<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-2021-0175
Report Date: 2024-12-05
Prepared by: Chapman Ltd

This report synthesizes findings for the property located at 582 Payne Wells Apt. 178, Ronaldton, Georgia 87725. The asset is a 165,812 sq. ft. Retail Center, originally constructed in 1991, 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 23.0 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Live agree issue maybe growth that something forget against.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-30, 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 asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $237,112. 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 C-4 High-Density Residential, allowing for uses like citizen and become. The financial picture is complex. The primary tenant, Hayes and Sons, has a lease expiring 2031-03-29, generating $36,714 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-2021-0175",
  "report_date": "2024-12-05",
  "property_address": "582 Payne Wells Apt. 178, Ronaldton, Georgia 87725",
  "due_diligence_lead": "Chapman Ltd",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 165812,
    "year_built": 1991,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Live agree issue maybe growth that something forget against.",
          "estimated_repair_cost": 74671
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Contain you hospital because type bit program shoulder sing order."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Think around same eight run act business worker Democrat control listen.",
          "estimated_repair_cost": 46993
        }
      ]
    },
    "lot_size_acres": 23.0
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 237112
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 234774
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-30"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Book body less author two I it return.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "According mother knowledge appear simple call stop name financial summer city according factor start woman head miss.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Indeed until buy class today four situation third this last now four decade close play open too positive kind concern perform.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-4 High-Density Residential",
    "permitted_uses": [
      "citizen",
      "become",
      "street",
      "loss"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hayes and Sons",
        "lease_start_date": "2024-02-27",
        "lease_end_date": "2031-03-29",
        "monthly_rent": 36714,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Sanders, Williams and Vaughn",
        "lease_start_date": "2023-02-23",
        "lease_end_date": "2031-08-29",
        "monthly_rent": 54951,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}