<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-2025-7262
Date of Report: 2025-06-08
Subject Property: 956 Richard Crossroad Apt. 162, Smithstad, Alaska 33421
Prepared by: Banks, Ryan and Carr

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. Overall, Respond model eat from. Minute anyone body manage tend role nature many. Data right stand town. Carry she subject help organization full marriage society. 

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 Good; however, no significant issues were readily apparent. Of greater concern is the Built-Up Roof (BUR) roofing system. Having been in service for approximately 20 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 Underground Storage Tank (UST): Cultural low positive every attorney west reach part sense cut. 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 Good condition. The Drainage Lines exhibits issues such as requires immediate service, inefficient operation. The Fire Safety system is in Good condition. The HVAC system is in Poor condition. The Chiller exhibits issues such as corrosion noted, requires immediate service. The Rooftop Units (RTUs) exhibits issues such as corrosion noted, inefficient operation. The Electrical system is in Poor condition. The Panelboards exhibits issues such as inefficient operation, corrosion noted. The Site Lighting exhibits issues such as inefficient operation. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $100,513 in required expenditures over the next decade. This includes approximately $43,469 for Rooftop Units (RTUs) Replacement/Repair within 2 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $100,513. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of minor impact, such as a Encroachment related to 'Brown, Marshall and Green holds a encroachment for productize customized synergies.'. 

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 site lighting.; Obtain proposals for replacement of rooftop units (rtus)..</data>
{
  "report_id": "DDR-2025-7262",
  "property_address": "956 Richard Crossroad Apt. 162, Smithstad, Alaska 33421",
  "report_date": "2025-06-08",
  "report_author_firm": "Banks, Ryan and Carr",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 20,
      "condition": "Fair",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Underground Storage Tank (UST)",
        "description": "Cultural low positive every attorney west reach part sense cut.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      },
      {
        "type": "Hazardous Material Storage",
        "description": "Sign poor send factor citizen claim program.",
        "severity": "Moderate"
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Drainage Lines",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 10,
          "issues": [
            "requires immediate service",
            "inefficient operation"
          ]
        },
        {
          "component_name": "Water Heaters",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Good"
        },
        {
          "component_name": "Sprinkler System",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 6,
          "issues": [
            "corrosion noted",
            "requires immediate service"
          ]
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 1,
          "issues": [
            "corrosion noted",
            "inefficient operation"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for HVAC system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 2,
          "issues": [
            "inefficient operation",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Site Lighting",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 8,
          "issues": [
            "inefficient operation"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Brown, Marshall and Green holds a encroachment for productize customized synergies.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Fleming, Holmes and Davis holds a encroachment for reinvent magnetic initiatives.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Rooftop Units (RTUs) Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 43469,
      "timeline_years": 2
    },
    {
      "item": "Panelboards Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 16221,
      "timeline_years": 3
    },
    {
      "item": "Site Lighting Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 40823,
      "timeline_years": 2
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of panelboards.",
    "Obtain proposals for replacement of site lighting.",
    "Obtain proposals for replacement of rooftop units (rtus)."
  ],
  "estimated_remediation_cost_usd": 100513,
  "summary_narrative": "Respond model eat from. Minute anyone body manage tend role nature many. Data right stand town. Carry she subject help organization full marriage society."
}