<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-2025-5128
Date of Report: 2025-05-23
Subject Property: 5546 Anne Shoals Apt. 244, New Keith, Tennessee 46398
Prepared by: Smith, Bartlett and Shaw

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 poor state, with field notes indicating spalling concrete and signs of differential settlement.Similarly, the framing is considered Fair; however, minor wood rot at sill plates. Of greater concern is the Modified Bitumen roofing system. Having been in service for approximately 4 years, its condition is good, and it will require monitoring. 

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 Low severity relates to Historical Contamination: Test only book their back leg seem like past pressure their movie purpose reduce. 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. The Fire Safety system is in Fair condition. The Sprinkler System exhibits issues such as inefficient operation. The Electrical system is in Good condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $90,894 in required expenditures over the next decade. This includes approximately $29,458 for Water Heaters Replacement/Repair within 5 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $90,894. 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of minor impact, such as a Easement related to 'Nguyen, Castillo and Anderson holds a easement for engage interactive deliverables.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Require seller to resolve existing mechanics lien prior to closing.; Obtain proposals for replacement of sprinkler system.; Obtain proposals for replacement of water heaters..</data>
{
  "report_id": "DDR-2025-5128",
  "property_address": "5546 Anne Shoals Apt. 244, New Keith, Tennessee 46398",
  "report_date": "2025-05-23",
  "report_author_firm": "Smith, Bartlett and Shaw",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "spalling concrete",
        "signs of differential settlement"
      ]
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "minor wood rot at sill plates"
      ]
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 4,
      "condition": "Good"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Historical Contamination",
        "description": "Test only book their back leg seem like past pressure their movie purpose reduce.",
        "severity": "Low"
      },
      {
        "type": "Hazardous Material Storage",
        "description": "Social there artist party total same risk.",
        "severity": "Low"
      }
    ],
    "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": 10,
          "issues": [
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 4,
          "issues": [
            "inefficient operation"
          ]
        },
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 5
        }
      ],
      "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": "Good"
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Easement",
      "description": "Nguyen, Castillo and Anderson holds a easement for engage interactive deliverables.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Covenant",
      "description": "Mendez Ltd holds a covenant for aggregate cross-media partnerships.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Lien",
      "description": "Chavez LLC holds a lien for utilize B2C platforms.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 29458,
      "timeline_years": 5
    },
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 61436,
      "timeline_years": 3
    }
  ],
  "key_due_diligence_recommendations": [
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of sprinkler system.",
    "Obtain proposals for replacement of water heaters."
  ],
  "estimated_remediation_cost_usd": 90894
}