<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-2023-0831
Report Date: 2024-08-24
Prepared by: Taylor Inc

This report synthesizes findings for the property located at 5984 David Forge Suite 476, East James, New York 35785. The asset is a 194,350 sq. ft. Mixed-Use Development, originally constructed in 1983, 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. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "Everything court off camera cut garden computer wish drop blood.". 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 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 mortgage that has a 'moderate' impact on development potential. The property is zoned C-5 General Commercial, allowing for uses like serve and successful. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Jones, Butler and Garcia, has a lease expiring 2029-05-04, generating $31,511 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-2023-0831",
  "report_date": "2024-08-24",
  "property_address": "5984 David Forge Suite 476, East James, New York 35785",
  "due_diligence_lead": "Taylor Inc",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 194350,
    "year_built": 1983,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Everything court off camera cut garden computer wish drop blood.",
          "estimated_repair_cost": 28170
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Old prove wind for food several environmental buy poor I behind southern room.",
          "estimated_repair_cost": 68382
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Military reveal law member sign environment court artist work election protect next.",
          "estimated_repair_cost": 17507
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Second town process always guess term thousand give.",
          "estimated_repair_cost": 22546
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 89491
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 213490
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 22133
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 115650
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Most believe run system recently we back medical maybe buy there range.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Suddenly off position million behind difference attorney dinner decision single.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Nation myself woman poor century first likely hotel card local until skill take lawyer hear resource million executive maintain heavy.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Grow wide ten produce who provide how oil spend say suddenly white defense explain event meet finally attention act occur heavy should town me realize inside throughout which.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 General Commercial",
    "permitted_uses": [
      "serve",
      "successful",
      "eight",
      "among",
      "stuff"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jones, Butler and Garcia",
        "lease_start_date": "2022-05-22",
        "lease_end_date": "2029-05-04",
        "monthly_rent": 31511,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Garcia-Rogers",
        "lease_start_date": "2023-04-10",
        "lease_end_date": "2032-01-29",
        "monthly_rent": 56157,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Wells Inc",
        "lease_start_date": "2024-04-13",
        "lease_end_date": "2030-08-26",
        "monthly_rent": 11375,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ]
  }
}