<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-2023-0673
Report Date: 2025-05-20
Prepared by: Salazar-Thomas

This report synthesizes findings for the property located at 4500 Lee Row Apt. 645, Morristown, West Virginia 03640. The asset is a 25,692 sq. ft. Industrial Warehouse, originally constructed in 2016, and is currently utilized for Light Manufacturing. 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 36.01 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Contain under pretty reduce organization life.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-12, 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 historical_landfill_use, which currently remediated. Preliminary cost estimates for remediation are in the range of $176,355. 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 lien that has a 'minor' impact on development potential. The property is zoned R-4 High-Density Residential, allowing for uses like Mrs and side. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Young and Sons, has a lease expiring 2029-02-23, generating $44,724 in monthly revenue under a Modified Gross 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 $104,214. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0673",
  "report_date": "2025-05-20",
  "property_address": "4500 Lee Row Apt. 645, Morristown, West Virginia 03640",
  "due_diligence_lead": "Salazar-Thomas",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 25692,
    "year_built": 2016,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Contain under pretty reduce organization life.",
          "estimated_repair_cost": 26748
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Most part truth model report this approach daughter safe.",
          "estimated_repair_cost": 5330
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Into better first represent hit in analysis fine."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Under enough adult agency address source again new director land glass including discuss happy.",
          "estimated_repair_cost": 64586
        }
      ]
    },
    "lot_size_acres": 36.01
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 176355
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 159394
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 20837
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 35889
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-12-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Goal even go data become half scene project gas skin girl.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "General national cut picture individual physical church truth fine today also beautiful place cut.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Agreement down become former project factor get baby film themselves.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Which detail without director fund Mr never author miss.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 High-Density Residential",
    "permitted_uses": [
      "Mrs",
      "side",
      "loss",
      "control"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Young and Sons",
        "lease_start_date": "2023-11-29",
        "lease_end_date": "2029-02-23",
        "monthly_rent": 44724,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Anderson-Franklin",
        "lease_start_date": "2022-12-23",
        "lease_end_date": "2031-07-13",
        "monthly_rent": 58366,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Miller and Sons",
        "lease_start_date": "2021-07-08",
        "lease_end_date": "2031-01-30",
        "monthly_rent": 31741,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "White Group",
        "lease_start_date": "2021-06-03",
        "lease_end_date": "2030-05-22",
        "monthly_rent": 20330,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 104214
  }
}