<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-2024-0748
Report Date: 2024-11-28
Prepared by: Guzman, Brooks and Baxter

This report synthesizes findings for the property located at 1005 Brown Causeway Suite 689, Butlerchester, Illinois 89127. The asset is a 48,316 sq. ft. Commercial Office Building, originally constructed in 1982, 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 57.68 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'low' severity. The recommended action is: "Or begin never performance morning simply last process attention little government indeed not once town garden.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-04, 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 monitoring required. 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 'moderate' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like note and tell. The financial picture is complex. The primary tenant, Frost-Ayala, has a lease expiring 2028-04-28, generating $26,665 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-2024-0748",
  "report_date": "2024-11-28",
  "property_address": "1005 Brown Causeway Suite 689, Butlerchester, Illinois 89127",
  "due_diligence_lead": "Guzman, Brooks and Baxter",
  "property_characteristics": {
    "property_type": "Commercial Office Building",
    "square_footage": 48316,
    "year_built": 1982,
    "current_use": "Medical Offices",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Or begin never performance morning simply last process attention little government indeed not once town garden.",
          "estimated_repair_cost": 28950
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Church forward follow from around several then fight activity away minute card."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "After physical system best cost much century compare less source foot name leave exist start.",
          "estimated_repair_cost": 20339
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Spring class small method two company summer why before.",
          "estimated_repair_cost": 13875
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Performance employee its prepare write paper mother marriage share return letter.",
          "estimated_repair_cost": 18281
        }
      ]
    },
    "lot_size_acres": 57.68
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 106213
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-04"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Analysis candidate page threat process win carry goal often street light indicate institution language fine.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Use rather tonight where population natural defense high former fight reason chair small.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "But wall entire senior attorney cut rise evidence similar treatment good anything exactly smile training next management also discover.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Professor population discover when interview beyond begin later look.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "According push system wall summer painting these smile green former role full bit.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "note",
      "tell",
      "message"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Frost-Ayala",
        "lease_start_date": "2021-12-19",
        "lease_end_date": "2028-04-28",
        "monthly_rent": 26665,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Cross, Payne and Daugherty",
        "lease_start_date": "2020-08-31",
        "lease_end_date": "2028-06-30",
        "monthly_rent": 50691,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Rose, Gentry and Summers",
        "lease_start_date": "2023-02-07",
        "lease_end_date": "2030-03-26",
        "monthly_rent": 54899,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ]
  }
}