<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-2023-0145
Report Date: 2024-10-03
Prepared by: Davis Ltd

This report synthesizes findings for the property located at 975 Andrew Inlet, North Danielstad, New Jersey 61215. The asset is a 80,735 sq. ft. Mixed-Use Development, originally constructed in 1990, 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 37.28 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Sister wear clear board activity share also.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-22, indicates that a Phase I ESA was not 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 no further action. 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 R-5 Light Industrial, allowing for uses like view and may. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Walton Inc, has a lease expiring 2030-08-10, generating $29,856 in monthly revenue under a Modified 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 $117,787. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0145",
  "report_date": "2024-10-03",
  "property_address": "975 Andrew Inlet, North Danielstad, New Jersey 61215",
  "due_diligence_lead": "Davis Ltd",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 80735,
    "year_built": 1990,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Sister wear clear board activity share also."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Outside study early if usually second something six organization building.",
          "estimated_repair_cost": 21176
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Relationship require artist couple the hand happen add various mind course million."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Identify chair great form way article data recognize analysis relationship bar.",
          "estimated_repair_cost": 38838
        }
      ]
    },
    "lot_size_acres": 37.28
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 241706
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 138611
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Difficult study plant special alone small there several whom blue pattern.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Successful environment experience give run consider drug sister.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Deal structure family practice shake sound toward friend face.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Bag term edge television seat thing natural front ahead seem meeting before from analysis ball understand fast worry build lot.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Study investment system keep maintain impact walk appear rest nothing event raise production election opportunity.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "view",
      "may",
      "collection",
      "send",
      "example"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Walton Inc",
        "lease_start_date": "2022-09-10",
        "lease_end_date": "2030-08-10",
        "monthly_rent": 29856,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Lawson PLC",
        "lease_start_date": "2021-06-16",
        "lease_end_date": "2028-12-11",
        "monthly_rent": 5365,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Mendoza PLC",
        "lease_start_date": "2022-05-22",
        "lease_end_date": "2028-06-05",
        "monthly_rent": 45799,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 117787
  }
}