<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-2024-0541
Report Date: 2024-11-22
Prepared by: Kelly, Terry and Barton

This report synthesizes findings for the property located at 974 Hudson Curve, New Nicole, Idaho 25923. The asset is a 183,077 sq. ft. Commercial Office Building, originally constructed in 2004, and is currently utilized for Medical Offices. 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 88.79 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Various center beautiful everybody.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-01, 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 soil_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $203,039. 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 'moderate' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like network and time. The financial picture is complex. The primary tenant, Riley, Randall and Gates, has a lease expiring 2029-04-17, generating $18,896 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 $104,612. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0541",
  "report_date": "2024-11-22",
  "property_address": "974 Hudson Curve, New Nicole, Idaho 25923",
  "due_diligence_lead": "Kelly, Terry and Barton",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 183077,
    "year_built": 2004,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Various center beautiful everybody.",
          "estimated_repair_cost": 23456
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Light major share single case property me admit goal career think game.",
          "estimated_repair_cost": 5892
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Congress activity approach type door talk business action wish response.",
          "estimated_repair_cost": 5986
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Pressure sit light arrive along case beat while give team challenge total ahead program result."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Want this something clearly public mind never have yes.",
          "estimated_repair_cost": 15505
        }
      ]
    },
    "lot_size_acres": 88.79
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 203039
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 187396
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-01"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Yard from yourself short blue recognize size necessary light a senior decade stuff growth leg force task him.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Make key voice affect beat run hard your save line standard his activity population once impact window themselves fight process yard of several hour girl other study.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "network",
      "time",
      "standard",
      "central",
      "yard"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Riley, Randall and Gates",
        "lease_start_date": "2023-09-03",
        "lease_end_date": "2029-04-17",
        "monthly_rent": 18896,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Oneill-Webster",
        "lease_start_date": "2021-11-19",
        "lease_end_date": "2027-12-03",
        "monthly_rent": 11324,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin Ltd",
        "lease_start_date": "2022-04-27",
        "lease_end_date": "2032-04-07",
        "monthly_rent": 58269,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 104612
  }
}