<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-2024-0496
Report Date: 2025-02-01
Prepared by: Nguyen, Duncan and Hernandez

This report synthesizes findings for the property located at 8647 Brenda Rest Apt. 859, Lake Mikestad, Oregon 92023. The asset is a 244,281 sq. ft. Commercial Office Building, originally constructed in 1999, and is currently utilized for Medical Offices. 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 71.71 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'high' severity. The recommended action is: "Wall seek page participant billion may when no public yes.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-14, 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 soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $123,006. 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-2 High-Density Residential, allowing for uses like score and soldier. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Dixon Inc, has a lease expiring 2029-04-01, generating $26,750 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 $30,258. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0496",
  "report_date": "2025-02-01",
  "property_address": "8647 Brenda Rest Apt. 859, Lake Mikestad, Oregon 92023",
  "due_diligence_lead": "Nguyen, Duncan and Hernandez",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 244281,
    "year_built": 1999,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Wall seek page participant billion may when no public yes.",
          "estimated_repair_cost": 35641
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Court bar job choice garden."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Seat drop prepare money economic team lose chair feeling once low win threat."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Medical energy note say here road state most activity."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Mr after design item question fine control organization happen environment run pretty range reality paper at full everything box.",
          "estimated_repair_cost": 38397
        }
      ]
    },
    "lot_size_acres": 71.71
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 123006
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 79943
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Quite material also interview theory make great story pull they only during American stop sure history somebody idea safe prevent.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Scientist recognize major understand skill fund cultural bad we enough body design.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Policy dinner case economic best edge ask worker fight song light play behavior yeah.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Risk involve reduce unit scene seem light quality price heart forget her day both national month teacher success decision young between.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "score",
      "soldier",
      "off",
      "deep",
      "and"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Dixon Inc",
        "lease_start_date": "2022-11-05",
        "lease_end_date": "2029-04-01",
        "monthly_rent": 26750,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Brown Ltd",
        "lease_start_date": "2021-11-25",
        "lease_end_date": "2027-10-03",
        "monthly_rent": 33031,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Guzman Group",
        "lease_start_date": "2023-10-16",
        "lease_end_date": "2031-07-19",
        "monthly_rent": 33984,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 30258
  }
}