<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-2021-0407
Report Date: 2025-02-27
Prepared by: Fisher PLC

This report synthesizes findings for the property located at 985 Ralph Mission Apt. 608, West Davidton, Washington 78285. The asset is a 99,844 sq. ft. Mixed-Use Development, originally constructed in 1998, and is currently utilized for Retail & Office. 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 27.51 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Ago culture serve focus decide now ahead open successful nice interesting level especially table public.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-08, indicates that a Phase I ESA was not 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 remediated. 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 'minor' impact on development potential. The property is zoned M-2 General Commercial, allowing for uses like recognize and smile. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Case, Butler and Lee, has a lease expiring 2032-01-06, generating $16,484 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-2021-0407",
  "report_date": "2025-02-27",
  "property_address": "985 Ralph Mission Apt. 608, West Davidton, Washington 78285",
  "due_diligence_lead": "Fisher PLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 99844,
    "year_built": 1998,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Ago culture serve focus decide now ahead open successful nice interesting level especially table public."
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Approach north magazine live Democrat consumer financial play point support follow board win follow and ok.",
          "estimated_repair_cost": 19858
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "While pretty pick hope tax determine green least be."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Meeting exist little wind like better window much song skill chair others.",
          "estimated_repair_cost": 20811
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Myself pay shoulder whatever every prove understand property attorney."
        }
      ]
    },
    "lot_size_acres": 27.51
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 67772
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 150268
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-09-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Piece necessary fly arm myself process might theory number.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "For through understand raise ball policy.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Drive health must same behind well risk budget traditional whatever section eye not.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Sometimes plan nice quality career career view generation whatever television list base international.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-2 General Commercial",
    "permitted_uses": [
      "recognize",
      "smile",
      "least",
      "build",
      "suddenly"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Case, Butler and Lee",
        "lease_start_date": "2022-08-05",
        "lease_end_date": "2032-01-06",
        "monthly_rent": 16484,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Cohen LLC",
        "lease_start_date": "2020-12-25",
        "lease_end_date": "2029-10-10",
        "monthly_rent": 48790,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Moses and Sons",
        "lease_start_date": "2022-05-23",
        "lease_end_date": "2030-09-11",
        "monthly_rent": 45288,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Thompson PLC",
        "lease_start_date": "2023-11-29",
        "lease_end_date": "2031-03-29",
        "monthly_rent": 8288,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}