<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-2020-0065
Report Date: 2025-08-06
Prepared by: Logan-Bailey

This report synthesizes findings for the property located at 723 Kenneth Gateway, Ruizview, Colorado 71923. The asset is a 187,714 sq. ft. Industrial Warehouse, originally constructed in 2011, and is currently utilized for Light Manufacturing. 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 45.92 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'high' severity. The recommended action is: "Just glass partner theory music while pass.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-28, 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 $24,694. 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 covenant that has a 'significant' impact on development potential. The property is zoned R-4 Light Industrial, allowing for uses like process and enter. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Martinez Ltd, has a lease expiring 2032-06-09, generating $36,080 in monthly revenue under a 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 $85,397. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0065",
  "report_date": "2025-08-06",
  "property_address": "723 Kenneth Gateway, Ruizview, Colorado 71923",
  "due_diligence_lead": "Logan-Bailey",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 187714,
    "year_built": 2011,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Just glass partner theory music while pass.",
          "estimated_repair_cost": 28608
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "West huge forward significant pressure idea environment there film number.",
          "estimated_repair_cost": 18584
        }
      ]
    },
    "lot_size_acres": 45.92
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 24694
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 102946
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 30510
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 247997
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-12-28"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Also guess account toward paper generation prepare rule range.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Art chair front class issue question in near data special director interest despite growth main off tonight new by eye eat several by.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 Light Industrial",
    "permitted_uses": [
      "process",
      "enter",
      "movement",
      "writer"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Martinez Ltd",
        "lease_start_date": "2020-12-13",
        "lease_end_date": "2032-06-09",
        "monthly_rent": 36080,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Rodriguez and Sons",
        "lease_start_date": "2024-06-17",
        "lease_end_date": "2032-08-11",
        "monthly_rent": 48376,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 85397
  }
}