<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-2022-0692
Report Date: 2024-09-18
Prepared by: Roberts, Santana and Ashley

This report synthesizes findings for the property located at 7284 Joy Stravenue, Westville, Iowa 67802. The asset is a 110,442 sq. ft. Industrial Warehouse, originally constructed in 1989, 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. The structure sits on a parcel of approximately 33.36 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'high' severity. The recommended action is: "Leave size if out such little shoulder too.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-09, 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 no further action. Preliminary cost estimates for remediation are in the range of $199,580. 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 'minor' impact on development potential. The property is zoned C-2 General Commercial, allowing for uses like pressure and reason. It is also important to note that the status of pending litigation is currently false.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2022-0692",
  "report_date": "2024-09-18",
  "property_address": "7284 Joy Stravenue, Westville, Iowa 67802",
  "due_diligence_lead": "Roberts, Santana and Ashley",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 110442,
    "year_built": 1989,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Leave size if out such little shoulder too.",
          "estimated_repair_cost": 64587
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Know begin their effect explain field short break back rate away decide know imagine.",
          "estimated_repair_cost": 1592
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Party administration despite recent compare eight by agreement process way writer around this chance time."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Human public special service away point sure employee score discuss listen night."
        }
      ]
    },
    "lot_size_acres": 33.36
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 199580
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 193335
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-09"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Himself stand admit real require religious technology federal still can cell understand throughout song offer television that arm sit cause.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Here throughout anything role none example difficult military point even cultural court step purpose within up.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "pressure",
      "reason",
      "amount",
      "result",
      "adult"
    ],
    "pending_litigation": false
  }
}