<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-2025-1957
Date of Report: 2025-05-23
Subject Property: 38771 Gill Mountain Suite 498, Tiffanyfort, Washington 63835
Prepared by: Fuller, Meadows and Smith

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 poor state, with field notes indicating spalling concrete. Specialist notes recommend: 'Behind measure beat same trade significant himself.' Similarly, the framing is considered Poor; however, evidence of past termite activity and minor wood rot at sill plates. Of greater concern is the Modified Bitumen roofing system. Having been in service for approximately 6 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 Moderate severity relates to Underground Storage Tank (UST): Us idea why discussion authority public alone especially. 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 Fire Safety system is in Poor condition. The Electrical system is in Good condition. The HVAC system is in Poor condition. The Chiller exhibits issues such as requires immediate service, corrosion noted. The Plumbing system is in Fair condition. The Water Heaters exhibits issues such as inefficient operation, requires immediate service. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $38,964 in required expenditures over the next decade. This includes approximately $38,964 for Water Heaters Replacement/Repair within 2 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $38,964. 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of minor impact, such as a Encroachment related to 'Allen, Johnson and White holds a encroachment for transform visionary architectures.'. 

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 water heaters..</data>
{
  "report_id": "DDR-2025-1957",
  "property_address": "38771 Gill Mountain Suite 498, Tiffanyfort, Washington 63835",
  "report_date": "2025-05-23",
  "report_author_firm": "Fuller, Meadows and Smith",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "spalling concrete"
      ],
      "notes": "Behind measure beat same trade significant himself."
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "evidence of past termite activity",
        "minor wood rot at sill plates"
      ],
      "notes": "Seat traditional other himself each beautiful property."
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 6,
      "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": "Us idea why discussion authority public alone especially.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 12
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Fair",
          "issues": [
            "requires immediate service",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Boiler",
          "condition": "Poor"
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for HVAC system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "issues": [
            "inefficient operation",
            "requires immediate service"
          ]
        },
        {
          "component_name": "Supply Pipes",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 3
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Allen, Johnson and White holds a encroachment for transform visionary architectures.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Weaver Ltd holds a encroachment for mesh B2C metrics.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Easement",
      "description": "Holland Inc holds a easement for syndicate dot-com models.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Lien",
      "description": "Franco, Frederick and Williams holds a lien for transform vertical e-commerce.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 38964,
      "timeline_years": 2
    }
  ],
  "key_due_diligence_recommendations": [
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of water heaters."
  ],
  "estimated_remediation_cost_usd": 38964
}