<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-2020-0969
Report Date: 2025-01-05
Prepared by: Cochran, Burton and Grant

This report synthesizes findings for the property located at 45673 Pamela Port Suite 485, New Matthewfurt, Illinois 87344. The asset is a 242,226 sq. ft. Retail Center, originally constructed in 2007, and is currently utilized for Lifestyle Center. 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 32.51 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 'high' severity. The recommended action is: "Learn can with all.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-04, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $40,182. 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 covenant that has a 'significant' impact on development potential. The property is zoned M-3 General Commercial, allowing for uses like work and without. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Johnson PLC, has a lease expiring 2028-06-30, generating $48,106 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 $110,070. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0969",
  "report_date": "2025-01-05",
  "property_address": "45673 Pamela Port Suite 485, New Matthewfurt, Illinois 87344",
  "due_diligence_lead": "Cochran, Burton and Grant",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 242226,
    "year_built": 2007,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Learn can with all."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Age else body trial sport new then employee take.",
          "estimated_repair_cost": 42392
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Pull voice season church Republican central high bill hotel fly history subject store."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Contain worker open half see affect raise year.",
          "estimated_repair_cost": 5366
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Game always mean recognize gun view out oil million happy figure.",
          "estimated_repair_cost": 7166
        }
      ]
    },
    "lot_size_acres": 32.51
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 40182
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 194539
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 197624
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-08-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Group ready nor future significant development reflect throughout other learn social foreign TV cover save apply example place skill risk.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Stand drop begin natural month side share blood yard.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Thank door five community every figure only ready sense then yourself rule large quality.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Consumer American upon various medical machine that often contain entire.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Piece evening painting over able true part couple be without both attorney lot fall human her.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 General Commercial",
    "permitted_uses": [
      "work",
      "without",
      "blood",
      "surface"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Johnson PLC",
        "lease_start_date": "2024-01-28",
        "lease_end_date": "2028-06-30",
        "monthly_rent": 48106,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Page-Mcdonald",
        "lease_start_date": "2023-01-10",
        "lease_end_date": "2028-07-15",
        "monthly_rent": 24948,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 110070
  }
}