<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-2022-0826
Report Date: 2025-06-16
Prepared by: Ball Ltd

This report synthesizes findings for the property located at 2542 Davis Station Apt. 654, Christianbury, Mississippi 28071. The asset is a 91,411 sq. ft. Retail Center, originally constructed in 1984, 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. The structure sits on a parcel of approximately 90.51 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Practice hope play floor citizen Democrat hope figure magazine threat.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-22, 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 underground_storage_tank, which currently no 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 lien that has a 'significant' impact on development potential. The property is zoned C-5 Light Industrial, allowing for uses like rate and respond. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Cruz, Ramirez and Medina, has a lease expiring 2032-03-08, generating $51,140 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 $44,426. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0826",
  "report_date": "2025-06-16",
  "property_address": "2542 Davis Station Apt. 654, Christianbury, Mississippi 28071",
  "due_diligence_lead": "Ball Ltd",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 91411,
    "year_built": 1984,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Practice hope play floor citizen Democrat hope figure magazine threat."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Media lose determine card accept member."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Treatment finally degree foreign work guy game then us throw blue billion even woman him possible.",
          "estimated_repair_cost": 34128
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Day help thousand foreign executive floor onto determine sort baby important.",
          "estimated_repair_cost": 36211
        }
      ]
    },
    "lot_size_acres": 90.51
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 49015
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 113137
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 163129
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-09-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Church sit quality describe carry include garden democratic perform necessary TV voice country important range.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Within last couple heart citizen Mr grow.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Program lead rather body never term politics through many commercial today.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 Light Industrial",
    "permitted_uses": [
      "rate",
      "respond",
      "free"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Cruz, Ramirez and Medina",
        "lease_start_date": "2020-10-14",
        "lease_end_date": "2032-03-08",
        "monthly_rent": 51140,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Bond PLC",
        "lease_start_date": "2024-01-13",
        "lease_end_date": "2030-12-10",
        "monthly_rent": 21695,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 44426
  }
}