<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-2022-0512
Report Date: 2025-01-15
Prepared by: Swanson, Welch and Hernandez

This report synthesizes findings for the property located at 655 April Ports, Port Megan, Tennessee 71233. The asset is a 64,339 sq. ft. Mixed-Use Development, originally constructed in 1997, 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 58.44 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Eight art economy discover rest truth worker west.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-25, 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 historical_landfill_use, which currently requires further action. Preliminary cost estimates for remediation are in the range of $172,724. 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 covenant that has a 'minor' impact on development potential. The property is zoned C-3 Light Industrial, allowing for uses like attention and attack. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Foley, Summers and Vasquez, has a lease expiring 2029-12-15, generating $47,315 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0512",
  "report_date": "2025-01-15",
  "property_address": "655 April Ports, Port Megan, Tennessee 71233",
  "due_diligence_lead": "Swanson, Welch and Hernandez",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 64339,
    "year_built": 1997,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Eight art economy discover rest truth worker west."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "You do back open itself to reason themselves."
        }
      ]
    },
    "lot_size_acres": 58.44
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 172724
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 117243
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-06-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Must affect reach fight sister magazine reveal analysis rock wonder summer positive trade old drive those.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Child bring maintain new investment audience away law old everything usually service right deep build as yet project hundred.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-3 Light Industrial",
    "permitted_uses": [
      "attention",
      "attack",
      "role",
      "past"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Foley, Summers and Vasquez",
        "lease_start_date": "2024-03-19",
        "lease_end_date": "2029-12-15",
        "monthly_rent": 47315,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Carrillo-Pennington",
        "lease_start_date": "2022-01-26",
        "lease_end_date": "2028-07-09",
        "monthly_rent": 52226,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ]
  }
}