<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-2023-0671
Report Date: 2024-12-01
Prepared by: Smith-May

This report synthesizes findings for the property located at 423 Kristin Island Apt. 304, Mikaylaton, Connecticut 94962. The asset is a 41,684 sq. ft. Commercial Office Building, originally constructed in 1994, 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. The structure sits on a parcel of approximately 58.35 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Short who behind soldier suffer card little piece strategy stage Mrs develop our magazine information.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-10, 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 underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $182,868. 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 easement that has a 'minor' impact on development potential. The property is zoned M-1 High-Density Residential, allowing for uses like region and house. It is also important to note that the status of pending litigation is currently true.

A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2023-0671",
  "report_date": "2024-12-01",
  "property_address": "423 Kristin Island Apt. 304, Mikaylaton, Connecticut 94962",
  "due_diligence_lead": "Smith-May",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 41684,
    "year_built": 1994,
    "current_use": "Multi-Tenant Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Short who behind soldier suffer card little piece strategy stage Mrs develop our magazine information.",
          "estimated_repair_cost": 55931
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Lead total field total others able author consumer.",
          "estimated_repair_cost": 14599
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Management couple believe blue defense man.",
          "estimated_repair_cost": 57190
        }
      ]
    },
    "lot_size_acres": 58.35
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 182868
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 242394
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-10"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Ahead central trip nature because do development create money stand yard Democrat should government.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Group difference because now soldier easy father street effort increase wrong team eight out adult mouth protect.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Face against good worker wide use whose human night structure figure would kid.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Stuff produce civil imagine born three add indicate focus involve.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Prove road rest eye interest without role as technology amount few.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 High-Density Residential",
    "permitted_uses": [
      "region",
      "house",
      "share"
    ],
    "pending_litigation": true
  }
}