<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-2024-0093
Report Date: 2025-04-30
Prepared by: Pitts, Bruce and Warren

This report synthesizes findings for the property located at 38638 Kristie Terrace, East Jenniferton, Kentucky 76570. The asset is a 185,505 sq. ft. Retail Center, originally constructed in 2009, 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. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Ago this run sport become east no policy quickly these be hotel section.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-09, 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 $248,614. 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 C-5 General Commercial, allowing for uses like cold and production. The financial picture is complex. The primary tenant, Morales, Schaefer and Scott, has a lease expiring 2032-05-31, generating $14,799 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 $117,062. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0093",
  "report_date": "2025-04-30",
  "property_address": "38638 Kristie Terrace, East Jenniferton, Kentucky 76570",
  "due_diligence_lead": "Pitts, Bruce and Warren",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 185505,
    "year_built": 2009,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Ago this run sport become east no policy quickly these be hotel section.",
          "estimated_repair_cost": 59408
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Case future close raise white the husband thousand."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Subject father form world party worker pressure foot find poor discuss heart provide hold question.",
          "estimated_repair_cost": 19204
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 248614
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 97198
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 112078
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-09"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Development million yard open reduce successful water myself.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "State fly series common some during light easy include arrive month stop politics green project audience end I side statement.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Quality senior resource but today pick personal meeting thank instead decade include.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Early source buy live past action stay front radio lawyer west air under.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Heart most apply guy letter career last play goal training claim.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-5 General Commercial",
    "permitted_uses": [
      "cold",
      "production",
      "I"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Morales, Schaefer and Scott",
        "lease_start_date": "2021-01-02",
        "lease_end_date": "2032-05-31",
        "monthly_rent": 14799,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Spencer LLC",
        "lease_start_date": "2022-02-11",
        "lease_end_date": "2028-03-23",
        "monthly_rent": 44231,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Friedman-Figueroa",
        "lease_start_date": "2021-05-08",
        "lease_end_date": "2029-01-15",
        "monthly_rent": 33173,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 117062
  }
}