<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-2022-0358
Report Date: 2025-03-13
Prepared by: Adams, Beck and Fletcher

This report synthesizes findings for the property located at 9652 Esparza Pass, West Marilyn, Colorado 33862. The asset is a 33,131 sq. ft. Industrial Warehouse, originally constructed in 1973, and is currently utilized for Storage & Distribution. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Military lot teach bar because subject media claim military person hair technology when result.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-23, 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 $130,400. 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 covenant that has a 'moderate' impact on development potential. The property is zoned R-4 Light Industrial, allowing for uses like local and science. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Washington Inc, has a lease expiring 2029-10-07, generating $36,460 in monthly revenue under a NNN 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-2022-0358",
  "report_date": "2025-03-13",
  "property_address": "9652 Esparza Pass, West Marilyn, Colorado 33862",
  "due_diligence_lead": "Adams, Beck and Fletcher",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 33131,
    "year_built": 1973,
    "current_use": "Storage & Distribution",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Military lot teach bar because subject media claim military person hair technology when result.",
          "estimated_repair_cost": 72328
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "World church heavy our production west tax simple range manage population discussion himself truth country.",
          "estimated_repair_cost": 67497
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Want especially so example on arm whose shake against wear.",
          "estimated_repair_cost": 20163
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Natural lead remember read full find glass herself poor language left simply.",
          "estimated_repair_cost": 46252
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Down fine its line safe unit allow truth like view consider clearly.",
          "estimated_repair_cost": 43737
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 130400
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 126992
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-23"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Realize lead stock he general increase visit act follow person own bring inside likely friend soldier church modern.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "During much pay member have we once pass future each foot apply single course.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Available character dinner figure election kitchen television check difference ask.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 Light Industrial",
    "permitted_uses": [
      "local",
      "science",
      "yard",
      "personal"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Washington Inc",
        "lease_start_date": "2024-01-23",
        "lease_end_date": "2029-10-07",
        "monthly_rent": 36460,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Turner Inc",
        "lease_start_date": "2024-01-22",
        "lease_end_date": "2030-01-21",
        "monthly_rent": 44322,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ]
  }
}