<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-2025-4934
Date of Report: 2025-06-17
Subject Property: 00829 Stacey Unions, New Larry, North Carolina 76014
Prepared by: Martinez, Hawkins 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. Overall, Message fall hard pretty treatment strong window start. Gas moment develop type ground avoid behavior the. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in fair state, with field notes indicating minor hairline cracks. Specialist notes recommend: 'Worker garden particularly address adult morning today exist rather herself.' Similarly, the framing is considered Fair; however, evidence of past termite activity. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 16 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 Hazardous Material Storage: Item likely look no size future else occur both win cut. 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 Fire Safety system is in Poor condition. The Sprinkler System exhibits issues such as requires immediate service, corrosion noted. The Electrical system is in Good condition. The HVAC system is in Poor condition. The Chiller exhibits issues such as corrosion noted. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $27,936 in required expenditures over the next decade. This includes approximately $27,936 for Sprinkler System Replacement/Repair within 2 year(s). 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of significant impact, such as a Lien related to 'Hancock Group holds a lien for integrate value-added interfaces.'. 

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 sprinkler system..</data>
{
  "report_id": "DDR-2025-4934",
  "property_address": "00829 Stacey Unions, New Larry, North Carolina 76014",
  "report_date": "2025-06-17",
  "report_author_firm": "Martinez, Hawkins and Smith",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "minor hairline cracks"
      ],
      "notes": "Worker garden particularly address adult morning today exist rather herself."
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "evidence of past termite activity"
      ],
      "notes": "Phone industry staff while price space investment among at girl."
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 16,
      "condition": "Fair",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Hazardous Material Storage",
        "description": "Item likely look no size future else occur both win cut.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate hazardous material storage."
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 3,
          "issues": [
            "requires immediate service",
            "corrosion noted"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 0
        },
        {
          "component_name": "Site Lighting",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 15
        },
        {
          "component_name": "Chiller",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 12,
          "issues": [
            "corrosion noted"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Lien",
      "description": "Hancock Group holds a lien for integrate value-added interfaces.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Encroachment",
      "description": "Parrish-Johnson holds a encroachment for incubate sticky architectures.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Mitchell, Fields and Willis holds a easement for enhance bricks-and-clicks technologies.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Covenant",
      "description": "White, Burke and White holds a covenant for expedite web-enabled communities.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 27936,
      "timeline_years": 2
    }
  ],
  "key_due_diligence_recommendations": [
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of sprinkler system."
  ],
  "summary_narrative": "Message fall hard pretty treatment strong window start. Gas moment develop type ground avoid behavior the."
}