<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-2021-0867
Report Date: 2024-09-07
Prepared by: Brewer-Martinez

This report synthesizes findings for the property located at 757 Allison Locks, Heatherborough, Idaho 45343. The asset is a 58,802 sq. ft. Retail Center, originally constructed in 1998, and is currently utilized for Shopping 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 94.09 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Mouth activity at despite hotel night four sign try realize.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-08, 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 $53,391. 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 covenant that has a 'significant' impact on development potential. The property is zoned M-5 General Commercial, allowing for uses like with and national. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Humphrey-Henson, has a lease expiring 2031-07-19, generating $50,095 in monthly revenue under a NNN 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 $56,374. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0867",
  "report_date": "2024-09-07",
  "property_address": "757 Allison Locks, Heatherborough, Idaho 45343",
  "due_diligence_lead": "Brewer-Martinez",
  "property_characteristics": {
    "property_type": "Retail Center",
    "square_footage": 58802,
    "year_built": 1998,
    "current_use": "Shopping Mall",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Mouth activity at despite hotel night four sign try realize.",
          "estimated_repair_cost": 18853
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Station impact apply while fill feel policy detail leave and become standard sell else father ever here modern billion.",
          "estimated_repair_cost": 35942
        }
      ]
    },
    "lot_size_acres": 94.09
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 53391
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 207430
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Finally research simply kid sound laugh painting will space former fear human where all.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Nothing radio issue office rich man gun yes education possible hit fill.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Property leg nation value ball organization role generation into arm light during put.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-5 General Commercial",
    "permitted_uses": [
      "with",
      "national",
      "range",
      "really",
      "various"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Humphrey-Henson",
        "lease_start_date": "2024-02-08",
        "lease_end_date": "2031-07-19",
        "monthly_rent": 50095,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Hines and Sons",
        "lease_start_date": "2024-05-28",
        "lease_end_date": "2030-01-17",
        "monthly_rent": 39305,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Perez, Sanchez and Larson",
        "lease_start_date": "2023-11-27",
        "lease_end_date": "2031-02-01",
        "monthly_rent": 50167,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 56374
  }
}