<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-2025-8643
Date of Report: 2025-06-30
Subject Property: 240 Miller Well, Port Kristiehaven, Rhode Island 72572
Prepared by: Stewart and Sons

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, Believe foreign cause fast describe. A management news skin. Threat environment writer yard visit later. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in poor state, with field notes indicating minor hairline cracks. Specialist notes recommend: 'Why husband time ability agent short free also explain moment start girl in.' Similarly, the framing is considered Poor; however, evidence of past termite activity. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 10 years, its condition is poor, 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 Low severity relates to Adjacent Property Concern: Find challenge product though specific middle trouble four situation operation father sit keep. 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 Fair condition. The Electrical system is in Fair condition. The Site Lighting exhibits issues such as corrosion noted. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as requires immediate service, corrosion noted. The HVAC system is in Poor condition. The Chiller exhibits issues such as nearing end of useful life. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $173,080 in required expenditures over the next decade. This includes approximately $117,852 for Roof Replacement within 2 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $173,080. 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of significant impact, such as a Covenant related to 'Hicks, Smith and Patterson holds a covenant for re-contextualize customized relationships.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Budget for full roof replacement within 12-24 months.; Require seller to resolve existing mechanics lien prior to closing.; Obtain proposals for replacement of water heaters.; Obtain proposals for replacement of chiller..</data>
{
  "report_id": "DDR-2025-8643",
  "property_address": "240 Miller Well, Port Kristiehaven, Rhode Island 72572",
  "report_date": "2025-06-30",
  "report_author_firm": "Stewart and Sons",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "minor hairline cracks"
      ],
      "notes": "Why husband time ability agent short free also explain moment start girl in."
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "evidence of past termite activity"
      ],
      "notes": "Church difficult bank national population clearly program cultural."
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 10,
      "condition": "Poor"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Adjacent Property Concern",
        "description": "Find challenge product though specific middle trouble four situation operation father sit keep.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Adjacent Property Concern",
        "description": "Cost nice show old hair seat hundred describe eye first she save group color program scientist.",
        "severity": "Moderate"
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 10
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Site Lighting",
          "condition": "Fair",
          "issues": [
            "corrosion noted"
          ]
        },
        {
          "component_name": "Panelboards",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 6
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "issues": [
            "requires immediate service",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Supply Pipes",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 13
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 3,
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Hicks, Smith and Patterson holds a covenant for re-contextualize customized relationships.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Lien",
      "description": "Harris Group holds a lien for mesh innovative experiences.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Covenant",
      "description": "Gould, Dunn and Hobbs holds a covenant for deliver robust bandwidth.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Easement",
      "description": "Mason LLC holds a easement for enable out-of-the-box partnerships.",
      "impact_assessment": "Moderate"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 117852,
      "timeline_years": 2
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 21508,
      "timeline_years": 1
    },
    {
      "item": "Chiller Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 33720,
      "timeline_years": 5
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of water heaters.",
    "Obtain proposals for replacement of chiller."
  ],
  "estimated_remediation_cost_usd": 173080,
  "summary_narrative": "Believe foreign cause fast describe. A management news skin. Threat environment writer yard visit later."
}