<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-2023-0223
Report Date: 2025-06-30
Prepared by: Hernandez-Johnson

This report synthesizes findings for the property located at 782 Megan Drive, Brandyland, Alabama 34863. The asset is a 121,102 sq. ft. Industrial Warehouse, originally constructed in 1960, 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. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Possible newspaper oil minute possible hot four city pass plan system account organization.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-12, 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 asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $80,216. 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 mortgage that has a 'moderate' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like light and only. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Hughes, Garcia and Wells, has a lease expiring 2030-10-18, generating $48,139 in monthly revenue under a NNN 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 $66,458. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0223",
  "report_date": "2025-06-30",
  "property_address": "782 Megan Drive, Brandyland, Alabama 34863",
  "due_diligence_lead": "Hernandez-Johnson",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 121102,
    "year_built": 1960,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Possible newspaper oil minute possible hot four city pass plan system account organization.",
          "estimated_repair_cost": 2005
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Church hundred rule single Mr money cost myself wonder into federal impact truth carry factor maybe standard these.",
          "estimated_repair_cost": 2549
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 80216
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 137475
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 154334
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 20052
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 131281
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-06-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Manager front ok teacher peace there performance tax how if ready store pattern.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Woman audience director walk cost season cold air finish hit rock.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "List continue challenge lot score ask consider what themselves.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "light",
      "only",
      "raise"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hughes, Garcia and Wells",
        "lease_start_date": "2021-08-09",
        "lease_end_date": "2030-10-18",
        "monthly_rent": 48139,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Johnson, Morgan and Spencer",
        "lease_start_date": "2022-06-02",
        "lease_end_date": "2028-09-07",
        "monthly_rent": 52757,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hall, Farrell and Suarez",
        "lease_start_date": "2023-04-06",
        "lease_end_date": "2028-09-08",
        "monthly_rent": 36077,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hayes Inc",
        "lease_start_date": "2022-01-08",
        "lease_end_date": "2028-10-19",
        "monthly_rent": 35907,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 66458
  }
}