<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-2025-9501
Date of Report: 2025-06-15
Subject Property: 268 Karl Village Suite 065, Michelleborough, Massachusetts 79738
Prepared by: Williams Inc

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, Sister idea will special Republican remain us just. Last behind language without. Election large forget artist lot. Grow wind example say arrive modern chance reflect. 

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.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 22 years, its condition is poor, and it will require monitoring. 

Environmental Findings:
The Phase I Environmental Site Assessment (ESA) concluded with a status of 'No RECs Identified'. 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 Fair condition. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as requires immediate service, inefficient operation. The Drainage Lines exhibits issues such as requires immediate service, nearing end of useful life. The Electrical system is in Poor condition. The Panelboards exhibits issues such as nearing end of useful life. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $170,466 in required expenditures over the next decade. This includes approximately $119,771 for Roof Replacement within 1 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $170,466. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of significant impact, such as a Easement related to 'Butler, Davis and Carter holds a easement for evolve world-class initiatives.'. 

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.; Budget for full roof replacement within 12-24 months.; Obtain proposals for replacement of drainage lines.; Obtain proposals for replacement of water heaters..</data>
{
  "report_id": "DDR-2025-9501",
  "property_address": "268 Karl Village Suite 065, Michelleborough, Massachusetts 79738",
  "report_date": "2025-06-15",
  "report_author_firm": "Williams Inc",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "minor hairline cracks"
      ]
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 22,
      "condition": "Poor"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "No RECs Identified",
    "recognized_environmental_conditions": [],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 3
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 3,
          "issues": [
            "requires immediate service",
            "inefficient operation"
          ]
        },
        {
          "component_name": "Drainage Lines",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 5,
          "issues": [
            "requires immediate service",
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Fair",
          "issues": [
            "nearing end of useful life"
          ]
        },
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 13
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Easement",
      "description": "Butler, Davis and Carter holds a easement for evolve world-class initiatives.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Lien",
      "description": "Reid Group holds a lien for brand plug-and-play vortals.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 119771,
      "timeline_years": 1
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 26502,
      "timeline_years": 1
    },
    {
      "item": "Drainage Lines Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 24193,
      "timeline_years": 3
    }
  ],
  "key_due_diligence_recommendations": [
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of drainage lines.",
    "Obtain proposals for replacement of water heaters."
  ],
  "estimated_remediation_cost_usd": 170466,
  "summary_narrative": "Sister idea will special Republican remain us just. Last behind language without. Election large forget artist lot. Grow wind example say arrive modern chance reflect."
}