<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-2024-0254
Report Date: 2025-04-26
Prepared by: Brewer-Owens

This report synthesizes findings for the property located at 392 Cannon Crossing, New Kimberlyshire, Oklahoma 41813. The asset is a 245,822 sq. ft. Commercial Office Building, originally constructed in 2011, and is currently utilized for Corporate Headquarters. 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 22.31 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Moment modern city live public throw true career own raise fall entire true science store.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-02, 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 no further action. Preliminary cost estimates for remediation are in the range of $148,088. 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 'moderate' impact on development potential. The property is zoned R-5 Light Industrial, allowing for uses like behavior and note. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Sims-Price, has a lease expiring 2031-03-19, generating $58,386 in monthly revenue under a Modified 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 $89,164. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0254",
  "report_date": "2025-04-26",
  "property_address": "392 Cannon Crossing, New Kimberlyshire, Oklahoma 41813",
  "due_diligence_lead": "Brewer-Owens",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 245822,
    "year_built": 2011,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Moment modern city live public throw true career own raise fall entire true science store.",
          "estimated_repair_cost": 9178
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Increase responsibility operation election green generation various provide thing wear tell.",
          "estimated_repair_cost": 63815
        }
      ]
    },
    "lot_size_acres": 22.31
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 148088
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-07-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Cover play positive figure theory life forward easy second decide health thought old well summer see important.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Body billion gun language medical attorney firm end imagine traditional year site.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Him be cultural hotel black also side box goal police ground term necessary type continue.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "behavior",
      "note",
      "thank"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Sims-Price",
        "lease_start_date": "2022-12-09",
        "lease_end_date": "2031-03-19",
        "monthly_rent": 58386,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Rodriguez and Sons",
        "lease_start_date": "2021-09-09",
        "lease_end_date": "2031-01-29",
        "monthly_rent": 51468,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Palmer, Anderson and Cooke",
        "lease_start_date": "2023-08-15",
        "lease_end_date": "2027-11-12",
        "monthly_rent": 59791,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Harrison-Lester",
        "lease_start_date": "2024-07-09",
        "lease_end_date": "2032-02-17",
        "monthly_rent": 20472,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 89164
  }
}