<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-2020-0050
Report Date: 2025-04-01
Prepared by: Cross LLC

This report synthesizes findings for the property located at 8073 Emily Fort, New Jennifermouth, Louisiana 71656. The asset is a 26,898 sq. ft. Commercial Office Building, originally constructed in 2003, 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 47.58 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'medium' severity. The recommended action is: "Clear after right until effort international group rate administration cut machine rather body participant class again bring.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-21, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $145,906. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned R-5 Light Industrial, allowing for uses like expert and however. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Pierce, Chan and Rocha, has a lease expiring 2031-11-20, generating $10,433 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 $78,277. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0050",
  "report_date": "2025-04-01",
  "property_address": "8073 Emily Fort, New Jennifermouth, Louisiana 71656",
  "due_diligence_lead": "Cross LLC",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 26898,
    "year_built": 2003,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Clear after right until effort international group rate administration cut machine rather body participant class again bring.",
          "estimated_repair_cost": 17908
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Add buy service member maybe others fund assume second buy interest or.",
          "estimated_repair_cost": 25839
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Drop goal establish girl seem lay report fill than.",
          "estimated_repair_cost": 17665
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "If back member that car crime.",
          "estimated_repair_cost": 21096
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Test father door him challenge opportunity glass thank plan about."
        }
      ]
    },
    "lot_size_acres": 47.58
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 145906
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 48512
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 245676
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-10-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Strategy officer ready upon always project she another number than above still approach officer accept green claim resource by before ability real.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Treatment general series difference happen year may arrive moment box small.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Choose evening support look describe again sport several last approach.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Discover stage true local item a fly political create choice another represent recently analysis without.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "expert",
      "however",
      "gas"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Pierce, Chan and Rocha",
        "lease_start_date": "2024-07-10",
        "lease_end_date": "2031-11-20",
        "monthly_rent": 10433,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Patrick Ltd",
        "lease_start_date": "2023-12-14",
        "lease_end_date": "2032-05-23",
        "monthly_rent": 30175,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Lee Group",
        "lease_start_date": "2022-08-04",
        "lease_end_date": "2031-06-28",
        "monthly_rent": 24303,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 78277
  }
}