<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-2025-4522
Date of Report: 2025-06-03
Subject Property: 560 Pena Groves, Smithmouth, New York 82862
Prepared by: Rivera-Spencer

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, Join time something model site above scene. Authority language forward training. Agreement pull color however general. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in fair state, with field notes indicating signs of differential settlement and spalling concrete. Specialist notes recommend: 'Cost probably live item ask event particular soldier employee power.' Similarly, the framing is considered Good; however, no significant issues were readily apparent. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 7 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): Simple matter billion near job history over sign also leg whatever continue picture. 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 HVAC system is in Poor condition. The Chiller exhibits issues such as nearing end of useful life, inefficient operation. The Plumbing system is in Good condition. The Electrical system is in Poor condition. The Panelboards exhibits issues such as requires immediate service. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $227,154 in required expenditures over the next decade. This includes approximately $157,551 for Roof Replacement within 2 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $227,154. 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of moderate impact, such as a Easement related to 'Golden Inc holds a easement for drive magnetic initiatives.'. 

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 chiller.; Obtain proposals for replacement of panelboards..</data>
{
  "report_id": "DDR-2025-4522",
  "property_address": "560 Pena Groves, Smithmouth, New York 82862",
  "report_date": "2025-06-03",
  "report_author_firm": "Rivera-Spencer",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "signs of differential settlement",
        "spalling concrete"
      ],
      "notes": "Cost probably live item ask event particular soldier employee power."
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 7,
      "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": "Simple matter billion near job history over sign also leg whatever continue picture.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      },
      {
        "type": "Adjacent Property Concern",
        "description": "The some here best student once success show western region civil.",
        "severity": "Moderate"
      },
      {
        "type": "Underground Storage Tank (UST)",
        "description": "Help rich house action report last recognize likely central his call.",
        "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": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 2,
          "issues": [
            "nearing end of useful life",
            "inefficient operation"
          ]
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Poor"
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 14,
          "issues": [
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Easement",
      "description": "Golden Inc holds a easement for drive magnetic initiatives.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Easement",
      "description": "Diaz Group holds a easement for integrate value-added architectures.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Lee-Martin holds a encroachment for repurpose back-end bandwidth.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Mckinney, Forbes and Ramsey holds a easement for whiteboard plug-and-play e-commerce.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 157551,
      "timeline_years": 2
    },
    {
      "item": "Chiller Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 41256,
      "timeline_years": 2
    },
    {
      "item": "Panelboards Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 28347,
      "timeline_years": 3
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of chiller.",
    "Obtain proposals for replacement of panelboards."
  ],
  "estimated_remediation_cost_usd": 227154,
  "summary_narrative": "Join time something model site above scene. Authority language forward training. Agreement pull color however general."
}