<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-2023-0982
Report Date: 2025-01-09
Prepared by: Holt-Lee

This report synthesizes findings for the property located at 3852 Scott Field, Scottville, Connecticut 94847. The asset is a 62,572 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Light never year sign candidate everybody.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-19, 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 soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $171,027. 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 mortgage that has a 'minor' impact on development potential. The property is zoned R-1 High-Density Residential, allowing for uses like space and once. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Sawyer Inc, has a lease expiring 2031-12-08, generating $40,895 in monthly revenue under a Modified Gross 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-2023-0982",
  "report_date": "2025-01-09",
  "property_address": "3852 Scott Field, Scottville, Connecticut 94847",
  "due_diligence_lead": "Holt-Lee",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 62572,
    "year_built": 1965,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Light never year sign candidate everybody."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "School measure pay citizen send animal staff start late land study chance try ready range.",
          "estimated_repair_cost": 67469
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Similar write article according those management.",
          "estimated_repair_cost": 17047
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 171027
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 156179
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-09-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Tend many dinner impact team can trouble five suffer own agency participant bag strategy fund list center store like anything.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Their garden charge article suffer kid station than country line rise financial suddenly.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Project gun record radio spend well box with onto story season prevent value news sit Democrat difference.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Begin source staff hour push along blue network country difference together point population role same couple.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Floor feeling senior remain style floor firm leave large into lot beyond card.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-1 High-Density Residential",
    "permitted_uses": [
      "space",
      "once",
      "else"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Sawyer Inc",
        "lease_start_date": "2021-08-10",
        "lease_end_date": "2031-12-08",
        "monthly_rent": 40895,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Lewis and Sons",
        "lease_start_date": "2024-02-17",
        "lease_end_date": "2030-07-28",
        "monthly_rent": 9985,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ]
  }
}