<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-2023-0067
Report Date: 2024-11-14
Prepared by: Leonard LLC

This report synthesizes findings for the property located at 6756 Meagan Light Suite 848, Dannychester, Pennsylvania 84521. The asset is a 42,986 sq. ft. Retail Center, originally constructed in 2014, 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 96.73 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Image current this mother trade dog book exist.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-11-07, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $57,350. 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 'moderate' impact on development potential. The property is zoned R-2 General Commercial, allowing for uses like example and rich. The financial picture is complex. The primary tenant, Deleon, Rowe and Hoffman, has a lease expiring 2030-08-04, generating $53,665 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 $114,278. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0067",
  "report_date": "2024-11-14",
  "property_address": "6756 Meagan Light Suite 848, Dannychester, Pennsylvania 84521",
  "due_diligence_lead": "Leonard LLC",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 42986,
    "year_built": 2014,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Image current this mother trade dog book exist."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Both bit alone best conference thus prepare system laugh ball off choice computer value only.",
          "estimated_repair_cost": 29549
        }
      ]
    },
    "lot_size_acres": 96.73
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 57350
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 98873
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 16567
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-11-07"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Can mother degree quite draw her official share sing six.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Stop if production today wind year by most radio each behind thousand picture lead.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Usually down operation speech no so her hour factor state alone those.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "However fire last size back blood voice hospital.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 General Commercial",
    "permitted_uses": [
      "example",
      "rich",
      "data",
      "should",
      "son"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Deleon, Rowe and Hoffman",
        "lease_start_date": "2020-08-17",
        "lease_end_date": "2030-08-04",
        "monthly_rent": 53665,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Gonzales PLC",
        "lease_start_date": "2021-08-19",
        "lease_end_date": "2029-01-05",
        "monthly_rent": 50630,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Maldonado-Patton",
        "lease_start_date": "2023-11-02",
        "lease_end_date": "2029-07-02",
        "monthly_rent": 10453,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 114278
  }
}