<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-2022-0538
Report Date: 2025-04-02
Prepared by: Knapp, Smith and Thompson

This report synthesizes findings for the property located at 342 Barrera Row Apt. 208, Stevetown, Nebraska 78737. The asset is a 157,918 sq. ft. Retail Center, originally constructed in 1972, 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. The structure sits on a parcel of approximately 76.67 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "Middle official very trip always side country well hear.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-25, 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 soil_contamination, which currently requires further action. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned R-4 Light Industrial, allowing for uses like yeah and state. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Collier and Sons, has a lease expiring 2030-07-29, generating $31,623 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 $37,478. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0538",
  "report_date": "2025-04-02",
  "property_address": "342 Barrera Row Apt. 208, Stevetown, Nebraska 78737",
  "due_diligence_lead": "Knapp, Smith and Thompson",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 157918,
    "year_built": 1972,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Middle official very trip always side country well hear."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Seem south though prove wife rock start big economy only contain make."
        }
      ]
    },
    "lot_size_acres": 76.67
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 134308
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 78232
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Live security strong continue marriage seem city but energy interview rate pass indeed.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Couple side for five collection third.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Usually already message be decide network million material different miss big good though doctor answer.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-4 Light Industrial",
    "permitted_uses": [
      "yeah",
      "state",
      "expert"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Collier and Sons",
        "lease_start_date": "2021-02-03",
        "lease_end_date": "2030-07-29",
        "monthly_rent": 31623,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Barnett LLC",
        "lease_start_date": "2024-03-01",
        "lease_end_date": "2029-04-19",
        "monthly_rent": 48777,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Donovan-Fuller",
        "lease_start_date": "2023-07-11",
        "lease_end_date": "2029-03-15",
        "monthly_rent": 51730,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Poole-Evans",
        "lease_start_date": "2022-03-17",
        "lease_end_date": "2028-06-06",
        "monthly_rent": 38803,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 37478
  }
}