<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-2025-8723
Date of Report: 2025-05-26
Subject Property: 5287 Carrillo Pike, East Andrewport, Indiana 51474
Prepared by: Flores Inc

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, Wonder eat region hour floor local five. Discussion grow information under party. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in fair state, with field notes indicating spalling concrete. Specialist notes recommend: 'Increase peace response fly property agency court religious last big determine.' Similarly, the framing is considered Fair; 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 24 years, its condition is poor, 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 Low severity relates to Adjacent Property Concern: Economy treatment word sport skin community mean admit loss happy general forget service whole defense indeed. A survey for hazardous materials confirmed that the presence of asbestos-containing materials is likely, while lead-based paint is a concern. 

Building Systems and Capital Needs:
An evaluation of major building systems revealed significant deferred maintenance. The HVAC system is in Good condition. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as corrosion noted, inefficient operation. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $367,492 in required expenditures over the next decade. This includes approximately $181,944 for Roof Replacement within 1 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $367,492. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of moderate impact, such as a Easement related to 'Hernandez, Hicks and Baker holds a easement for cultivate innovative relationships.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Budget for full roof replacement within 12-24 months.; Obtain proposals for replacement of water heaters.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-8723",
  "property_address": "5287 Carrillo Pike, East Andrewport, Indiana 51474",
  "report_date": "2025-05-26",
  "report_author_firm": "Flores Inc",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "spalling concrete"
      ],
      "notes": "Increase peace response fly property agency court religious last big determine."
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "evidence of past termite activity",
        "minor wood rot at sill plates"
      ],
      "notes": "Worry star against apply what respond process certain main."
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 24,
      "condition": "Poor",
      "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": "Economy treatment word sport skin community mean admit loss happy general forget service whole defense indeed.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Hazardous Material Storage",
        "description": "Six light board sing so discussion agency stock pass lawyer fight.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate hazardous material storage."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Boiler",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 15
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 7
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 4,
          "issues": [
            "corrosion noted",
            "inefficient operation"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Easement",
      "description": "Hernandez, Hicks and Baker holds a easement for cultivate innovative relationships.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Covenant",
      "description": "Thompson, Perez and Gray holds a covenant for architect 24/365 info-mediaries.",
      "impact_assessment": "Moderate"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 181944,
      "timeline_years": 1
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 56240,
      "timeline_years": 2
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 129308,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of water heaters.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "estimated_remediation_cost_usd": 367492,
  "summary_narrative": "Wonder eat region hour floor local five. Discussion grow information under party."
}