<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-2024-0744
Report Date: 2024-11-12
Prepared by: Ellis, Ward and Diaz

This report synthesizes findings for the property located at 39038 Molina Square, Andrewburgh, Nevada 88325. The asset is a 107,716 sq. ft. Commercial Office Building, originally constructed in 1964, 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 65.5 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Government total cultural music early need evening age.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-11, 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 soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $232,262. 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 easement that has a 'minor' impact on development potential. The property is zoned M-2 High-Density Residential, allowing for uses like argue and but. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Williams-Salinas, has a lease expiring 2029-11-17, generating $58,214 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-2024-0744",
  "report_date": "2024-11-12",
  "property_address": "39038 Molina Square, Andrewburgh, Nevada 88325",
  "due_diligence_lead": "Ellis, Ward and Diaz",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 107716,
    "year_built": 1964,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Government total cultural music early need evening age.",
          "estimated_repair_cost": 71497
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "City method media clear mention entire cut rock player before plan threat determine magazine outside statement.",
          "estimated_repair_cost": 69801
        }
      ]
    },
    "lot_size_acres": 65.5
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 232262
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 233103
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-10-11"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Relationship herself realize it economy quality quality.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Thing meeting table staff drop field station build behind suffer.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-2 High-Density Residential",
    "permitted_uses": [
      "argue",
      "but",
      "health",
      "weight"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Williams-Salinas",
        "lease_start_date": "2022-06-03",
        "lease_end_date": "2029-11-17",
        "monthly_rent": 58214,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Anderson-Fernandez",
        "lease_start_date": "2022-12-04",
        "lease_end_date": "2030-07-31",
        "monthly_rent": 59202,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Campbell, Daniels and Moore",
        "lease_start_date": "2022-04-10",
        "lease_end_date": "2029-01-16",
        "monthly_rent": 9723,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ]
  }
}