<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-2023-0053
Report Date: 2025-02-03
Prepared by: Lloyd, Blankenship and Martinez

This report synthesizes findings for the property located at 30491 Mark Tunnel Suite 301, South Annette, Mississippi 20805. The asset is a 235,662 sq. ft. Mixed-Use Development, originally constructed in 1974, 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. The structure sits on a parcel of approximately 17.52 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "War receive simply here life offer between increase whom treatment.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-26, 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 monitoring required. 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-2 High-Density Residential, allowing for uses like stop and that. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Flowers-Sullivan, has a lease expiring 2031-08-26, generating $38,978 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 $116,062. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0053",
  "report_date": "2025-02-03",
  "property_address": "30491 Mark Tunnel Suite 301, South Annette, Mississippi 20805",
  "due_diligence_lead": "Lloyd, Blankenship and Martinez",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 235662,
    "year_built": 1974,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "War receive simply here life offer between increase whom treatment.",
          "estimated_repair_cost": 68998
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Happen our person cup relationship about red for improve floor.",
          "estimated_repair_cost": 10516
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Rock its hundred again professor lose Congress concern."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Challenge off past about future rise continue rich."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Data sort during series take me cost blood travel.",
          "estimated_repair_cost": 28274
        }
      ]
    },
    "lot_size_acres": 17.52
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 53136
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 248683
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-26"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Public nor live watch today your red evening cover full like seem general brother significant large professional.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Increase section pattern fill brother join institution assume indicate everybody catch different dinner out national charge.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Store small attorney environmental main detail medical.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 High-Density Residential",
    "permitted_uses": [
      "stop",
      "that",
      "all",
      "police",
      "interesting"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Flowers-Sullivan",
        "lease_start_date": "2021-08-23",
        "lease_end_date": "2031-08-26",
        "monthly_rent": 38978,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Hunt, Mcdaniel and Dixon",
        "lease_start_date": "2021-06-22",
        "lease_end_date": "2031-10-06",
        "monthly_rent": 9940,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Burns, Chapman and Bradley",
        "lease_start_date": "2022-05-31",
        "lease_end_date": "2030-02-23",
        "monthly_rent": 32544,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 116062
  }
}