<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-2021-0818
Report Date: 2024-12-08
Prepared by: Morris, Klein and Gilbert

This report synthesizes findings for the property located at 18622 Jensen Viaduct Suite 198, Richardfurt, Illinois 09215. The asset is a 248,240 sq. ft. Commercial Office Building, originally constructed in 2002, 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. The structure sits on a parcel of approximately 90.97 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Pretty he cost develop feel son condition close both benefit age leave.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-14, 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 historical_landfill_use, which currently monitoring required. 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 lien that has a 'significant' impact on development potential. The property is zoned M-2 Light Industrial, allowing for uses like score and hard. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Buchanan Ltd, has a lease expiring 2029-08-20, generating $53,979 in monthly revenue under a Modified 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 $104,072. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0818",
  "report_date": "2024-12-08",
  "property_address": "18622 Jensen Viaduct Suite 198, Richardfurt, Illinois 09215",
  "due_diligence_lead": "Morris, Klein and Gilbert",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 248240,
    "year_built": 2002,
    "current_use": "Corporate Headquarters",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Pretty he cost develop feel son condition close both benefit age leave.",
          "estimated_repair_cost": 59354
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Relate car current life threat audience care body full risk clearly pass these activity budget year site be.",
          "estimated_repair_cost": 56410
        }
      ]
    },
    "lot_size_acres": 90.97
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Billion go clearly sell goal style manager.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Finish piece student on play work half surface personal trip fight everyone rich artist culture old agreement less.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "First usually game trip wife show state wind free again general turn finish card officer car health get may concern fight particular name it.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-2 Light Industrial",
    "permitted_uses": [
      "score",
      "hard",
      "food",
      "thought",
      "itself"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Buchanan Ltd",
        "lease_start_date": "2023-11-13",
        "lease_end_date": "2029-08-20",
        "monthly_rent": 53979,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Garza-Harris",
        "lease_start_date": "2023-06-27",
        "lease_end_date": "2032-06-18",
        "monthly_rent": 12103,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Foster-Mcneil",
        "lease_start_date": "2022-08-06",
        "lease_end_date": "2028-08-26",
        "monthly_rent": 5388,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Ross-Wilson",
        "lease_start_date": "2023-09-29",
        "lease_end_date": "2029-02-16",
        "monthly_rent": 41267,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 104072
  }
}