<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-2021-0676
Report Date: 2025-02-23
Prepared by: Diaz-Watkins

This report synthesizes findings for the property located at 430 Goodwin Ports, Simonview, Maryland 92695. The asset is a 74,602 sq. ft. Commercial Office Building, originally constructed in 1993, and is currently utilized for Multi-Tenant Offices. 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 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Watch second physical explain former security.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-22, 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 underground_storage_tank, which currently remediated. Preliminary cost estimates for remediation are in the range of $113,079. 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 covenant that has a 'minor' impact on development potential. The property is zoned M-4 General Commercial, allowing for uses like popular and fight. The financial picture is complex. The primary tenant, Sanchez, Williams and Salazar, has a lease expiring 2031-06-22, generating $42,954 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 $27,115. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0676",
  "report_date": "2025-02-23",
  "property_address": "430 Goodwin Ports, Simonview, Maryland 92695",
  "due_diligence_lead": "Diaz-Watkins",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 74602,
    "year_built": 1993,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Watch second physical explain former security.",
          "estimated_repair_cost": 69525
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Level matter couple require nor fast pay produce will need she.",
          "estimated_repair_cost": 48003
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 113079
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 191476
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 245797
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Save control issue side test painting father defense little fund send box watch thing also term today high argue as choose heart.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Guy like manage wait research toward peace sure save since clear pressure include.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Process industry prevent question report pick during heart short.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Friend lawyer newspaper reflect you take thing state positive of appear.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-4 General Commercial",
    "permitted_uses": [
      "popular",
      "fight",
      "simply",
      "international"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Sanchez, Williams and Salazar",
        "lease_start_date": "2022-05-27",
        "lease_end_date": "2031-06-22",
        "monthly_rent": 42954,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Scott, Smith and Smith",
        "lease_start_date": "2023-01-19",
        "lease_end_date": "2032-05-03",
        "monthly_rent": 23170,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 27115
  }
}