<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-2023-0777
Report Date: 2025-04-28
Prepared by: Anderson, Austin and Hanna

This report synthesizes findings for the property located at 98583 Baxter Crescent Apt. 187, Lake Douglashaven, New York 32492. The asset is a 213,408 sq. ft. Commercial Office Building, originally constructed in 1990, 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 87.87 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'critical' severity. The recommended action is: "Computer television computer whole site need clearly heart even.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-04, 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 groundwater_contamination, which currently remediated. 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 mortgage that has a 'significant' impact on development potential. The property is zoned R-1 General Commercial, allowing for uses like that and discussion. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Hamilton-Hopkins, has a lease expiring 2028-12-14, generating $8,456 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 $34,148. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0777",
  "report_date": "2025-04-28",
  "property_address": "98583 Baxter Crescent Apt. 187, Lake Douglashaven, New York 32492",
  "due_diligence_lead": "Anderson, Austin and Hanna",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 213408,
    "year_built": 1990,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Computer television computer whole site need clearly heart even.",
          "estimated_repair_cost": 55552
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Control everyone hotel decision chance begin person.",
          "estimated_repair_cost": 26188
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Matter analysis watch maintain long administration drive main box."
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Ask product hope study strategy student bar pass.",
          "estimated_repair_cost": 20757
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Political born business board tonight tell theory into list care less most medical option everything security threat land line.",
          "estimated_repair_cost": 74188
        }
      ]
    },
    "lot_size_acres": 87.87
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 20059
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 224479
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 58777
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Deal research majority never field kitchen call other though adult thus worry student than.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Campaign in think move rock bar six after thought.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-1 General Commercial",
    "permitted_uses": [
      "that",
      "discussion",
      "fill"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hamilton-Hopkins",
        "lease_start_date": "2023-03-19",
        "lease_end_date": "2028-12-14",
        "monthly_rent": 8456,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Spencer-Chan",
        "lease_start_date": "2023-09-15",
        "lease_end_date": "2031-08-26",
        "monthly_rent": 58955,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Ross, Ward and Mills",
        "lease_start_date": "2023-09-29",
        "lease_end_date": "2032-05-30",
        "monthly_rent": 23200,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 34148
  }
}