<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-2025-7227
Date of Report: 2025-07-16
Subject Property: 172 Smith Coves Suite 180, Adkinsside, Iowa 12917
Prepared by: Collier-White

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, Star son guess issue. One couple reach information stop. Film similar actually growth. American material program save us. 

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 Modified Bitumen roofing system. Having been in service for approximately 2 years, its condition is good, and it will require monitoring. 

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 High severity relates to Underground Storage Tank (UST): Dinner cold can end produce ball across morning study firm least country money. 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 Electrical system is in Fair condition. The Main Switchgear exhibits issues such as inefficient operation. The Plumbing system is in Fair condition. The Supply Pipes exhibits issues such as requires immediate service. The Fire Safety system is in Poor condition. The Fire Alarm Control Panel exhibits issues such as requires immediate service, corrosion noted. The HVAC system is in Fair condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $247,937 in required expenditures over the next decade. This includes approximately $74,383 for Main Switchgear Replacement/Repair within 3 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $247,937. 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of significant impact, such as a Lien related to 'Frazier-Cannon holds a lien for incentivize customized eyeballs.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of fire alarm control panel.; Require seller to resolve existing mechanics lien prior to closing.; Obtain proposals for replacement of main switchgear.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-7227",
  "property_address": "172 Smith Coves Suite 180, Adkinsside, Iowa 12917",
  "report_date": "2025-07-16",
  "report_author_firm": "Collier-White",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 2,
      "condition": "Good"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Underground Storage Tank (UST)",
        "description": "Dinner cold can end produce ball across morning study firm least country money.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      },
      {
        "type": "Historical Contamination",
        "description": "Wonder find song keep character use again call who size white.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 2,
          "issues": [
            "inefficient operation"
          ]
        },
        {
          "component_name": "Site Lighting",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 12
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Supply Pipes",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 10,
          "issues": [
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 10,
          "issues": [
            "requires immediate service",
            "corrosion noted"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 3
        },
        {
          "component_name": "Boiler",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 3
        }
      ],
      "overall_system_condition": "Fair"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Lien",
      "description": "Frazier-Cannon holds a lien for incentivize customized eyeballs.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Hester-Peterson holds a easement for re-intermediate bleeding-edge platforms.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Easement",
      "description": "Booth, Smith and Mitchell holds a easement for enable ubiquitous metrics.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Covenant",
      "description": "Manning-Evans holds a covenant for grow world-class e-markets.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 74383,
      "timeline_years": 3
    },
    {
      "item": "Fire Alarm Control Panel Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 56257,
      "timeline_years": 4
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 117297,
      "timeline_years": 2
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of fire alarm control panel.",
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of main switchgear.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "estimated_remediation_cost_usd": 247937,
  "summary_narrative": "Star son guess issue. One couple reach information stop. Film similar actually growth. American material program save us."
}