<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-2020-0021
Report Date: 2025-03-13
Prepared by: Thomas, Jones and Meyers

This report synthesizes findings for the property located at 63745 Mahoney Estate Apt. 029, West Heatherborough, Texas 91092. The asset is a 122,451 sq. ft. Industrial Warehouse, originally constructed in 2010, and is currently utilized for Light Manufacturing. 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 11.9 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Positive look month process garden medical right example son policy lay sometimes course human baby.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-24, 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 true. We have noted multiple encumbrances, such as a covenant that has a 'minor' impact on development potential. The property is zoned M-3 General Commercial, allowing for uses like box and technology. The financial picture is complex. The primary tenant, Rodriguez LLC, has a lease expiring 2028-12-26, generating $30,554 in monthly revenue under a NNN 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 $104,138. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0021",
  "report_date": "2025-03-13",
  "property_address": "63745 Mahoney Estate Apt. 029, West Heatherborough, Texas 91092",
  "due_diligence_lead": "Thomas, Jones and Meyers",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 122451,
    "year_built": 2010,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Positive look month process garden medical right example son policy lay sometimes course human baby.",
          "estimated_repair_cost": 13976
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Night myself sure image outside real card order minute."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Pick practice control available term house drop per fire cause lay quite big government degree check.",
          "estimated_repair_cost": 7989
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Rate administration international large instead star him provide serve nearly.",
          "estimated_repair_cost": 59814
        }
      ]
    },
    "lot_size_acres": 11.9
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 226907
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 247346
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 19080
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 48984
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-08-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Leader chair standard such majority hope assume say go glass account last local system citizen people animal.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Then discussion deal seven toward dinner artist set southern use country when weight approach now picture month upon nation effort.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-3 General Commercial",
    "permitted_uses": [
      "box",
      "technology",
      "by",
      "pay"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rodriguez LLC",
        "lease_start_date": "2023-11-22",
        "lease_end_date": "2028-12-26",
        "monthly_rent": 30554,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Myers-Young",
        "lease_start_date": "2020-10-08",
        "lease_end_date": "2029-06-29",
        "monthly_rent": 41657,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Bailey-Miller",
        "lease_start_date": "2020-10-28",
        "lease_end_date": "2029-04-14",
        "monthly_rent": 10505,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 104138
  }
}