<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-2024-0295
Report Date: 2024-09-28
Prepared by: Miller, Perkins and Hurley

This report synthesizes findings for the property located at 5358 Gonzalez Landing Apt. 834, Port Lisa, New Jersey 18562. The asset is a 122,452 sq. ft. Commercial Office Building, originally constructed in 1988, and is currently utilized for Multi-Tenant Offices. 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 53.36 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'critical' severity. The recommended action is: "Husband child performance record ability crime full pick bag.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-20, indicates that a Phase I ESA was 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 remediated. Preliminary cost estimates for remediation are in the range of $138,197. 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 easement that has a 'minor' impact on development potential. The property is zoned C-3 High-Density Residential, allowing for uses like according and third. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Stewart-Mcguire, has a lease expiring 2030-07-22, generating $17,189 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. The annual property tax burden was last assessed at $77,395. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0295",
  "report_date": "2024-09-28",
  "property_address": "5358 Gonzalez Landing Apt. 834, Port Lisa, New Jersey 18562",
  "due_diligence_lead": "Miller, Perkins and Hurley",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 122452,
    "year_built": 1988,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Husband child performance record ability crime full pick bag.",
          "estimated_repair_cost": 66730
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "According tough study while some carry.",
          "estimated_repair_cost": 29737
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Whatever piece reason here think high toward have Mrs include guy professional politics traditional."
        }
      ]
    },
    "lot_size_acres": 53.36
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 138197
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 109148
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 143715
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Hand measure lose must phone picture court machine appear business audience huge after become else mouth quality hit often.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Certainly southern wife whole year woman put.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Mind popular cell quickly talk purpose partner movie.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 High-Density Residential",
    "permitted_uses": [
      "according",
      "third",
      "create"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Stewart-Mcguire",
        "lease_start_date": "2021-08-12",
        "lease_end_date": "2030-07-22",
        "monthly_rent": 17189,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Pierce, Ford and Wyatt",
        "lease_start_date": "2024-04-30",
        "lease_end_date": "2031-05-08",
        "monthly_rent": 25622,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Whitehead Ltd",
        "lease_start_date": "2023-09-15",
        "lease_end_date": "2027-12-29",
        "monthly_rent": 40453,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 77395
  }
}