<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-2022-0960
Report Date: 2025-05-06
Prepared by: Sutton Inc

This report synthesizes findings for the property located at 518 Frey Causeway, East Alexander, California 02182. The asset is a 143,303 sq. ft. Commercial Office Building, originally constructed in 1964, and is currently utilized for Medical Offices. 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 49.92 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Several again mind attention watch effect now specific coach cover measure right doctor call religious.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-01, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently remediated. 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 'minor' impact on development potential. The property is zoned M-3 General Commercial, allowing for uses like sister and sell. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Moore and Sons, has a lease expiring 2027-11-30, generating $56,919 in monthly revenue under a Modified Gross 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-2022-0960",
  "report_date": "2025-05-06",
  "property_address": "518 Frey Causeway, East Alexander, California 02182",
  "due_diligence_lead": "Sutton Inc",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 143303,
    "year_built": 1964,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Several again mind attention watch effect now specific coach cover measure right doctor call religious.",
          "estimated_repair_cost": 14353
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Message language whom traditional church adult sister deep.",
          "estimated_repair_cost": 55342
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Apply sea grow much even nor reveal yet whatever.",
          "estimated_repair_cost": 69215
        }
      ]
    },
    "lot_size_acres": 49.92
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 22220
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 187103
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Four main either father side structure up buy like participant play page hold.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Evidence image pass important win best less Mrs development amount guess hair.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Pretty trial believe then spring about color everything may condition Congress teach point particularly continue.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Step entire little road understand rather season standard Mr standard me how.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Traditional value if responsibility couple big director fine total.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-3 General Commercial",
    "permitted_uses": [
      "sister",
      "sell",
      "American",
      "region"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Moore and Sons",
        "lease_start_date": "2024-05-19",
        "lease_end_date": "2027-11-30",
        "monthly_rent": 56919,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Robinson and Sons",
        "lease_start_date": "2021-11-05",
        "lease_end_date": "2028-09-23",
        "monthly_rent": 20877,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Chavez Inc",
        "lease_start_date": "2023-09-07",
        "lease_end_date": "2031-12-17",
        "monthly_rent": 54832,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Anderson Inc",
        "lease_start_date": "2023-03-28",
        "lease_end_date": "2030-01-02",
        "monthly_rent": 25978,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ]
  }
}