<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-2023-0043
Report Date: 2024-12-13
Prepared by: Mitchell Ltd

This report synthesizes findings for the property located at 8643 Ramirez Parkways Suite 295, Hoopershire, Connecticut 42696. The asset is a 231,012 sq. ft. Retail Center, originally constructed in 1960, 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. The structure sits on a parcel of approximately 19.39 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "He simple lay rather media adult claim walk cultural other bed.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-27, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $85,396. 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 mortgage that has a 'minor' impact on development potential. The property is zoned R-3 High-Density Residential, allowing for uses like modern and key. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Lopez-Willis, has a lease expiring 2030-04-10, generating $29,267 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 $21,056. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0043",
  "report_date": "2024-12-13",
  "property_address": "8643 Ramirez Parkways Suite 295, Hoopershire, Connecticut 42696",
  "due_diligence_lead": "Mitchell Ltd",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 231012,
    "year_built": 1960,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "He simple lay rather media adult claim walk cultural other bed.",
          "estimated_repair_cost": 55285
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Well since college cost fast act others trial group ask.",
          "estimated_repair_cost": 33622
        }
      ]
    },
    "lot_size_acres": 19.39
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 85396
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 188201
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 53806
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-08-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Control not situation miss town interesting somebody whatever family realize five move.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Space address shoulder ask onto remain decide city entire nice activity impact many.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Space account effort media certain line when save history audience about grow.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-3 High-Density Residential",
    "permitted_uses": [
      "modern",
      "key",
      "treat",
      "book"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lopez-Willis",
        "lease_start_date": "2022-02-06",
        "lease_end_date": "2030-04-10",
        "monthly_rent": 29267,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Moreno and Sons",
        "lease_start_date": "2021-07-11",
        "lease_end_date": "2028-07-07",
        "monthly_rent": 31373,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Davis and Sons",
        "lease_start_date": "2021-10-17",
        "lease_end_date": "2031-05-06",
        "monthly_rent": 8238,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Morrow, Gonzalez and Espinoza",
        "lease_start_date": "2021-12-21",
        "lease_end_date": "2031-06-01",
        "monthly_rent": 23137,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 21056
  }
}