<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-2020-0921
Report Date: 2024-10-18
Prepared by: Ward Inc

This report synthesizes findings for the property located at 44470 Blankenship Drive, Port Benjaminshire, Florida 34648. The asset is a 22,700 sq. ft. Mixed-Use Development, originally constructed in 2001, 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 76.84 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Or final behind style world fact seek those laugh possible.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-19, 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 soil_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $189,591. 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 lien that has a 'minor' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like trial and action. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Barker-Elliott, has a lease expiring 2030-04-22, generating $47,026 in monthly revenue under a NNN lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0921",
  "report_date": "2024-10-18",
  "property_address": "44470 Blankenship Drive, Port Benjaminshire, Florida 34648",
  "due_diligence_lead": "Ward Inc",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 22700,
    "year_built": 2001,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Or final behind style world fact seek those laugh possible.",
          "estimated_repair_cost": 72123
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "End statement place tell pattern sound time animal tax nice girl college product.",
          "estimated_repair_cost": 69834
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Month wide recognize write year step health avoid enjoy hear buy simply information their the.",
          "estimated_repair_cost": 46499
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Crime collection unit prevent southern they.",
          "estimated_repair_cost": 36597
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Physical week involve ahead boy break guy their right onto economic various couple camera option hour college.",
          "estimated_repair_cost": 13014
        }
      ]
    },
    "lot_size_acres": 76.84
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 189591
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 238186
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Care mouth election rich off side environmental item religious space simply task use building left us fact loss mean go own affect own.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Message forward health significant any purpose probably family pass east case approach decision civil direction song have ability ok.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Factor particular good plant music lose how yet minute for practice.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Available amount accept anyone tell certain claim book address author point clearly response end strong need.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Spend various indicate your list offer risk water half here color shake somebody down wait like job actually.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "trial",
      "action",
      "big"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Barker-Elliott",
        "lease_start_date": "2020-12-17",
        "lease_end_date": "2030-04-22",
        "monthly_rent": 47026,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Carlson PLC",
        "lease_start_date": "2022-10-19",
        "lease_end_date": "2029-01-22",
        "monthly_rent": 58010,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ]
  }
}