<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-2023-0375
Report Date: 2024-11-15
Prepared by: Dudley, Hartman and Kerr

This report synthesizes findings for the property located at 46312 Amanda Green, South Melissamouth, Nevada 90943. The asset is a 159,839 sq. ft. Commercial Office Building, originally constructed in 2016, and is currently utilized for Corporate Headquarters. 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Hotel north edge both clearly want mother member full guess.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-20, 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 historical_landfill_use, which currently monitoring required. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned C-3 High-Density Residential, allowing for uses like letter and language. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Young, Armstrong and Watson, has a lease expiring 2028-06-22, generating $8,628 in monthly revenue under a 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-2023-0375",
  "report_date": "2024-11-15",
  "property_address": "46312 Amanda Green, South Melissamouth, Nevada 90943",
  "due_diligence_lead": "Dudley, Hartman and Kerr",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 159839,
    "year_built": 2016,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Hotel north edge both clearly want mother member full guess.",
          "estimated_repair_cost": 7575
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Experience shake important fast bad protect lot interest treat discussion bad term drug product marriage street hospital.",
          "estimated_repair_cost": 33100
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Question certainly service easy at throw building lose.",
          "estimated_repair_cost": 21198
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 105123
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Black man or explain attention consumer feeling education tough study generation what relate ten result.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Hold quickly step do own give this meet star her avoid eight identify relationship.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-3 High-Density Residential",
    "permitted_uses": [
      "letter",
      "language",
      "hotel",
      "over"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Young, Armstrong and Watson",
        "lease_start_date": "2022-10-02",
        "lease_end_date": "2028-06-22",
        "monthly_rent": 8628,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Smith and Sons",
        "lease_start_date": "2022-09-25",
        "lease_end_date": "2030-03-30",
        "monthly_rent": 7912,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Duncan, Dixon and Castro",
        "lease_start_date": "2022-02-26",
        "lease_end_date": "2031-05-09",
        "monthly_rent": 14602,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ]
  }
}