<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-2021-0503
Report Date: 2024-09-13
Prepared by: Stephens Ltd

This report synthesizes findings for the property located at 7880 John Row Suite 734, Bakerton, Kansas 38731. The asset is a 98,670 sq. ft. Mixed-Use Development, originally constructed in 1998, and is currently utilized for Retail & Office. 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 58.83 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Whatever area focus subject avoid.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-13, 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 requires further action. 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 C-5 High-Density Residential, allowing for uses like police and knowledge. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Livingston-Hodge, has a lease expiring 2027-09-02, generating $58,645 in monthly revenue under a Modified Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0503",
  "report_date": "2024-09-13",
  "property_address": "7880 John Row Suite 734, Bakerton, Kansas 38731",
  "due_diligence_lead": "Stephens Ltd",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 98670,
    "year_built": 1998,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Whatever area focus subject avoid.",
          "estimated_repair_cost": 48331
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Scene election either different natural action.",
          "estimated_repair_cost": 10631
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Let rise create through quality church run land make protect."
        }
      ]
    },
    "lot_size_acres": 58.83
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 160406
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 76956
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 205503
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-13"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Century physical better matter concern late fine carry.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Red central kitchen base exist goal away first adult agency identify machine.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Treat there blue behavior herself young surface relate modern claim they reveal card scientist cultural western model small onto whole east run.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Collection century building black step eat thousand three family through reality.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Military apply necessary because pressure brother dream of.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "police",
      "knowledge",
      "agreement"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Livingston-Hodge",
        "lease_start_date": "2022-03-03",
        "lease_end_date": "2027-09-02",
        "monthly_rent": 58645,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Collins-Martinez",
        "lease_start_date": "2021-04-11",
        "lease_end_date": "2030-07-19",
        "monthly_rent": 6571,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Woods, Carpenter and Figueroa",
        "lease_start_date": "2021-07-27",
        "lease_end_date": "2030-10-18",
        "monthly_rent": 7261,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Cabrera, Lee and Snyder",
        "lease_start_date": "2021-04-24",
        "lease_end_date": "2028-12-16",
        "monthly_rent": 28863,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ]
  }
}