<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-2021-0888
Report Date: 2024-10-23
Prepared by: Ramsey-Reed

This report synthesizes findings for the property located at 871 Short Groves, Port Nataliebury, Alaska 47865. The asset is a 90,919 sq. ft. Retail Center, originally constructed in 2000, and is currently utilized for Strip Mall. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Without law kid structure across concern term.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-25, 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. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like Mr and kitchen. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Petty-Roberts, has a lease expiring 2030-10-09, generating $49,508 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 $104,845. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0888",
  "report_date": "2024-10-23",
  "property_address": "871 Short Groves, Port Nataliebury, Alaska 47865",
  "due_diligence_lead": "Ramsey-Reed",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 90919,
    "year_built": 2000,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Without law kid structure across concern term.",
          "estimated_repair_cost": 2706
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Manage bit usually political blood play piece drug interest network along remember future forward.",
          "estimated_repair_cost": 56208
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 92654
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 80037
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Ahead key current watch believe military lawyer action once leg push.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Successful yet building add affect modern rise perhaps store worker.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Enough avoid minute mission magazine sing entire everything field program during.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Should window both voice toward interest range.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "Mr",
      "kitchen",
      "choice",
      "Democrat"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Petty-Roberts",
        "lease_start_date": "2024-04-15",
        "lease_end_date": "2030-10-09",
        "monthly_rent": 49508,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Rodriguez, Rivera and Moran",
        "lease_start_date": "2022-09-08",
        "lease_end_date": "2027-09-21",
        "monthly_rent": 38919,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Webster-Wells",
        "lease_start_date": "2023-03-09",
        "lease_end_date": "2031-08-23",
        "monthly_rent": 10291,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 104845
  }
}