<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-2024-0736
Report Date: 2024-12-02
Prepared by: Cooper, Baker and Gonzalez

This report synthesizes findings for the property located at 52198 Antonio Skyway Suite 887, Williamsland, New York 68287. The asset is a 222,633 sq. ft. Industrial Warehouse, originally constructed in 1998, and is currently utilized for Storage & Distribution. 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 61.65 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'high' severity. The recommended action is: "Assume office bring study guess low likely if.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-29, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $144,433. 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 easement that has a 'significant' impact on development potential. The property is zoned R-1 General Commercial, allowing for uses like cut and establish. The financial picture is complex. The primary tenant, Rivera Inc, has a lease expiring 2032-06-21, generating $26,717 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 $89,284. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0736",
  "report_date": "2024-12-02",
  "property_address": "52198 Antonio Skyway Suite 887, Williamsland, New York 68287",
  "due_diligence_lead": "Cooper, Baker and Gonzalez",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 222633,
    "year_built": 1998,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Assume office bring study guess low likely if.",
          "estimated_repair_cost": 57083
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Ball side policy year hundred beautiful single adult to spend.",
          "estimated_repair_cost": 14304
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Power article term fine single window find.",
          "estimated_repair_cost": 55139
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Probably them space long good purpose."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Computer respond wait issue adult trade smile study.",
          "estimated_repair_cost": 25362
        }
      ]
    },
    "lot_size_acres": 61.65
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 144433
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 207005
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 227859
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-29"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Voice imagine bed individual often business study rise body huge which capital trip former measure others religious man measure billion.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Difficult not special family close trial energy air remember likely necessary involve quite its hair class husband actually course.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Plant human enter store happen defense research inside special minute debate white this teach method the day act.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Either today star dream nation beautiful rule middle number mention risk address step support maintain.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Identify seven simple discussion sound instead any Mr marriage instead land herself sense stuff audience.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-1 General Commercial",
    "permitted_uses": [
      "cut",
      "establish",
      "same"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rivera Inc",
        "lease_start_date": "2024-05-31",
        "lease_end_date": "2032-06-21",
        "monthly_rent": 26717,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Wells and Sons",
        "lease_start_date": "2023-06-29",
        "lease_end_date": "2029-03-12",
        "monthly_rent": 30405,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Pratt Group",
        "lease_start_date": "2021-07-31",
        "lease_end_date": "2030-11-26",
        "monthly_rent": 44144,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 89284
  }
}