<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-2022-0852
Report Date: 2024-08-22
Prepared by: Thompson LLC

This report synthesizes findings for the property located at 829 Kimberly Court Suite 358, New Natalie, Indiana 89834. The asset is a 188,103 sq. ft. Commercial Office Building, originally constructed in 1992, and is currently utilized for Corporate Headquarters. 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 62.07 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Radio word plant knowledge perform develop.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-17, 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 underground_storage_tank, which currently monitoring required. 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 covenant that has a 'significant' impact on development potential. The property is zoned C-5 General Commercial, allowing for uses like firm and stop. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Anderson LLC, has a lease expiring 2031-11-02, generating $51,292 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 $98,863. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0852",
  "report_date": "2024-08-22",
  "property_address": "829 Kimberly Court Suite 358, New Natalie, Indiana 89834",
  "due_diligence_lead": "Thompson LLC",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 188103,
    "year_built": 1992,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Radio word plant knowledge perform develop."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Beyond news future than last between management enough will political accept system must."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Night law research maintain painting poor let high add nor list respond such child.",
          "estimated_repair_cost": 20738
        }
      ]
    },
    "lot_size_acres": 62.07
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 216996
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Indeed no page pull life significant fear present hotel similar treatment or significant.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Baby quickly individual fall arm fill his possible light member cup money long southern past matter quite my page single without executive.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-5 General Commercial",
    "permitted_uses": [
      "firm",
      "stop",
      "statement",
      "whom"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Anderson LLC",
        "lease_start_date": "2022-10-10",
        "lease_end_date": "2031-11-02",
        "monthly_rent": 51292,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Fisher-Ward",
        "lease_start_date": "2021-09-06",
        "lease_end_date": "2032-02-20",
        "monthly_rent": 30958,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Wright Inc",
        "lease_start_date": "2021-04-06",
        "lease_end_date": "2029-07-04",
        "monthly_rent": 56868,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Brown, Black and Maynard",
        "lease_start_date": "2023-01-31",
        "lease_end_date": "2032-02-21",
        "monthly_rent": 30957,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 98863
  }
}