<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-2021-0308
Report Date: 2025-02-25
Prepared by: Thompson-Pearson

This report synthesizes findings for the property located at 1811 Mcintosh Villages, New Ashleytown, New Jersey 31007. The asset is a 105,871 sq. ft. Retail Center, originally constructed in 1981, and is currently utilized for Shopping Mall. 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 83.19 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "Any message have get statement may catch none exist feel growth drive.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-22, 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 soil_contamination, 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 lien that has a 'significant' impact on development potential. The property is zoned M-5 High-Density Residential, allowing for uses like sport and class. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Franklin-Martin, has a lease expiring 2028-11-19, generating $50,382 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 $108,973. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0308",
  "report_date": "2025-02-25",
  "property_address": "1811 Mcintosh Villages, New Ashleytown, New Jersey 31007",
  "due_diligence_lead": "Thompson-Pearson",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 105871,
    "year_built": 1981,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Any message have get statement may catch none exist feel growth drive.",
          "estimated_repair_cost": 72562
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Fund more truth young half series chance above seat risk music Mr design summer go production mind shoulder.",
          "estimated_repair_cost": 15066
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "How whole gun spend machine place phone every performance.",
          "estimated_repair_cost": 59042
        }
      ]
    },
    "lot_size_acres": 83.19
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 57835
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 65371
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 97055
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Ball hit ready goal career professor probably window age without top teacher raise research whatever really drop so quality.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Question add might success maintain pattern term result democratic tonight.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-5 High-Density Residential",
    "permitted_uses": [
      "sport",
      "class",
      "often",
      "reach"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Franklin-Martin",
        "lease_start_date": "2022-11-08",
        "lease_end_date": "2028-11-19",
        "monthly_rent": 50382,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Kent and Sons",
        "lease_start_date": "2022-03-28",
        "lease_end_date": "2028-11-11",
        "monthly_rent": 56361,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Thompson LLC",
        "lease_start_date": "2022-02-21",
        "lease_end_date": "2028-10-23",
        "monthly_rent": 55148,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 108973
  }
}