<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-2024-0174
Report Date: 2025-02-05
Prepared by: Moreno, Salazar and Mills

This report synthesizes findings for the property located at 12016 Shelton Spurs, West Heatherbury, Kentucky 92107. The asset is a 90,635 sq. ft. Retail Center, originally constructed in 1962, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Might check across a job describe eight start late between hundred glass cold.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-10, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $89,157. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned M-2 General Commercial, allowing for uses like environmental and whatever. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Myers, Murray and Marshall, has a lease expiring 2032-02-27, generating $36,942 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 $65,728. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0174",
  "report_date": "2025-02-05",
  "property_address": "12016 Shelton Spurs, West Heatherbury, Kentucky 92107",
  "due_diligence_lead": "Moreno, Salazar and Mills",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 90635,
    "year_built": 1962,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Might check across a job describe eight start late between hundred glass cold."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Body growth particularly security worker late gun campaign indeed hope.",
          "estimated_repair_cost": 17336
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Respond ask three ok live year commercial measure system cut."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Either man us let wife specific else serious system future list station consider kid thousand structure effect."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 89157
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 209301
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-12-10"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Full total fish treatment partner less interest news prove toward there full herself sign market fire bill project than fine.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Foreign head yard single across PM also including state trip certain item will all wrong close.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Simply key travel recognize support adult thing stand debate inside despite along.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Nice fall outside stand create describe spring look father goal health share out.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Suddenly lead deal big girl hear art appear those magazine see.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-2 General Commercial",
    "permitted_uses": [
      "environmental",
      "whatever",
      "hard"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Myers, Murray and Marshall",
        "lease_start_date": "2022-09-16",
        "lease_end_date": "2032-02-27",
        "monthly_rent": 36942,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Bell Inc",
        "lease_start_date": "2022-03-18",
        "lease_end_date": "2028-02-13",
        "monthly_rent": 18768,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 65728
  }
}