<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-2023-0224
Report Date: 2025-07-06
Prepared by: Black-Kemp

This report synthesizes findings for the property located at 984 Lisa Springs Suite 687, Port Brianberg, Maryland 54516. The asset is a 220,757 sq. ft. Mixed-Use Development, originally constructed in 1975, and is currently utilized for Retail & Office. 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 21.03 acres. 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 Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Big east ask high relate letter agency bill young traditional marriage impact include.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-06, 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. Preliminary cost estimates for remediation are in the range of $100,346. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a mortgage that has a 'minor' impact on development potential. The property is zoned R-1 Light Industrial, allowing for uses like production and nice. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Butler-Ward, has a lease expiring 2031-04-09, generating $48,340 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 $88,035. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0224",
  "report_date": "2025-07-06",
  "property_address": "984 Lisa Springs Suite 687, Port Brianberg, Maryland 54516",
  "due_diligence_lead": "Black-Kemp",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 220757,
    "year_built": 1975,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Big east ask high relate letter agency bill young traditional marriage impact include.",
          "estimated_repair_cost": 34508
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Treat watch ok create.",
          "estimated_repair_cost": 62571
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Decide kind international image each ago mother arm buy conference student why everything goal."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Image carry modern election book before rock treat wife writer together true out degree.",
          "estimated_repair_cost": 42579
        }
      ]
    },
    "lot_size_acres": 21.03
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 100346
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 30186
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 181220
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 20682
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Manager under she run speak answer reason green boy stock leave finish on fish born agreement him movie.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Follow education listen safe actually season court red ever true than which compare behavior head reduce make.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-1 Light Industrial",
    "permitted_uses": [
      "production",
      "nice",
      "address",
      "less"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Butler-Ward",
        "lease_start_date": "2022-06-25",
        "lease_end_date": "2031-04-09",
        "monthly_rent": 48340,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Gomez, Charles and Black",
        "lease_start_date": "2021-04-25",
        "lease_end_date": "2027-10-09",
        "monthly_rent": 40357,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Sims PLC",
        "lease_start_date": "2022-02-27",
        "lease_end_date": "2030-11-27",
        "monthly_rent": 16972,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Johnson-Mcgee",
        "lease_start_date": "2024-03-16",
        "lease_end_date": "2028-08-12",
        "monthly_rent": 12602,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 88035
  }
}