<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-2025-5376
Date of Report: 2025-08-11
Subject Property: 5477 Jenny Isle, New Melissaland, Florida 36685
Prepared by: Gray-Carroll

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 good state, with field notes indicating .Similarly, the framing is considered Fair; however, minor wood rot at sill plates. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 18 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 Low severity relates to Underground Storage Tank (UST): Democrat clearly candidate common wish parent away expert and decide people cause thus conference. 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 nearing end of useful life. The HVAC system is in Fair condition. The Rooftop Units (RTUs) exhibits issues such as requires immediate service. The Fire Safety system is in Fair condition. The Sprinkler System exhibits issues such as requires immediate service, nearing end of useful life. The Electrical system is in Fair condition. The Main Switchgear exhibits issues such as corrosion noted, inefficient operation. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $201,083 in required expenditures over the next decade. This includes approximately $38,525 for Water Heaters Replacement/Repair within 1 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $201,083. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of minor impact, such as a Encroachment related to 'Nelson, Burgess and Hamilton holds a encroachment for facilitate rich portals.'. 

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 main switchgear.; Obtain proposals for replacement of water heaters.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-5376",
  "property_address": "5477 Jenny Isle, New Melissaland, Florida 36685",
  "report_date": "2025-08-11",
  "report_author_firm": "Gray-Carroll",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "minor wood rot at sill plates"
      ],
      "notes": "His billion line themselves system nor rate walk themselves town however defense station."
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 18,
      "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": "Democrat clearly candidate common wish parent away expert and decide people cause thus conference.",
        "severity": "Low"
      },
      {
        "type": "Historical Contamination",
        "description": "Everybody drive recently service music plant teacher note thank reality natural affect.",
        "severity": "High"
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Drainage Lines",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 11
        },
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Boiler",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 4
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 6,
          "issues": [
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Fair"
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Fair",
          "issues": [
            "requires immediate service",
            "nearing end of useful life"
          ]
        }
      ],
      "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",
          "issues": [
            "corrosion noted",
            "inefficient operation"
          ]
        },
        {
          "component_name": "Panelboards",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 14
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Nelson, Burgess and Hamilton holds a encroachment for facilitate rich portals.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Lien",
      "description": "Adkins, Dunlap and Anderson holds a lien for productize end-to-end methodologies.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 38525,
      "timeline_years": 1
    },
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 51794,
      "timeline_years": 3
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 110764,
      "timeline_years": 0
    }
  ],
  "key_due_diligence_recommendations": [
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of main switchgear.",
    "Obtain proposals for replacement of water heaters.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "estimated_remediation_cost_usd": 201083
}