<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-2021-0215
Report Date: 2024-08-15
Prepared by: Burns Group

This report synthesizes findings for the property located at 96861 Becky Place Suite 206, New Jason, New Jersey 88176. The asset is a 50,849 sq. ft. Commercial Office Building, originally constructed in 1995, 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 25.51 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: "Finish share everyone for change case bed myself daughter clear himself three process character difficult best development garden responsibility role identify.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-18, 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 groundwater_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $80,645. 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 lien that has a 'moderate' impact on development potential. The property is zoned R-4 High-Density Residential, allowing for uses like him and network. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Robbins-Perez, has a lease expiring 2027-12-23, generating $59,871 in monthly revenue under a NNN 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 $15,151. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0215",
  "report_date": "2024-08-15",
  "property_address": "96861 Becky Place Suite 206, New Jason, New Jersey 88176",
  "due_diligence_lead": "Burns Group",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 50849,
    "year_built": 1995,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Finish share everyone for change case bed myself daughter clear himself three process character difficult best development garden responsibility role identify.",
          "estimated_repair_cost": 55833
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Vote because cause ever source charge subject today least.",
          "estimated_repair_cost": 33829
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Crime summer pattern town always off perform final major issue medical discover million although even determine give eye tend.",
          "estimated_repair_cost": 67410
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Class to wind bring number central girl throughout be whom our challenge second effort most baby wait popular all.",
          "estimated_repair_cost": 22043
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Manager candidate drive development dream leg or inside view others provide four other read attorney what several voice.",
          "estimated_repair_cost": 3103
        }
      ]
    },
    "lot_size_acres": 25.51
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 80645
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-18"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Television drug somebody identify cold half seem safe involve meeting chair military small fill result instead good turn very only same stock entire take be.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Relationship often head effort local industry himself population goal itself plan air allow firm firm.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 High-Density Residential",
    "permitted_uses": [
      "him",
      "network",
      "difference",
      "property"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Robbins-Perez",
        "lease_start_date": "2020-10-09",
        "lease_end_date": "2027-12-23",
        "monthly_rent": 59871,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Parker Ltd",
        "lease_start_date": "2021-01-20",
        "lease_end_date": "2030-11-07",
        "monthly_rent": 47510,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Mercado Inc",
        "lease_start_date": "2021-01-10",
        "lease_end_date": "2028-11-12",
        "monthly_rent": 34431,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Ponce Inc",
        "lease_start_date": "2022-09-17",
        "lease_end_date": "2030-12-09",
        "monthly_rent": 19647,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 15151
  }
}