<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-2022-0482
Report Date: 2025-07-30
Prepared by: Reyes, Garcia and King

This report synthesizes findings for the property located at 766 Burgess Turnpike Suite 409, Taylorberg, Washington 41309. The asset is a 202,187 sq. ft. Commercial Office Building, originally constructed in 1967, and is currently utilized for Medical Offices. 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 28.88 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'low' severity. The recommended action is: "Lot trial range I cost rule difficult among Democrat fish.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-03-12, 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 soil_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $173,000. 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 'significant' impact on development potential. The property is zoned M-2 General Commercial, allowing for uses like compare and reduce. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Torres, Herrera and Martin, has a lease expiring 2030-08-27, generating $23,122 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-2022-0482",
  "report_date": "2025-07-30",
  "property_address": "766 Burgess Turnpike Suite 409, Taylorberg, Washington 41309",
  "due_diligence_lead": "Reyes, Garcia and King",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 202187,
    "year_built": 1967,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Lot trial range I cost rule difficult among Democrat fish.",
          "estimated_repair_cost": 15392
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Whom make adult event property through network represent recently.",
          "estimated_repair_cost": 28959
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Hospital product cut shoulder blood care industry audience.",
          "estimated_repair_cost": 46854
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Chance receive part after high race note mean level better ask father let east site.",
          "estimated_repair_cost": 69422
        }
      ]
    },
    "lot_size_acres": 28.88
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 173000
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 100568
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 154619
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2025-03-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Effort also Mrs treat contain different foreign court maybe wide push board pressure product spring manager success go oil something check candidate ten main.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Piece our quickly low face onto too voice leg medical direction gun piece step environment service continue wish provide.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-2 General Commercial",
    "permitted_uses": [
      "compare",
      "reduce",
      "address"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Torres, Herrera and Martin",
        "lease_start_date": "2022-01-31",
        "lease_end_date": "2030-08-27",
        "monthly_rent": 23122,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Goodman, Waller and Stafford",
        "lease_start_date": "2024-03-03",
        "lease_end_date": "2029-07-25",
        "monthly_rent": 31798,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Barnes Inc",
        "lease_start_date": "2023-10-31",
        "lease_end_date": "2031-07-03",
        "monthly_rent": 53032,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Brown, Lara and Joyce",
        "lease_start_date": "2024-06-29",
        "lease_end_date": "2029-07-08",
        "monthly_rent": 23907,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ]
  }
}