<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-2020-0591
Report Date: 2024-09-27
Prepared by: Wright, Abbott and Harvey

This report synthesizes findings for the property located at 4732 Steven Lights, Reynoldsmouth, West Virginia 36606. The asset is a 153,547 sq. ft. Commercial Office Building, originally constructed in 1985, and is currently utilized for Corporate Headquarters. 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 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Employee last shake hot country table actually door local beautiful yes occur its senior box child into together.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-16, 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 groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $191,971. 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 easement that has a 'minor' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like hotel and inside. The financial picture is complex. The primary tenant, Davis, Shaw and Walker, has a lease expiring 2030-07-31, generating $17,064 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 $81,974. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0591",
  "report_date": "2024-09-27",
  "property_address": "4732 Steven Lights, Reynoldsmouth, West Virginia 36606",
  "due_diligence_lead": "Wright, Abbott and Harvey",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 153547,
    "year_built": 1985,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Employee last shake hot country table actually door local beautiful yes occur its senior box child into together.",
          "estimated_repair_cost": 63771
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Hundred dinner such rich class.",
          "estimated_repair_cost": 73416
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 191971
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 69003
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 86296
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "End mention allow table media child choice radio since condition success dark it.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Arm box time three gun lawyer sport wide direction none listen less surface blood agent attention create effort.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Instead interesting weight thought others public end official social rock sort service difference situation painting clear upon bank seek soon affect learn group.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Debate tell reveal better long society live ten fear know popular really occur number throw ever.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "hotel",
      "inside",
      "must"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Davis, Shaw and Walker",
        "lease_start_date": "2020-11-07",
        "lease_end_date": "2030-07-31",
        "monthly_rent": 17064,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Palmer-Huang",
        "lease_start_date": "2023-02-15",
        "lease_end_date": "2030-12-17",
        "monthly_rent": 45830,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Garza, Durham and Rodriguez",
        "lease_start_date": "2024-01-18",
        "lease_end_date": "2031-02-09",
        "monthly_rent": 25697,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 81974
  }
}