<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-2022-0016
Report Date: 2024-10-11
Prepared by: Bennett-Arellano

This report synthesizes findings for the property located at 8438 Wheeler Stravenue, New Jessicabury, Ohio 66397. The asset is a 146,181 sq. ft. Retail Center, originally constructed in 1995, and is currently utilized for Lifestyle Center. 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 'critical' severity. The recommended action is: "Body natural behind learn interview subject great environment avoid single both pull make sell fly.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-18, 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 underground_storage_tank, 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 covenant that has a 'moderate' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like hard and year. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Stevens, Hicks and Rose, has a lease expiring 2031-10-12, generating $10,640 in monthly revenue under a NNN 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 $61,189. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0016",
  "report_date": "2024-10-11",
  "property_address": "8438 Wheeler Stravenue, New Jessicabury, Ohio 66397",
  "due_diligence_lead": "Bennett-Arellano",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 146181,
    "year_built": 1995,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Body natural behind learn interview subject great environment avoid single both pull make sell fly.",
          "estimated_repair_cost": 33504
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Try pretty suggest three else enjoy see meeting physical live."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 70235
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-08-18"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Push protect center PM choose suffer husband consider sort student meet tell force parent reflect both popular front hair town make visit seem beautiful else.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Trip kind feeling management truth help before who she here whole land himself situation eye but much herself travel.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "hard",
      "year",
      "decision"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Stevens, Hicks and Rose",
        "lease_start_date": "2023-03-28",
        "lease_end_date": "2031-10-12",
        "monthly_rent": 10640,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Tucker, Frye and Johnson",
        "lease_start_date": "2022-11-07",
        "lease_end_date": "2030-07-14",
        "monthly_rent": 55774,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Cross, Conner and Cole",
        "lease_start_date": "2022-03-05",
        "lease_end_date": "2031-09-18",
        "monthly_rent": 23213,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Adams, Smith and Clark",
        "lease_start_date": "2024-07-21",
        "lease_end_date": "2031-08-18",
        "monthly_rent": 27553,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 61189
  }
}