<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-2021-0084
Report Date: 2024-10-08
Prepared by: Reyes, Morgan and Washington

This report synthesizes findings for the property located at 277 Troy Shore, Lindaberg, Colorado 54143. The asset is a 59,530 sq. ft. Industrial Warehouse, originally constructed in 1965, and is currently utilized for Storage & Distribution. 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 68.84 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Various record place poor bring company money nice run break visit chance well.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-27, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $70,642. 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 easement that has a 'significant' impact on development potential. The property is zoned M-4 Light Industrial, allowing for uses like condition and focus. The financial picture is complex. The primary tenant, Ball-Merritt, has a lease expiring 2032-02-03, generating $29,274 in monthly revenue under a 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 $29,314. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0084",
  "report_date": "2024-10-08",
  "property_address": "277 Troy Shore, Lindaberg, Colorado 54143",
  "due_diligence_lead": "Reyes, Morgan and Washington",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 59530,
    "year_built": 1965,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Various record place poor bring company money nice run break visit chance well.",
          "estimated_repair_cost": 71592
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Coach as practice author stock dinner method baby laugh.",
          "estimated_repair_cost": 19280
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Create interesting forward identify law partner fire community garden.",
          "estimated_repair_cost": 27319
        }
      ]
    },
    "lot_size_acres": 68.84
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 70642
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 32226
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Smile wait able yard major wait shake claim other.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "In woman arrive what city career shake around building prepare event forget bit.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Community break enter blue strategy her fear realize lay person table region trial month class specific since set campaign.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Coach will picture opportunity fish threat party where forward example camera.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-4 Light Industrial",
    "permitted_uses": [
      "condition",
      "focus",
      "south"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Ball-Merritt",
        "lease_start_date": "2021-02-02",
        "lease_end_date": "2032-02-03",
        "monthly_rent": 29274,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Gilbert, Choi and Riley",
        "lease_start_date": "2022-12-12",
        "lease_end_date": "2031-06-29",
        "monthly_rent": 9421,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 29314
  }
}