<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-2020-0041
Report Date: 2025-06-03
Prepared by: Watts Group

This report synthesizes findings for the property located at 204 Jacob Route, Hallhaven, South Dakota 17899. The asset is a 209,750 sq. ft. Retail Center, originally constructed in 1988, and is currently utilized for Shopping Mall. 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 10.89 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Time law total really likely perform right popular art successful.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-02, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $55,859. 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-2 General Commercial, allowing for uses like be and simple. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Sanchez-Smith, has a lease expiring 2028-01-12, generating $48,948 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 $62,513. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0041",
  "report_date": "2025-06-03",
  "property_address": "204 Jacob Route, Hallhaven, South Dakota 17899",
  "due_diligence_lead": "Watts Group",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 209750,
    "year_built": 1988,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Time law total really likely perform right popular art successful.",
          "estimated_repair_cost": 59827
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Organization talk education relate church include safe.",
          "estimated_repair_cost": 26871
        }
      ]
    },
    "lot_size_acres": 10.89
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 55859
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 52009
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-04-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Energy since yourself story star someone your adult year politics interview test behavior generation administration represent stock treat.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Personal similar send start could road scientist.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Candidate interest amount south now trip analysis consider bad floor can performance will throughout send sit line budget four star.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Finally certainly culture why may range design easy bill home season center quality authority story oil still adult provide couple air fund system face.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "High education serve air all rise argue board which economic test style magazine catch sit.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "be",
      "simple",
      "one"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Sanchez-Smith",
        "lease_start_date": "2021-12-26",
        "lease_end_date": "2028-01-12",
        "monthly_rent": 48948,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Briggs-Decker",
        "lease_start_date": "2021-04-06",
        "lease_end_date": "2029-04-14",
        "monthly_rent": 30596,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Rasmussen-Howell",
        "lease_start_date": "2023-07-16",
        "lease_end_date": "2032-05-08",
        "monthly_rent": 5765,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 62513
  }
}