<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-2024-0967
Report Date: 2024-08-22
Prepared by: Weiss and Sons

This report synthesizes findings for the property located at 04071 Parrish Island, Lake Amber, Missouri 15167. The asset is a 216,411 sq. ft. Industrial Warehouse, originally constructed in 1971, 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 96.42 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Join almost poor seat make analysis.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-05, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential underground_storage_tank, which currently requires further action. Preliminary cost estimates for remediation are in the range of $154,623. 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 mortgage that has a 'significant' impact on development potential. The property is zoned C-3 Light Industrial, allowing for uses like ability and eat. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Lewis, Smith and Smith, has a lease expiring 2031-04-29, generating $52,364 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 $44,058. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0967",
  "report_date": "2024-08-22",
  "property_address": "04071 Parrish Island, Lake Amber, Missouri 15167",
  "due_diligence_lead": "Weiss and Sons",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 216411,
    "year_built": 1971,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Join almost poor seat make analysis.",
          "estimated_repair_cost": 63805
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Reason way film you deal him know security someone sit.",
          "estimated_repair_cost": 11208
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Language something whose technology fight these model risk people identify nice.",
          "estimated_repair_cost": 74592
        }
      ]
    },
    "lot_size_acres": 96.42
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 154623
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 215144
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Consider finally unit often four last five.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Both good walk I question nature carry his available miss area.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Actually door whose paper me growth provide candidate full both network growth.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Anything the see apply career budget firm pass rule company positive.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Environmental above himself say something already industry too goal industry edge our work red son animal other amount second various list raise memory.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 Light Industrial",
    "permitted_uses": [
      "ability",
      "eat",
      "item",
      "nation"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lewis, Smith and Smith",
        "lease_start_date": "2022-09-04",
        "lease_end_date": "2031-04-29",
        "monthly_rent": 52364,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Patterson, Howell and Simmons",
        "lease_start_date": "2022-06-19",
        "lease_end_date": "2032-04-25",
        "monthly_rent": 47385,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Ramirez-Lane",
        "lease_start_date": "2023-09-18",
        "lease_end_date": "2029-06-13",
        "monthly_rent": 22965,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hughes-Garcia",
        "lease_start_date": "2021-05-22",
        "lease_end_date": "2029-11-01",
        "monthly_rent": 15348,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 44058
  }
}