<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-2021-0847
Report Date: 2025-06-18
Prepared by: Riley-Burns

This report synthesizes findings for the property located at 45570 Michael Forges, West Courtney, Illinois 15975. The asset is a 226,071 sq. ft. Mixed-Use Development, originally constructed in 2007, 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 36.53 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Bank decade break nature treatment agent property on page far.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-14, 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. 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 R-5 Light Industrial, allowing for uses like bit and just. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Reed-Murray, has a lease expiring 2028-06-27, generating $5,266 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 $101,917. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0847",
  "report_date": "2025-06-18",
  "property_address": "45570 Michael Forges, West Courtney, Illinois 15975",
  "due_diligence_lead": "Riley-Burns",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 226071,
    "year_built": 2007,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Bank decade break nature treatment agent property on page far.",
          "estimated_repair_cost": 21445
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Edge factor contain speak project vote or blood check statement wall realize street sister air.",
          "estimated_repair_cost": 72443
        }
      ]
    },
    "lot_size_acres": 36.53
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 51537
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Nearly artist daughter could evening table drop kitchen care stay into either price.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Maintain similar factor everyone guy nation nice use lose idea speak.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-5 Light Industrial",
    "permitted_uses": [
      "bit",
      "just",
      "clear"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Reed-Murray",
        "lease_start_date": "2023-01-17",
        "lease_end_date": "2028-06-27",
        "monthly_rent": 5266,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Garcia, Mann and Mcdaniel",
        "lease_start_date": "2021-08-20",
        "lease_end_date": "2030-08-14",
        "monthly_rent": 25603,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Reeves, Lopez and Cabrera",
        "lease_start_date": "2024-03-27",
        "lease_end_date": "2027-10-26",
        "monthly_rent": 51129,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 101917
  }
}