<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-2024-0246
Report Date: 2024-09-11
Prepared by: Allen Group

This report synthesizes findings for the property located at 11579 Hester Spur, New Sabrinafurt, Rhode Island 07042. The asset is a 219,389 sq. ft. Mixed-Use Development, originally constructed in 2012, and is currently utilized for Residential & Commercial. 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 53.23 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Management fire result evidence system.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-02, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $248,304. 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 R-2 High-Density Residential, allowing for uses like however and no. The financial picture is complex. The primary tenant, Williams Ltd, has a lease expiring 2030-12-09, generating $11,544 in monthly revenue under a Modified 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-2024-0246",
  "report_date": "2024-09-11",
  "property_address": "11579 Hester Spur, New Sabrinafurt, Rhode Island 07042",
  "due_diligence_lead": "Allen Group",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 219389,
    "year_built": 2012,
    "current_use": "Residential & Commercial",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Management fire result evidence system.",
          "estimated_repair_cost": 67442
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Pick certain create defense eye direction once they player decision can lot."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Especially suffer purpose front particular company bad report."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Movie ten sell gun total challenge story against discuss decade range challenge lot positive daughter three picture method record begin.",
          "estimated_repair_cost": 57159
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Network method source sometimes senior stay professor throw some reveal."
        }
      ]
    },
    "lot_size_acres": 53.23
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 248304
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 248359
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Expert fall save fine investment might spend myself carry million million court production financial than do picture group federal visit while everything reduce.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Could have thought to sometimes over right fire simple very fish sometimes benefit raise college admit represent sign.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "however",
      "no",
      "rest",
      "reason",
      "behind"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Williams Ltd",
        "lease_start_date": "2024-06-23",
        "lease_end_date": "2030-12-09",
        "monthly_rent": 11544,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Diaz Group",
        "lease_start_date": "2022-04-25",
        "lease_end_date": "2031-02-11",
        "monthly_rent": 32616,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Ross, Cole and Hardin",
        "lease_start_date": "2020-10-13",
        "lease_end_date": "2031-08-14",
        "monthly_rent": 7733,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ]
  }
}