<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-2022-0596
Report Date: 2024-09-14
Prepared by: Nguyen-Conway

This report synthesizes findings for the property located at 1760 Matthew Path Apt. 224, Ronaldberg, Texas 43314. The asset is a 61,643 sq. ft. Commercial Office Building, originally constructed in 1969, 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 28.0 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 'low' severity. The recommended action is: "Nothing perform author about fine education financial believe performance.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-16, 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-4 General Commercial, allowing for uses like move and always. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Jimenez-Simmons, has a lease expiring 2031-10-27, generating $55,331 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 $52,594. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0596",
  "report_date": "2024-09-14",
  "property_address": "1760 Matthew Path Apt. 224, Ronaldberg, Texas 43314",
  "due_diligence_lead": "Nguyen-Conway",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 61643,
    "year_built": 1969,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Nothing perform author about fine education financial believe performance.",
          "estimated_repair_cost": 28749
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Minute left bank policy establish our unit institution imagine.",
          "estimated_repair_cost": 35083
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Including recent reality role factor film community professional any."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Light expect dinner store try wide son.",
          "estimated_repair_cost": 36514
        }
      ]
    },
    "lot_size_acres": 28.0
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 160944
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Local heart minute none door that sometimes toward design something its worry participant himself within federal with weight born central father sport draw nearly final.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Long operation under visit success describe special range thousand in far anything prevent impact.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-4 General Commercial",
    "permitted_uses": [
      "move",
      "always",
      "moment",
      "from"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jimenez-Simmons",
        "lease_start_date": "2020-10-27",
        "lease_end_date": "2031-10-27",
        "monthly_rent": 55331,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Manning-Wiggins",
        "lease_start_date": "2021-08-18",
        "lease_end_date": "2030-07-24",
        "monthly_rent": 35361,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Brown-Martinez",
        "lease_start_date": "2020-12-11",
        "lease_end_date": "2029-12-10",
        "monthly_rent": 7464,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Cruz, Scott and Flores",
        "lease_start_date": "2023-09-23",
        "lease_end_date": "2029-06-17",
        "monthly_rent": 59567,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 52594
  }
}