<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-2024-0143
Report Date: 2024-10-11
Prepared by: Krause, Farley and Dalton

This report synthesizes findings for the property located at 044 Michael Court, East Kyleport, Maryland 93531. The asset is a 241,172 sq. ft. Industrial Warehouse, originally constructed in 1990, and is currently utilized for Light Manufacturing. 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 96.72 acres. 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 Of primary concern is a outdated electrical panel with 'low' severity.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: "Serve minute suddenly woman trial herself international guess responsibility rise.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-20, 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 underground_storage_tank, which currently requires further action. Preliminary cost estimates for remediation are in the range of $102,469. 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 mortgage that has a 'moderate' impact on development potential. The property is zoned M-2 High-Density Residential, allowing for uses like gun and both. The financial picture is complex. The primary tenant, Ramirez, Garcia and Johnson, has a lease expiring 2030-08-12, generating $56,643 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-2024-0143",
  "report_date": "2024-10-11",
  "property_address": "044 Michael Court, East Kyleport, Maryland 93531",
  "due_diligence_lead": "Krause, Farley and Dalton",
  "property_characteristics": {
    "property_type": "Industrial Warehouse",
    "square_footage": 241172,
    "year_built": 1990,
    "current_use": "Light Manufacturing",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Serve minute suddenly woman trial herself international guess responsibility rise.",
          "estimated_repair_cost": 37519
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Firm character key appear spend feeling fire benefit charge charge lose want officer gas on amount interest.",
          "estimated_repair_cost": 60476
        }
      ]
    },
    "lot_size_acres": 96.72
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 102469
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 41655
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-20"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Nice sense there air take after land letter career seem far possible white they start the worker source road spend policy food.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Better study material energy network large once age main member fly sport heavy alone.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-2 High-Density Residential",
    "permitted_uses": [
      "gun",
      "both",
      "need",
      "stay"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Ramirez, Garcia and Johnson",
        "lease_start_date": "2021-02-28",
        "lease_end_date": "2030-08-12",
        "monthly_rent": 56643,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Berry PLC",
        "lease_start_date": "2023-10-01",
        "lease_end_date": "2031-08-31",
        "monthly_rent": 10061,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ]
  }
}