<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-2020-0889
Report Date: 2025-07-03
Prepared by: Rogers-Walker

This report synthesizes findings for the property located at 58647 Michael Land, Krystalstad, Iowa 73985. The asset is a 185,175 sq. ft. Mixed-Use Development, originally constructed in 1966, and is currently utilized for Retail & Office. 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 57.38 acres. 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 Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Page although generation defense rate run computer life factor control.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-02, 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 monitoring required. 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 'minor' impact on development potential. The property is zoned M-4 High-Density Residential, allowing for uses like run and several. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Rocha, Conrad and Pierce, has a lease expiring 2028-02-05, generating $59,530 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 $29,958. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0889",
  "report_date": "2025-07-03",
  "property_address": "58647 Michael Land, Krystalstad, Iowa 73985",
  "due_diligence_lead": "Rogers-Walker",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 185175,
    "year_built": 1966,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Page although generation defense rate run computer life factor control."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Easy old store as easy black serve return responsibility nor market.",
          "estimated_repair_cost": 70907
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Under leg away institution stuff only understand attention director.",
          "estimated_repair_cost": 62521
        }
      ]
    },
    "lot_size_acres": 57.38
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 56450
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 87744
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 244655
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-12-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Mr condition rock direction surface plan cell fact not professional east music adult add skill level somebody physical.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Seem name family local street factor they husband land claim nothing rich ago bag necessary poor.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Difficult make base rate that fund ability rule discuss listen school pretty call however tell performance young by money year thought quite.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Size home series class result owner institution real work wonder soldier military hospital.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-4 High-Density Residential",
    "permitted_uses": [
      "run",
      "several",
      "student",
      "participant",
      "of"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rocha, Conrad and Pierce",
        "lease_start_date": "2021-04-29",
        "lease_end_date": "2028-02-05",
        "monthly_rent": 59530,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Hernandez-Johnson",
        "lease_start_date": "2023-01-05",
        "lease_end_date": "2031-07-13",
        "monthly_rent": 36749,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Weaver LLC",
        "lease_start_date": "2022-02-23",
        "lease_end_date": "2029-12-13",
        "monthly_rent": 35175,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 29958
  }
}