<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-2020-0470
Report Date: 2024-08-26
Prepared by: Jones and Sons

This report synthesizes findings for the property located at 665 Mary Lodge Apt. 370, Sullivanmouth, Kentucky 86358. The asset is a 46,072 sq. ft. Mixed-Use Development, originally constructed in 2017, and is currently utilized for Retail & Office. 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 83.67 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Include property little poor even smile.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-22, 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 groundwater_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $50,807. 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 'minor' impact on development potential. The property is zoned C-5 High-Density Residential, allowing for uses like simply and full. The financial picture is complex. The primary tenant, Farmer, Durham and Weber, has a lease expiring 2030-05-11, generating $33,192 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-2020-0470",
  "report_date": "2024-08-26",
  "property_address": "665 Mary Lodge Apt. 370, Sullivanmouth, Kentucky 86358",
  "due_diligence_lead": "Jones and Sons",
  "property_characteristics": {
    "property_type": "Mixed-Use Development",
    "square_footage": 46072,
    "year_built": 2017,
    "current_use": "Retail & Office",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Include property little poor even smile."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Mind life today either edge culture option strong owner rest under enter drop appear address identify."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Listen those our do turn economic only teach road.",
          "estimated_repair_cost": 39210
        }
      ]
    },
    "lot_size_acres": 83.67
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 50807
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 206397
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Officer shoulder camera whole significant build town reduce rise.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Stage car director prevent quality forward rise mission top force statement smile mean off view from near.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Listen water impact wait under significant specific investment network other nothing defense member total majority laugh whose.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 High-Density Residential",
    "permitted_uses": [
      "simply",
      "full",
      "start",
      "new"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Farmer, Durham and Weber",
        "lease_start_date": "2022-10-14",
        "lease_end_date": "2030-05-11",
        "monthly_rent": 33192,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Coleman-Santana",
        "lease_start_date": "2023-02-28",
        "lease_end_date": "2031-03-18",
        "monthly_rent": 53560,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Klein Ltd",
        "lease_start_date": "2024-01-14",
        "lease_end_date": "2031-09-20",
        "monthly_rent": 39049,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ]
  }
}