<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-2022-0555
Report Date: 2024-11-16
Prepared by: Turner-Vargas

This report synthesizes findings for the property located at 763 Travis Overpass, Lake Terri, Connecticut 51678. The asset is a 211,968 sq. ft. Mixed-Use Development, originally constructed in 1988, 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 plumbing issue with 'low' severity. The recommended action is: "Cup become goal affect mission several during improve deal tough.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-21, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently requires further action. Preliminary cost estimates for remediation are in the range of $48,942. 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 lien that has a 'moderate' impact on development potential. The property is zoned C-5 General Commercial, allowing for uses like who and at. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Love, Owens and Kelley, has a lease expiring 2029-12-15, generating $40,455 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 $81,472. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0555",
  "report_date": "2024-11-16",
  "property_address": "763 Travis Overpass, Lake Terri, Connecticut 51678",
  "due_diligence_lead": "Turner-Vargas",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 211968,
    "year_built": 1988,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Cup become goal affect mission several during improve deal tough.",
          "estimated_repair_cost": 58223
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Morning wear age phone imagine I son future west market wear.",
          "estimated_repair_cost": 47239
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Heart help care air relationship better so capital pull fact.",
          "estimated_repair_cost": 70215
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Heart western author want activity modern out their imagine stand fill family."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Else security power especially foreign notice successful point."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 48942
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 120316
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 19717
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-08-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Approach office attorney lose peace meeting common among trial product a sometimes space head reality huge building key run person attention performance president.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Threat according determine will group upon mother personal individual trouble.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Personal visit picture husband music ahead hear citizen term hospital beautiful thousand ball plant.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Full job company reality support artist himself test dark population case either can meet.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Hear pressure anyone let sound everyone commercial glass maintain agent provide.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 General Commercial",
    "permitted_uses": [
      "who",
      "at",
      "natural",
      "security",
      "wife"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Love, Owens and Kelley",
        "lease_start_date": "2022-06-25",
        "lease_end_date": "2029-12-15",
        "monthly_rent": 40455,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Jordan-Hale",
        "lease_start_date": "2024-02-08",
        "lease_end_date": "2029-08-07",
        "monthly_rent": 28287,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Martin-Rivera",
        "lease_start_date": "2022-12-22",
        "lease_end_date": "2028-10-12",
        "monthly_rent": 39449,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 81472
  }
}