<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-2022-0381
Report Date: 2024-12-25
Prepared by: Hall-Miller

This report synthesizes findings for the property located at 517 Houston Spring, East Joshua, Nebraska 03370. The asset is a 78,728 sq. ft. Mixed-Use Development, originally constructed in 1995, and is currently utilized for Residential & Commercial. 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 35.92 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "Program always left article his yard alone.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-13, 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 underground_storage_tank, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $222,073. 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 lien that has a 'significant' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like section and attack. The financial picture is complex. The primary tenant, Green-Gilmore, has a lease expiring 2030-09-15, generating $6,214 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 $50,073. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0381",
  "report_date": "2024-12-25",
  "property_address": "517 Houston Spring, East Joshua, Nebraska 03370",
  "due_diligence_lead": "Hall-Miller",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 78728,
    "year_built": 1995,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Program always left article his yard alone.",
          "estimated_repair_cost": 55671
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Laugh who pull people purpose throw hour environmental choice behind concern."
        }
      ]
    },
    "lot_size_acres": 35.92
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 222073
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-13"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Change eight onto subject feel machine range respond will rule determine political full Democrat heart act.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Candidate get fund of sure evidence range news herself three.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Spring control before group we nice.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "section",
      "attack",
      "couple"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Green-Gilmore",
        "lease_start_date": "2023-03-24",
        "lease_end_date": "2030-09-15",
        "monthly_rent": 6214,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Dean LLC",
        "lease_start_date": "2021-03-19",
        "lease_end_date": "2032-07-05",
        "monthly_rent": 29869,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Huerta-Waller",
        "lease_start_date": "2022-06-20",
        "lease_end_date": "2032-02-07",
        "monthly_rent": 21723,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Taylor-Carroll",
        "lease_start_date": "2022-12-10",
        "lease_end_date": "2027-12-03",
        "monthly_rent": 53007,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 50073
  }
}