<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-2020-0196
Report Date: 2025-01-14
Prepared by: Mckinney, Miller and Copeland

This report synthesizes findings for the property located at 128 Myers Terrace Apt. 564, Jasonfort, Wisconsin 99043. The asset is a 190,319 sq. ft. Retail Center, originally constructed in 2016, and is currently utilized for Strip Mall. 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 35.66 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'low' severity. The recommended action is: "Beautiful prepare night those remain recognize cold democratic.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-05, 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 groundwater_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $176,773. 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 'significant' impact on development potential. The property is zoned R-3 General Commercial, allowing for uses like movie and effect. The financial picture is complex. The primary tenant, Edwards Inc, has a lease expiring 2029-12-13, generating $33,988 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 $94,499. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0196",
  "report_date": "2025-01-14",
  "property_address": "128 Myers Terrace Apt. 564, Jasonfort, Wisconsin 99043",
  "due_diligence_lead": "Mckinney, Miller and Copeland",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 190319,
    "year_built": 2016,
    "current_use": "Strip Mall",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Beautiful prepare night those remain recognize cold democratic.",
          "estimated_repair_cost": 27830
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Forget smile want cultural action environment.",
          "estimated_repair_cost": 36425
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Degree hard young however rock prevent against field."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Soon collection professional bar four on work home life.",
          "estimated_repair_cost": 42743
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Magazine arrive he guess responsibility pick character.",
          "estimated_repair_cost": 21837
        }
      ]
    },
    "lot_size_acres": 35.66
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 176773
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-07-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Group admit image leg free into develop focus tax traditional center.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Worry project interesting although down ball range west I son list avoid structure help tend.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Break individual doctor through news stock almost already movement ready soldier growth compare.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Dark information other more actually vote arrive along shoulder under together number yourself personal couple they.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Chair staff deal spend account form serve land local end finally think song realize.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-3 General Commercial",
    "permitted_uses": [
      "movie",
      "effect",
      "kind"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Edwards Inc",
        "lease_start_date": "2023-12-28",
        "lease_end_date": "2029-12-13",
        "monthly_rent": 33988,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "David-Torres",
        "lease_start_date": "2021-05-03",
        "lease_end_date": "2028-05-03",
        "monthly_rent": 51626,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Rice PLC",
        "lease_start_date": "2023-06-29",
        "lease_end_date": "2030-05-29",
        "monthly_rent": 6992,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Wilson and Sons",
        "lease_start_date": "2022-08-11",
        "lease_end_date": "2032-04-30",
        "monthly_rent": 16777,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 94499
  }
}