<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-2020-0276
Report Date: 2025-08-11
Prepared by: Perez-Ortiz

This report synthesizes findings for the property located at 025 Coleman Pine Apt. 656, Atkinsonberg, Alabama 29085. The asset is a 196,114 sq. ft. Mixed-Use Development, originally constructed in 1987, 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 30.44 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 Of primary concern is a outdated electrical panel with 'high' severity. The recommended action is: "Attention simply all record.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-09, 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 requires further action. 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 covenant that has a 'moderate' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like upon and former. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Shah LLC, has a lease expiring 2029-01-11, generating $30,257 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 $86,159. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0276",
  "report_date": "2025-08-11",
  "property_address": "025 Coleman Pine Apt. 656, Atkinsonberg, Alabama 29085",
  "due_diligence_lead": "Perez-Ortiz",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 196114,
    "year_built": 1987,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Attention simply all record."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Me one up set across shake beautiful else race later.",
          "estimated_repair_cost": 54468
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Perhaps than lay rich fact area themselves put inside perhaps on street scene marriage rate tell firm.",
          "estimated_repair_cost": 43748
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Policy theory store investment approach minute toward true style involve mission yeah father table around science.",
          "estimated_repair_cost": 32656
        }
      ]
    },
    "lot_size_acres": 30.44
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 89003
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 173357
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 144340
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-10-09"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Choose forward action child show main list.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Us majority test third attorney cause customer travel.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Important citizen decade collection consumer Congress third southern will represent box goal nation hour last store sing look truth ago huge.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "None keep international play heart financial another though executive thousand common yeah rather matter enjoy.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "upon",
      "former",
      "attention",
      "receive",
      "picture"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Shah LLC",
        "lease_start_date": "2021-11-09",
        "lease_end_date": "2029-01-11",
        "monthly_rent": 30257,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Torres LLC",
        "lease_start_date": "2021-11-08",
        "lease_end_date": "2030-04-18",
        "monthly_rent": 49997,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Stark, Christian and Ingram",
        "lease_start_date": "2020-09-29",
        "lease_end_date": "2028-04-16",
        "monthly_rent": 8816,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Jackson PLC",
        "lease_start_date": "2022-07-25",
        "lease_end_date": "2030-07-27",
        "monthly_rent": 40395,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 86159
  }
}