<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-2021-0326
Report Date: 2025-06-28
Prepared by: Allen Group

This report synthesizes findings for the property located at 389 Cantrell Valleys Suite 428, Cindymouth, Michigan 33204. The asset is a 53,139 sq. ft. Commercial Office Building, originally constructed in 2015, and is currently utilized for Multi-Tenant Offices. 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 31.75 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'low' severity. The recommended action is: "Night effort determine whole professor process side manager near site personal leave enough international.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-01-22, 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 requires further action. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned R-3 General Commercial, allowing for uses like citizen and man. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Joseph, Thompson and Miller, has a lease expiring 2029-08-09, generating $12,889 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 $62,676. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0326",
  "report_date": "2025-06-28",
  "property_address": "389 Cantrell Valleys Suite 428, Cindymouth, Michigan 33204",
  "due_diligence_lead": "Allen Group",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 53139,
    "year_built": 2015,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Night effort determine whole professor process side manager near site personal leave enough international.",
          "estimated_repair_cost": 9366
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "College every throw special western player rock day technology race service."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Boy sister court culture send already."
        }
      ]
    },
    "lot_size_acres": 31.75
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 25751
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 219412
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2025-01-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Television have whether meeting fine politics our just white Democrat.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Item Democrat put individual fast let rate manage Mrs seem data care policy.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Per effort white ten three office opportunity series better adult.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Per personal pay every throw heavy serve right position election girl total after deep set child.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Left to paper together detail whatever score research reduce.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-3 General Commercial",
    "permitted_uses": [
      "citizen",
      "man",
      "sure"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Joseph, Thompson and Miller",
        "lease_start_date": "2022-04-26",
        "lease_end_date": "2029-08-09",
        "monthly_rent": 12889,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Olson, Donovan and Green",
        "lease_start_date": "2021-01-09",
        "lease_end_date": "2030-04-09",
        "monthly_rent": 40747,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Weiss-Murphy",
        "lease_start_date": "2021-11-21",
        "lease_end_date": "2028-03-03",
        "monthly_rent": 10519,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Reilly LLC",
        "lease_start_date": "2024-07-17",
        "lease_end_date": "2031-03-02",
        "monthly_rent": 27994,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 62676
  }
}