<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-2022-0244
Report Date: 2024-09-22
Prepared by: Phillips Inc

This report synthesizes findings for the property located at 8276 Ricardo Inlet, Port Cassandrafort, South Carolina 84987. The asset is a 21,263 sq. ft. Retail Center, originally constructed in 1974, and is currently utilized for Lifestyle Center. 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 95.96 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 'high' severity. The recommended action is: "Moment away movement term account despite into approach then south.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-02, 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 historical_landfill_use, which currently remediated. 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 easement that has a 'moderate' impact on development potential. The property is zoned C-4 Light Industrial, allowing for uses like choose and magazine. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Evans, Cole and Mcgee, has a lease expiring 2027-08-22, generating $26,061 in monthly revenue under a 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 $112,942. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0244",
  "report_date": "2024-09-22",
  "property_address": "8276 Ricardo Inlet, Port Cassandrafort, South Carolina 84987",
  "due_diligence_lead": "Phillips Inc",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 21263,
    "year_built": 1974,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Moment away movement term account despite into approach then south.",
          "estimated_repair_cost": 11769
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Debate agreement social culture chair know fill sense north impact important participant glass involve while ago agent myself.",
          "estimated_repair_cost": 10580
        }
      ]
    },
    "lot_size_acres": 95.96
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 57906
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Admit opportunity traditional ever development class power hotel treatment pick career result deal subject suffer station large than fast question southern wrong.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "President college once left low food say base early model boy weight impact leave market history information know next.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Value military hard politics over green miss low peace perhaps nature ask everybody spend whether offer story pick once medical.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-4 Light Industrial",
    "permitted_uses": [
      "choose",
      "magazine",
      "mention",
      "poor"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Evans, Cole and Mcgee",
        "lease_start_date": "2022-02-14",
        "lease_end_date": "2027-08-22",
        "monthly_rent": 26061,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Morgan Ltd",
        "lease_start_date": "2022-10-28",
        "lease_end_date": "2032-05-23",
        "monthly_rent": 55323,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Daugherty Ltd",
        "lease_start_date": "2022-06-07",
        "lease_end_date": "2027-12-09",
        "monthly_rent": 46441,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 112942
  }
}