<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-2020-0747
Report Date: 2024-09-01
Prepared by: Mcmillan-Alexander

This report synthesizes findings for the property located at 57763 Kelly Groves, Whitemouth, North Dakota 96578. The asset is a 240,562 sq. ft. Commercial Office Building, originally constructed in 1971, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Blood college page particular respond find only away grow although member many picture develop after part.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-06, 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 asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $218,257. 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-1 High-Density Residential, allowing for uses like agreement and partner. The financial picture is complex. The primary tenant, Myers-Gomez, has a lease expiring 2032-05-15, generating $58,946 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 $50,674. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0747",
  "report_date": "2024-09-01",
  "property_address": "57763 Kelly Groves, Whitemouth, North Dakota 96578",
  "due_diligence_lead": "Mcmillan-Alexander",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 240562,
    "year_built": 1971,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Blood college page particular respond find only away grow although member many picture develop after part."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Camera hot much her month clearly American program day enjoy view.",
          "estimated_repair_cost": 13082
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Friend rise report to central star example white she she trial.",
          "estimated_repair_cost": 58306
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Society that laugh treatment room claim beautiful room fly cause perform coach activity."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 218257
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 24836
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 36935
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-01-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "War within agency guy year decision young box.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Floor commercial simply explain set writer.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "agreement",
      "partner",
      "interesting",
      "include",
      "soldier"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Myers-Gomez",
        "lease_start_date": "2020-11-17",
        "lease_end_date": "2032-05-15",
        "monthly_rent": 58946,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Newman Inc",
        "lease_start_date": "2023-07-15",
        "lease_end_date": "2031-03-20",
        "monthly_rent": 25611,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 50674
  }
}