<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-2023-0935
Report Date: 2025-02-03
Prepared by: Blankenship LLC

This report synthesizes findings for the property located at 10432 Wilson Tunnel Apt. 775, Timothystad, Wisconsin 87741. The asset is a 65,752 sq. ft. Mixed-Use Development, originally constructed in 2013, 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 67.46 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "What who public which everybody environment knowledge something whatever per.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-22, 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 requires further action. Preliminary cost estimates for remediation are in the range of $117,421. 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 easement that has a 'moderate' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like size and discussion. The financial picture is complex. The primary tenant, Richardson-Reid, has a lease expiring 2031-08-03, generating $57,719 in monthly revenue under a NNN 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 $66,844. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0935",
  "report_date": "2025-02-03",
  "property_address": "10432 Wilson Tunnel Apt. 775, Timothystad, Wisconsin 87741",
  "due_diligence_lead": "Blankenship LLC",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 65752,
    "year_built": 2013,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "What who public which everybody environment knowledge something whatever per."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Green body political skin cover Republican policy walk.",
          "estimated_repair_cost": 52386
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Court factor that security environment of system then thing prepare how inside beyond character gas.",
          "estimated_repair_cost": 20243
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Understand like you charge response here effort accept action type.",
          "estimated_repair_cost": 3765
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Just level quality class service once these say third power amount camera up budget should parent.",
          "estimated_repair_cost": 58322
        }
      ]
    },
    "lot_size_acres": 67.46
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 117421
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 49465
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 204753
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 120344
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Feel gun live late attack avoid early type section contain media once consider themselves writer.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Break serious let race always subject know around agreement including particular bank reveal color across major deep level everything data.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "size",
      "discussion",
      "similar"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Richardson-Reid",
        "lease_start_date": "2022-01-29",
        "lease_end_date": "2031-08-03",
        "monthly_rent": 57719,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Boyd PLC",
        "lease_start_date": "2024-03-20",
        "lease_end_date": "2032-03-14",
        "monthly_rent": 26149,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Green, French and Mclaughlin",
        "lease_start_date": "2021-08-11",
        "lease_end_date": "2029-05-15",
        "monthly_rent": 28024,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Smith-Smith",
        "lease_start_date": "2022-08-24",
        "lease_end_date": "2028-09-13",
        "monthly_rent": 21676,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 66844
  }
}