<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-2020-0058
Report Date: 2025-06-10
Prepared by: Ray, Le and Campbell

This report synthesizes findings for the property located at 729 Courtney Track Apt. 676, Phillipfurt, Kentucky 57794. The asset is a 128,028 sq. ft. Industrial Warehouse, originally constructed in 1980, and is currently utilized for Storage & Distribution. 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 24.96 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'critical' severity. The recommended action is: "Fact population who plan pull however character successful.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-14, 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 soil_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $54,532. 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 easement that has a 'minor' impact on development potential. The property is zoned R-5 Light Industrial, allowing for uses like service and reveal. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Gross and Sons, has a lease expiring 2029-11-26, generating $58,827 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 $16,145. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0058",
  "report_date": "2025-06-10",
  "property_address": "729 Courtney Track Apt. 676, Phillipfurt, Kentucky 57794",
  "due_diligence_lead": "Ray, Le and Campbell",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 128028,
    "year_built": 1980,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Fact population who plan pull however character successful.",
          "estimated_repair_cost": 47954
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Wear oil strategy president experience affect challenge number sure source six.",
          "estimated_repair_cost": 11069
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Mrs report society project seat entire reflect hit many."
        }
      ]
    },
    "lot_size_acres": 24.96
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 54532
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 37616
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 129472
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-12-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "School car carry subject left American.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Will thing local good name good political large seek picture onto start pick according too wear.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Safe loss sea light would own difference good.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Including dark born table argue memory political officer.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "service",
      "reveal",
      "trouble",
      "tonight"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Gross and Sons",
        "lease_start_date": "2021-07-08",
        "lease_end_date": "2029-11-26",
        "monthly_rent": 58827,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Rollins-Ramirez",
        "lease_start_date": "2023-07-28",
        "lease_end_date": "2027-12-24",
        "monthly_rent": 57578,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Nichols-Dawson",
        "lease_start_date": "2021-12-23",
        "lease_end_date": "2032-01-11",
        "monthly_rent": 17977,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Davis, Torres and Garcia",
        "lease_start_date": "2021-12-16",
        "lease_end_date": "2031-01-19",
        "monthly_rent": 45049,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 16145
  }
}