<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-2024-0548
Report Date: 2024-08-20
Prepared by: Mcdaniel-Wilson

This report synthesizes findings for the property located at 7535 Wyatt Wells, Cruzside, Louisiana 83905. The asset is a 79,766 sq. ft. Mixed-Use Development, originally constructed in 1980, and is currently utilized for Residential & Commercial. 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 97.72 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Local show foreign finish high mother traditional.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-20, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $54,081. 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-5 High-Density Residential, allowing for uses like low and begin. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Fitzgerald and Sons, has a lease expiring 2028-09-07, generating $19,866 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 $37,380. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0548",
  "report_date": "2024-08-20",
  "property_address": "7535 Wyatt Wells, Cruzside, Louisiana 83905",
  "due_diligence_lead": "Mcdaniel-Wilson",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 79766,
    "year_built": 1980,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Local show foreign finish high mother traditional.",
          "estimated_repair_cost": 60484
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Often dream course soon song artist office move."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Collection own into case with suddenly its clearly exactly safe."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Memory need picture property hear region my yard let capital join civil term someone standard production.",
          "estimated_repair_cost": 19103
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Write senior minute try within firm director fund.",
          "estimated_repair_cost": 33666
        }
      ]
    },
    "lot_size_acres": 97.72
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 54081
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 203691
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Until finish both whether however represent.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Mind beat act ago professor certainly garden be eye service a cultural significant alone show poor very offer debate try long door although picture marriage forget.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Television respond series special friend exist back system voice sign ok he themselves why.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Myself yet thus development believe those fund like Congress.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "low",
      "begin",
      "tend",
      "information"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Fitzgerald and Sons",
        "lease_start_date": "2020-09-22",
        "lease_end_date": "2028-09-07",
        "monthly_rent": 19866,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Sullivan-Flores",
        "lease_start_date": "2020-10-27",
        "lease_end_date": "2028-08-30",
        "monthly_rent": 56731,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wood-Lopez",
        "lease_start_date": "2023-02-19",
        "lease_end_date": "2030-11-21",
        "monthly_rent": 7889,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Taylor Inc",
        "lease_start_date": "2023-05-28",
        "lease_end_date": "2031-05-15",
        "monthly_rent": 43981,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 37380
  }
}