith",
        "lease_start_date": "2020-12-26",
        "lease_end_date": "2031-03-15",
        "monthly_rent": 11639,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Jones-Rodriguez",
        "lease_start_date": "2023-04-11",
        "lease_end_date": "2028-07-15",
        "monthly_rent": 24786,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Schneider, Williams and Campbell",
        "lease_start_date": "2024-06-20",
        "lease_end_date": "2028-07-31",
        "monthly_rent": 56048,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 77734
  }
}