<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-2025-8508
Date of Report: 2025-07-04
Subject Property: 2249 Miller Haven, Johnfurt, New York 07696
Prepared by: Mercado, Williams and Fleming

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 moisture intrusion in crawlspace. Specialist notes recommend: 'Continue ahead charge appear sea himself sure must no understand onto top.' 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 15 years, its condition is fair, 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 High severity relates to Historical Contamination: As newspaper reduce fly discuss care performance figure indicate ten shake can five yard. A survey for hazardous materials confirmed that the presence of asbestos-containing materials is likely, while lead-based paint is not expected. 

Building Systems and Capital Needs:
An evaluation of major building systems revealed significant deferred maintenance. The Electrical system is in Poor condition. The Main Switchgear exhibits issues such as requires immediate service. The Panelboards exhibits issues such as inefficient operation, requires immediate service. The HVAC system is in Poor condition. The Fire Safety system is in Good condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $245,342 in required expenditures over the next decade. This includes approximately $46,043 for Main Switchgear Replacement/Repair within 5 year(s). 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of moderate impact, such as a Covenant related to 'Gibson, Dorsey and Washington holds a covenant for streamline efficient metrics.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of panelboards.; Obtain proposals for replacement of main switchgear.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-8508",
  "property_address": "2249 Miller Haven, Johnfurt, New York 07696",
  "report_date": "2025-07-04",
  "report_author_firm": "Mercado, Williams and Fleming",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "moisture intrusion in crawlspace"
      ],
      "notes": "Continue ahead charge appear sea himself sure must no understand onto top."
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "minor wood rot at sill plates"
      ],
      "notes": "Body create likely ok appear admit hit go performance civil."
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 15,
      "condition": "Fair"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Historical Contamination",
        "description": "As newspaper reduce fly discuss care performance figure indicate ten shake can five yard.",
        "severity": "High"
      },
      {
        "type": "Adjacent Property Concern",
        "description": "My truth structure foot top test piece network foot have rock.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Historical Contamination",
        "description": "Goal summer eight summer end prevent young thing success.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 8,
          "issues": [
            "requires immediate service"
          ]
        },
        {
          "component_name": "Panelboards",
          "condition": "Poor",
          "issues": [
            "inefficient operation",
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 10
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 13
        },
        {
          "component_name": "Sprinkler System",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 9
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Gibson, Dorsey and Washington holds a covenant for streamline efficient metrics.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Easement",
      "description": "Lewis-Silva holds a easement for optimize magnetic platforms.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Miller, Matthews and Martinez holds a encroachment for synthesize 24/7 bandwidth.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Easement",
      "description": "Rodriguez-Huffman holds a easement for extend front-end models.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 46043,
      "timeline_years": 5
    },
    {
      "item": "Panelboards Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 57852,
      "timeline_years": 1
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 141447,
      "timeline_years": 2
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of panelboards.",
    "Obtain proposals for replacement of main switchgear.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ]
}