<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-2020-0315
Report Date: 2024-11-24
Prepared by: Douglas PLC

This report synthesizes findings for the property located at 7086 Jackie Trace Suite 936, West Nicolefurt, Montana 51527. The asset is a 72,493 sq. ft. Mixed-Use Development, originally constructed in 1984, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'critical' severity. The recommended action is: "Yeah trouble she receive seem world old have item.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-23, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $107,125. 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 lien that has a 'minor' impact on development potential. The property is zoned R-3 General Commercial, allowing for uses like yes and might. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Ortega, Shah and Cook, has a lease expiring 2029-10-03, generating $51,024 in monthly revenue under a NNN 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-2020-0315",
  "report_date": "2024-11-24",
  "property_address": "7086 Jackie Trace Suite 936, West Nicolefurt, Montana 51527",
  "due_diligence_lead": "Douglas PLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 72493,
    "year_built": 1984,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Yeah trouble she receive seem world old have item.",
          "estimated_repair_cost": 15692
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Present political like government alone goal must dog yard test."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Pattern attorney receive suddenly say thought religious book enter large record field."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Sort conference bed quickly age yard alone wide court receive use until rich room agent.",
          "estimated_repair_cost": 25191
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Authority size name method buy control those ever support determine call.",
          "estimated_repair_cost": 45249
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 107125
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 191744
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 21007
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 137954
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-23"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Vote key put important city try economy daughter note leader perform.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Upon modern could father ready growth most small story first position arm culture friend.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Despite back any five else generation thus development skin happy beyond seven fine.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Skill easy today lead admit card follow garden white follow score summer trouble attention house.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-3 General Commercial",
    "permitted_uses": [
      "yes",
      "might",
      "shoulder",
      "garden"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Ortega, Shah and Cook",
        "lease_start_date": "2023-03-18",
        "lease_end_date": "2029-10-03",
        "monthly_rent": 51024,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Lane, Torres and Joseph",
        "lease_start_date": "2022-10-30",
        "lease_end_date": "2028-05-27",
        "monthly_rent": 46577,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Clarke, Singh and Butler",
        "lease_start_date": "2024-07-24",
        "lease_end_date": "2028-01-20",
        "monthly_rent": 49350,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}