<format type="json">{report_id: string, property_address: string, report_date: date, report_author_firm: string, overall_risk_assessment: string, estimated_remediation_cost_usd: number optional, structural_assessment: {foundation: {condition: string, issues_identified: list[string], notes: string optional}, framing: {condition: string, issues_identified: list[string], notes: string optional}, roofing: {material: string, age_years: number, condition: string, recommended_action: string optional}}, environmental_findings: {phase_i_esa_status: string, recognized_environmental_conditions: list[{type: string, description: string, severity: string, recommended_action: string optional}], asbestos_containing_materials_present: boolean, lead_based_paint_present: boolean}, building_systems: list[{system_type: string, components_summary: list[{component_name: string, condition: string, estimated_lifespan_remaining_years: number optional, issues: list[string] optional}], overall_system_condition: string, system_recommendations: string optional}], title_encumbrances: list[{type: string, description: string, impact_assessment: string}], capital_expenditure_projections: list[{item: string, category: string, estimated_cost_usd: number, timeline_years: number}], key_due_diligence_recommendations: list[string], summary_narrative: string optional}</format> <data>EXECUTIVE SUMMARY: COMMERCIAL PROPERTY DUE DILIGENCE REPORT
Report ID: DDR-2025-5743
Date of Report: 2025-05-19
Subject Property: 712 Misty Causeway Suite 614, South Jose, Virginia 34914
Prepared by: Cook-Stokes

This report, commissioned by our client, synthesizes the findings from a comprehensive due diligence investigation of the subject property. The inspection, conducted on a brisk weekday, revealed a significant risk profile, driven by several key factors across structural, environmental, and financial domains. The on-site property manager was cooperative during our walkthrough. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in good state, with field notes indicating .Similarly, the framing is considered Poor; however, evidence of past termite activity and minor wood rot at sill plates. Of greater concern is the Built-Up Roof (BUR) roofing system. Having been in service for approximately 19 years, its condition is fair, and our recommendation is a full replacement recommended within next 1-3 years. 

Environmental Findings:
The Phase I Environmental Site Assessment (ESA) concluded with a status of 'RECs Identified'. Multiple Recognized Environmental Conditions (RECs) were documented. A notable REC of Moderate severity relates to Adjacent Property Concern: Concern bed threat heavy they person only city all far soldier experience office wife movement. A survey for hazardous materials confirmed that the presence of asbestos-containing materials is not suspected, while lead-based paint is not expected. 

Building Systems and Capital Needs:
An evaluation of major building systems revealed significant deferred maintenance. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as requires immediate service, inefficient operation. The Electrical system is in Poor condition. The Main Switchgear exhibits issues such as nearing end of useful life, corrosion noted. The HVAC system is in Good condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $82,591 in required expenditures over the next decade. This includes approximately $40,972 for Water Heaters Replacement/Repair within 1 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $82,591. 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of moderate impact, such as a Encroachment related to 'Reyes, Lynn and Vazquez holds a encroachment for re-contextualize integrated paradigms.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of main switchgear.; Obtain proposals for replacement of water heaters..</data>
{
  "report_id": "DDR-2025-5743",
  "property_address": "712 Misty Causeway Suite 614, South Jose, Virginia 34914",
  "report_date": "2025-05-19",
  "report_author_firm": "Cook-Stokes",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "evidence of past termite activity",
        "minor wood rot at sill plates"
      ]
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 19,
      "condition": "Fair",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Adjacent Property Concern",
        "description": "Concern bed threat heavy they person only city all far soldier experience office wife movement.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Adjacent Property Concern",
        "description": "Continue recent ball direction material during memory present drive agency peace subject imagine care.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 9,
          "issues": [
            "requires immediate service",
            "inefficient operation"
          ]
        },
        {
          "component_name": "Supply Pipes",
          "condition": "Poor"
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "issues": [
            "nearing end of useful life",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Site Lighting",
          "condition": "Poor"
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 5
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Reyes, Lynn and Vazquez holds a encroachment for re-contextualize integrated paradigms.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Covenant",
      "description": "Porter-Benton holds a covenant for enable strategic infrastructures.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Johnson Inc holds a easement for streamline killer mindshare.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 40972,
      "timeline_years": 1
    },
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 41619,
      "timeline_years": 3
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of main switchgear.",
    "Obtain proposals for replacement of water heaters."
  ],
  "estimated_remediation_cost_usd": 82591
}