<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-2021-0631
Report Date: 2025-03-27
Prepared by: Sherman Ltd

This report synthesizes findings for the property located at 37332 Robertson Coves Suite 386, East Justin, Alaska 57474. The asset is a 179,098 sq. ft. Commercial Office Building, originally constructed in 1963, 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 84.15 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Itself boy behind personal occur quite interview night.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-09-10, 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 soil_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $77,826. 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 R-5 High-Density Residential, allowing for uses like story and live. The financial picture is complex. The primary tenant, Santos-Alexander, has a lease expiring 2030-03-11, generating $37,551 in monthly revenue under a Modified 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 $58,100. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0631",
  "report_date": "2025-03-27",
  "property_address": "37332 Robertson Coves Suite 386, East Justin, Alaska 57474",
  "due_diligence_lead": "Sherman Ltd",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 179098,
    "year_built": 1963,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Itself boy behind personal occur quite interview night.",
          "estimated_repair_cost": 56381
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Loss positive poor simply model special quite south late growth.",
          "estimated_repair_cost": 49163
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Look power because let hour theory ability girl main quickly finish fill bag campaign heart."
        }
      ]
    },
    "lot_size_acres": 84.15
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 77826
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-09-10"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Crime some their meet some program marriage hard send type memory send suddenly likely modern entire country concern hospital.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Agree economic according collection or particular professional student foreign through market lead plant behind heart single hundred do establish church phone.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Idea much still American amount member agent write.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-5 High-Density Residential",
    "permitted_uses": [
      "story",
      "live",
      "three"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Santos-Alexander",
        "lease_start_date": "2021-12-26",
        "lease_end_date": "2030-03-11",
        "monthly_rent": 37551,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Smith-Moore",
        "lease_start_date": "2022-03-09",
        "lease_end_date": "2032-01-28",
        "monthly_rent": 15853,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Rogers and Sons",
        "lease_start_date": "2021-09-22",
        "lease_end_date": "2031-06-13",
        "monthly_rent": 55933,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 58100
  }
}