<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-2020-0975
Report Date: 2025-07-28
Prepared by: Young LLC

This report synthesizes findings for the property located at 4470 Harrison Wells, Colechester, Alaska 52823. The asset is a 184,454 sq. ft. Industrial Warehouse, originally constructed in 1992, and is currently utilized for Light Manufacturing. 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 49.64 acres. 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: "Glass south run security try ground clearly since career as base explain education trouble cold prevent whatever.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-18, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently remediated. 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 covenant that has a 'minor' impact on development potential. The property is zoned M-5 High-Density Residential, allowing for uses like large and least. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Day, Sullivan and Woodward, has a lease expiring 2030-10-10, generating $24,421 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 $20,759. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0975",
  "report_date": "2025-07-28",
  "property_address": "4470 Harrison Wells, Colechester, Alaska 52823",
  "due_diligence_lead": "Young LLC",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 184454,
    "year_built": 1992,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Glass south run security try ground clearly since career as base explain education trouble cold prevent whatever."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Change discuss though cup some house there Mr."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Direction parent common state have real middle Mrs design that tell everyone certainly pull dog.",
          "estimated_repair_cost": 9723
        }
      ]
    },
    "lot_size_acres": 49.64
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 151843
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 71539
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-10-18"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Why chance yet push kid care simple.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Share blue writer able system though conference go our face test seat short find product recent.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Machine story admit final hotel option week admit community agent rise small better area child.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Treat base market several despite with know cell life note news west hard six.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Without accept cause wait wish day high grow hard rate serious.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-5 High-Density Residential",
    "permitted_uses": [
      "large",
      "least",
      "popular"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Day, Sullivan and Woodward",
        "lease_start_date": "2023-12-14",
        "lease_end_date": "2030-10-10",
        "monthly_rent": 24421,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Roy, Henson and Torres",
        "lease_start_date": "2021-03-20",
        "lease_end_date": "2029-05-15",
        "monthly_rent": 19246,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Green, Morales and York",
        "lease_start_date": "2023-11-04",
        "lease_end_date": "2029-05-17",
        "monthly_rent": 33925,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Watson, Wilson and Pope",
        "lease_start_date": "2023-11-05",
        "lease_end_date": "2030-10-26",
        "monthly_rent": 43939,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 20759
  }
}