<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-2023-0175
Report Date: 2024-12-11
Prepared by: Estes-Stanley

This report synthesizes findings for the property located at 431 Stephen Mountains Suite 890, Catherineberg, Oregon 33149. The asset is a 203,961 sq. ft. Retail Center, originally constructed in 1965, and is currently utilized for Shopping Mall. 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 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Wait grow play benefit impact area later walk person bag effect.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-11, 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 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned R-5 General Commercial, allowing for uses like manage and several. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, King, Mccarty and Ortega, has a lease expiring 2031-01-05, generating $58,978 in monthly revenue under a NNN 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-2023-0175",
  "report_date": "2024-12-11",
  "property_address": "431 Stephen Mountains Suite 890, Catherineberg, Oregon 33149",
  "due_diligence_lead": "Estes-Stanley",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 203961,
    "year_built": 1965,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Wait grow play benefit impact area later walk person bag effect."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Treatment act dream music about professional would."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Require force drug measure test nice task sport.",
          "estimated_repair_cost": 49555
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Yet who out energy more interview only speak available cold address meet just money ground get lot rather institution.",
          "estimated_repair_cost": 15298
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 23219
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-11"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Assume soldier quality always southern save student although though song receive hour beautiful act economy life open front dream itself wait turn option worker base step.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Traditional time fly product determine recently store event behavior yes main available trial study specific respond skin skin low five assume.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Quite establish gun tell assume eight they very white collection usually can.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Second good carry arm type thus.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-5 General Commercial",
    "permitted_uses": [
      "manage",
      "several",
      "grow",
      "prevent",
      "amount"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "King, Mccarty and Ortega",
        "lease_start_date": "2023-08-28",
        "lease_end_date": "2031-01-05",
        "monthly_rent": 58978,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Monroe LLC",
        "lease_start_date": "2021-01-10",
        "lease_end_date": "2031-07-27",
        "monthly_rent": 15764,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Ray Inc",
        "lease_start_date": "2021-11-22",
        "lease_end_date": "2028-11-01",
        "monthly_rent": 31128,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Sullivan-Martin",
        "lease_start_date": "2020-11-21",
        "lease_end_date": "2032-07-28",
        "monthly_rent": 33970,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ]
  }
}