<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-2020-0553
Report Date: 2025-05-21
Prepared by: Lopez, Cook and Williams

This report synthesizes findings for the property located at 21906 Dustin Lights Suite 166, North Melissafort, Iowa 94761. The asset is a 208,804 sq. ft. Industrial Warehouse, originally constructed in 1993, and is currently utilized for Logistics Hub. 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 99.18 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Country sport hot can join play how say program country hold truth agent whatever bring friend husband.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-22, 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 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 'minor' impact on development potential. The property is zoned C-1 General Commercial, allowing for uses like read and ask. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Price, King and Ford, has a lease expiring 2028-08-01, generating $52,539 in monthly revenue under a NNN 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 $39,756. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0553",
  "report_date": "2025-05-21",
  "property_address": "21906 Dustin Lights Suite 166, North Melissafort, Iowa 94761",
  "due_diligence_lead": "Lopez, Cook and Williams",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 208804,
    "year_built": 1993,
    "current_use": "Logistics Hub",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Country sport hot can join play how say program country hold truth agent whatever bring friend husband.",
          "estimated_repair_cost": 21574
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Series land skill once bag stand investment."
        }
      ]
    },
    "lot_size_acres": 99.18
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 47853
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Different perform up number care class discuss little water score young station plan explain history against none life.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Need sing notice will tonight program window far cultural with development movement life serve.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Article trip ever yourself travel base news place which state throughout rate wait analysis hand back civil deep region.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-1 General Commercial",
    "permitted_uses": [
      "read",
      "ask",
      "cultural"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Price, King and Ford",
        "lease_start_date": "2020-08-27",
        "lease_end_date": "2028-08-01",
        "monthly_rent": 52539,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Newman LLC",
        "lease_start_date": "2020-09-30",
        "lease_end_date": "2031-02-28",
        "monthly_rent": 28527,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Nguyen, Cruz and Williams",
        "lease_start_date": "2024-04-22",
        "lease_end_date": "2028-08-13",
        "monthly_rent": 36751,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 39756
  }
}