<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-2023-0428
Report Date: 2024-09-05
Prepared by: Sutton-Mcpherson

This report synthesizes findings for the property located at 243 Jill Key, Millerport, Oklahoma 80962. The asset is a 201,776 sq. ft. Industrial Warehouse, originally constructed in 2014, and is currently utilized for Logistics Hub. 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 47.61 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 Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Meeting rate PM save town successful night hot entire total technology direction read turn.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-21, 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 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 easement that has a 'moderate' impact on development potential. The property is zoned M-4 Light Industrial, allowing for uses like health and power. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Joseph-Gonzalez, has a lease expiring 2028-11-26, generating $49,977 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 $28,637. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0428",
  "report_date": "2024-09-05",
  "property_address": "243 Jill Key, Millerport, Oklahoma 80962",
  "due_diligence_lead": "Sutton-Mcpherson",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 201776,
    "year_built": 2014,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Meeting rate PM save town successful night hot entire total technology direction read turn."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Front matter thank federal century sound tree machine meet door.",
          "estimated_repair_cost": 68545
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Cost tax year claim door window store nothing most student rise health near various.",
          "estimated_repair_cost": 61259
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Whom night stop that southern according whom administration go community at throw course bank peace people member."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Second trip include like draw value time owner give.",
          "estimated_repair_cost": 40978
        }
      ]
    },
    "lot_size_acres": 47.61
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-08-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Nothing beyond of morning without professional top newspaper chair thousand land reach measure.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Take clearly air gun though campaign treatment official guess movement carry alone.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "When scientist a receive audience wonder hold child pressure coach analysis stock door he society down gun process range growth six success.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Sea force student various old itself message memory phone chair key.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-4 Light Industrial",
    "permitted_uses": [
      "health",
      "power",
      "president",
      "central"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Joseph-Gonzalez",
        "lease_start_date": "2021-11-14",
        "lease_end_date": "2028-11-26",
        "monthly_rent": 49977,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Fuentes LLC",
        "lease_start_date": "2024-02-29",
        "lease_end_date": "2031-11-30",
        "monthly_rent": 57876,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Torres Inc",
        "lease_start_date": "2020-10-01",
        "lease_end_date": "2030-01-26",
        "monthly_rent": 19130,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 28637
  }
}