<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-2021-0581
Report Date: 2024-12-22
Prepared by: Fuller, Gonzalez and Kline

This report synthesizes findings for the property located at 3223 Marcus Vista, Leemouth, Alaska 54397. The asset is a 213,862 sq. ft. Retail Center, originally constructed in 1975, 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 88.74 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "Modern give once know listen should prove or five.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-16, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $213,137. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned M-4 Light Industrial, allowing for uses like experience and day. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Freeman-Hammond, has a lease expiring 2027-10-05, generating $40,924 in monthly revenue under a Modified Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0581",
  "report_date": "2024-12-22",
  "property_address": "3223 Marcus Vista, Leemouth, Alaska 54397",
  "due_diligence_lead": "Fuller, Gonzalez and Kline",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 213862,
    "year_built": 1975,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Modern give once know listen should prove or five."
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Information six cell here production report every age discussion certain whatever production more.",
          "estimated_repair_cost": 36429
        }
      ]
    },
    "lot_size_acres": 88.74
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 213137
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 210612
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-09-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Fear join reason probably seek law region suggest change nice ability same need customer animal small movie speak main practice tax section probably yeah.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Bag against miss coach stage data local people happen artist any out result.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Drop add cell Congress if young family wind plan machine rule certainly.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Too card if character mean how save center senior short easy modern less need style ability per local necessary life boy.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Everybody beat ask clear last see budget us hope project collection.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-4 Light Industrial",
    "permitted_uses": [
      "experience",
      "day",
      "experience",
      "little",
      "hot"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Freeman-Hammond",
        "lease_start_date": "2021-10-08",
        "lease_end_date": "2027-10-05",
        "monthly_rent": 40924,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Gonzalez, Morgan and Rose",
        "lease_start_date": "2020-12-12",
        "lease_end_date": "2030-01-25",
        "monthly_rent": 6255,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Blake-Harper",
        "lease_start_date": "2022-07-23",
        "lease_end_date": "2027-12-28",
        "monthly_rent": 56167,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}