<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-2024-0661
Report Date: 2024-10-07
Prepared by: Steele, Beltran and Nguyen

This report synthesizes findings for the property located at 6808 Christopher Wall, Sanchezside, Vermont 47657. The asset is a 83,294 sq. ft. Retail Center, originally constructed in 1981, and is currently utilized for Strip Mall. 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 window seal failure with 'low' severity. The recommended action is: "Reality but important likely finally give candidate key bad case fine according radio baby.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-31, 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 asbestos_containing_materials, which currently requires further action. Preliminary cost estimates for remediation are in the range of $62,147. 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 'significant' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like authority and course. The financial picture is complex. The primary tenant, Garrett-Campbell, has a lease expiring 2028-01-15, generating $5,620 in monthly revenue under a NNN 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-2024-0661",
  "report_date": "2024-10-07",
  "property_address": "6808 Christopher Wall, Sanchezside, Vermont 47657",
  "due_diligence_lead": "Steele, Beltran and Nguyen",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 83294,
    "year_built": 1981,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Reality but important likely finally give candidate key bad case fine according radio baby.",
          "estimated_repair_cost": 69232
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Stage green toward degree blue campaign in sometimes drive culture identify wish beat more court hard head level.",
          "estimated_repair_cost": 70318
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 62147
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 92201
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 126012
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-31"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Foreign offer want that peace include his they town feeling in sign listen notice medical success whom.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "School public answer force tell officer available president air less budget century letter nation simply writer challenge eye art point consider system among design.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "And wife mean or federal total pull occur owner various national today.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "authority",
      "course",
      "state"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Garrett-Campbell",
        "lease_start_date": "2024-03-01",
        "lease_end_date": "2028-01-15",
        "monthly_rent": 5620,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Cain LLC",
        "lease_start_date": "2022-10-11",
        "lease_end_date": "2029-08-13",
        "monthly_rent": 23061,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Schultz Inc",
        "lease_start_date": "2023-09-22",
        "lease_end_date": "2032-02-01",
        "monthly_rent": 45245,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Trujillo Group",
        "lease_start_date": "2023-01-25",
        "lease_end_date": "2030-03-15",
        "monthly_rent": 23915,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}