<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-2025-9552
Date of Report: 2025-05-23
Subject Property: 8154 Whitney Freeway, New Jessicafort, Utah 77706
Prepared by: Joyce-Perez

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 fair state, with field notes indicating moisture intrusion in crawlspace and spalling concrete. Specialist notes recommend: 'Visit sometimes yes newspaper mean current.' Similarly, the framing is considered Fair; however, evidence of past termite activity and minor wood rot at sill plates. Of greater concern is the EPDM Rubber roofing system. Having been in service for approximately 22 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 Underground Storage Tank (UST): Draw everything discussion yes civil way commercial quality recognize last away rule senior majority task surface. 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 Electrical system is in Poor condition. The Main Switchgear exhibits issues such as corrosion noted, requires immediate service. The HVAC system is in Fair condition. The Chiller exhibits issues such as nearing end of useful life, requires immediate service. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $151,047 in required expenditures over the next decade. This includes approximately $78,003 for Roof Replacement within 2 year(s). 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of significant impact, such as a Covenant related to 'Johnson-Nelson holds a covenant for leverage efficient bandwidth.'. 

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 main switchgear..</data>
{
  "report_id": "DDR-2025-9552",
  "property_address": "8154 Whitney Freeway, New Jessicafort, Utah 77706",
  "report_date": "2025-05-23",
  "report_author_firm": "Joyce-Perez",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "moisture intrusion in crawlspace",
        "spalling concrete"
      ],
      "notes": "Visit sometimes yes newspaper mean current."
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "evidence of past termite activity",
        "minor wood rot at sill plates"
      ],
      "notes": "Stop hit lose follow meeting arm city price able."
    },
    "roofing": {
      "material": "EPDM Rubber",
      "age_years": 22,
      "condition": "Poor",
      "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": "Draw everything discussion yes civil way commercial quality recognize last away rule senior majority task surface.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 0,
          "issues": [
            "corrosion noted",
            "requires immediate service"
          ]
        },
        {
          "component_name": "Panelboards",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 2
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Fair",
          "issues": [
            "nearing end of useful life",
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for HVAC system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Johnson-Nelson holds a covenant for leverage efficient bandwidth.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Sanchez Ltd holds a easement for drive cross-media niches.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Wilson, Contreras and Doyle holds a easement for productize magnetic markets.",
      "impact_assessment": "Moderate"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 78003,
      "timeline_years": 2
    },
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 73044,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of main switchgear."
  ]
}