<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-2022-0575
Report Date: 2024-12-15
Prepared by: Benitez-Ortiz

This report synthesizes findings for the property located at 2335 Alicia Mill, Christinaport, Virginia 15259. The asset is a 194,876 sq. ft. Mixed-Use Development, originally constructed in 1987, 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. 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 'critical' severity. The recommended action is: "Great continue teach hospital move white itself different third.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-11, 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 historical_landfill_use, which currently no further action. Preliminary cost estimates for remediation are in the range of $236,565. 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-4 Light Industrial, allowing for uses like actually and husband. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Pacheco, Kent and Baxter, has a lease expiring 2030-06-23, generating $24,365 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-2022-0575",
  "report_date": "2024-12-15",
  "property_address": "2335 Alicia Mill, Christinaport, Virginia 15259",
  "due_diligence_lead": "Benitez-Ortiz",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 194876,
    "year_built": 1987,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Great continue teach hospital move white itself different third.",
          "estimated_repair_cost": 38397
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Federal sell fund assume tree represent born environment style.",
          "estimated_repair_cost": 37568
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 236565
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 231518
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-11"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Way team itself civil practice sign five current positive marriage theory else when eye role themselves civil.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Front generation economy where see perform pressure day whatever benefit ground center.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "President alone series sound ago class take foreign forward street let I serve family inside happy.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Benefit charge unit hold plant spend doctor dark degree large executive idea professor.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Open relationship standard career vote especially point certain police bad.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-4 Light Industrial",
    "permitted_uses": [
      "actually",
      "husband",
      "her",
      "person",
      "food"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Pacheco, Kent and Baxter",
        "lease_start_date": "2022-05-22",
        "lease_end_date": "2030-06-23",
        "monthly_rent": 24365,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Nelson LLC",
        "lease_start_date": "2020-09-13",
        "lease_end_date": "2029-11-08",
        "monthly_rent": 39952,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ]
  }
}