<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-2025-9843
Date of Report: 2025-06-04
Subject Property: 86881 Wright Oval, Johnstonmouth, Nevada 29025
Prepared by: Miller, Davis and Pierce

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 high 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 poor state, with field notes indicating signs of differential settlement. Specialist notes recommend: 'Series run ten late lot relationship.' Similarly, the framing is considered Good; however, no significant issues were readily apparent. Of greater concern is the Modified Bitumen roofing system. Having been in service for approximately 12 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: Half second foot gas evidence most bill medical. 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 Fire Safety system is in Fair condition. The Sprinkler System exhibits issues such as inefficient operation, corrosion noted. The Electrical system is in Fair condition. The Main Switchgear exhibits issues such as inefficient operation, requires immediate service. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $72,053 in required expenditures over the next decade. This includes approximately $30,579 for Sprinkler System Replacement/Repair within 5 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $72,053. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of moderate impact, such as a Easement related to 'Barber-Evans holds a easement for transition end-to-end users.'. 

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 sprinkler system..</data>
{
  "report_id": "DDR-2025-9843",
  "property_address": "86881 Wright Oval, Johnstonmouth, Nevada 29025",
  "report_date": "2025-06-04",
  "report_author_firm": "Miller, Davis and Pierce",
  "overall_risk_assessment": "High",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "signs of differential settlement"
      ],
      "notes": "Series run ten late lot relationship."
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 12,
      "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": "Half second foot gas evidence most bill medical.",
        "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": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Poor",
          "issues": [
            "inefficient operation",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 9,
          "issues": [
            "inefficient operation",
            "requires immediate service"
          ]
        },
        {
          "component_name": "Panelboards",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 12
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Easement",
      "description": "Barber-Evans holds a easement for transition end-to-end users.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Easement",
      "description": "Yang, Jones and Bridges holds a easement for monetize front-end e-services.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 30579,
      "timeline_years": 5
    },
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 41474,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of main switchgear.",
    "Obtain proposals for replacement of sprinkler system."
  ],
  "estimated_remediation_cost_usd": 72053
}