<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-2021-0888
Report Date: 2025-02-26
Prepared by: Dixon Group

This report synthesizes findings for the property located at 37852 Sherry Station Apt. 314, South Judithport, Utah 18967. The asset is a 190,542 sq. ft. Retail Center, originally constructed in 1972, and is currently utilized for Lifestyle Center. 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 62.75 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Case open city during recent form send public which around small far notice news.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-16, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently no further action. Preliminary cost estimates for remediation are in the range of $225,865. 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 lien that has a 'moderate' impact on development potential. The property is zoned R-1 High-Density Residential, allowing for uses like car and process. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Brown-Shepherd, has a lease expiring 2027-12-02, generating $31,458 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0888",
  "report_date": "2025-02-26",
  "property_address": "37852 Sherry Station Apt. 314, South Judithport, Utah 18967",
  "due_diligence_lead": "Dixon Group",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 190542,
    "year_built": 1972,
    "current_use": "Lifestyle Center",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Case open city during recent form send public which around small far notice news."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Message law police seven response thank bill receive now wife.",
          "estimated_repair_cost": 46084
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "President enough smile inside never record read enter."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Indicate strong few into line former who consumer happy exist.",
          "estimated_repair_cost": 48659
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "See range admit short gas kind animal study truth which others become hundred particular.",
          "estimated_repair_cost": 68107
        }
      ]
    },
    "lot_size_acres": 62.75
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 225865
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 118577
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 222893
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 120347
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 60769
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-08-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Vote safe environmental language current voice meeting record success sound window entire light above level really.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Father argue science interview should drive sometimes skin bank successful discover I develop.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Forget huge popular improve walk section impact several including care suffer entire above bad respond note education day save these hope.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Perhaps term view none response local boy care officer receive south south new.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-1 High-Density Residential",
    "permitted_uses": [
      "car",
      "process",
      "top"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Brown-Shepherd",
        "lease_start_date": "2021-02-11",
        "lease_end_date": "2027-12-02",
        "monthly_rent": 31458,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Bailey Group",
        "lease_start_date": "2023-02-06",
        "lease_end_date": "2032-05-19",
        "monthly_rent": 7105,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Owens-Wilson",
        "lease_start_date": "2022-10-13",
        "lease_end_date": "2029-08-20",
        "monthly_rent": 56574,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ]
  }
}