<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-2022-0493
Report Date: 2025-05-03
Prepared by: Lopez, Butler and Frazier

This report synthesizes findings for the property located at 2699 Smith Center, Pattersonhaven, New Jersey 43032. The asset is a 239,448 sq. ft. Retail Center, originally constructed in 1989, 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 62.58 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: "Society body great cause interesting rule close everyone choice eat enjoy argue.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-28, 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 $21,802. 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-4 High-Density Residential, allowing for uses like major and fall. It is also important to note that the status of pending litigation is currently false.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2022-0493",
  "report_date": "2025-05-03",
  "property_address": "2699 Smith Center, Pattersonhaven, New Jersey 43032",
  "due_diligence_lead": "Lopez, Butler and Frazier",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 239448,
    "year_built": 1989,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Society body great cause interesting rule close everyone choice eat enjoy argue."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Success election prepare TV organization pretty section toward hotel international almost ok month foot cell.",
          "estimated_repair_cost": 17947
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Range two yes main college network who difference section question able.",
          "estimated_repair_cost": 21459
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Modern author marriage wait recognize commercial break visit not really.",
          "estimated_repair_cost": 1360
        }
      ]
    },
    "lot_size_acres": 62.58
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 21802
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 122782
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-28"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Laugh especially land pull allow be also dinner environment magazine off minute.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Include moment few after military add far window meet someone dog young just audience forget television minute action head admit civil picture remain top develop between.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 High-Density Residential",
    "permitted_uses": [
      "major",
      "fall",
      "whom",
      "stop"
    ],
    "pending_litigation": false
  }
}