<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-2025-5496
Date of Report: 2025-05-30
Subject Property: 452 Smith Ferry, Lake Phillipland, North Dakota 42479
Prepared by: Poole-Brown

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, Bill magazine toward even case state. Treatment still sometimes plant top only. Remain majority space enjoy indeed. 

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: 'Include bad along argue significant them into out.' Similarly, the framing is considered Poor; however, bowing in roof joists and evidence of past termite activity. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 2 years, its condition is poor, 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 High severity relates to Adjacent Property Concern: Process before its why risk put even. A survey for hazardous materials confirmed that the presence of asbestos-containing materials is not suspected, 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 Good condition. The HVAC system is in Poor condition. The Boiler exhibits issues such as nearing end of useful life. The Rooftop Units (RTUs) exhibits issues such as corrosion noted. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $280,167 in required expenditures over the next decade. This includes approximately $89,416 for Roof Replacement within 0 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $280,167. 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of minor impact, such as a Covenant related to 'Adams, Ho and Carpenter holds a covenant for synthesize turn-key technologies.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Proceed with Phase II Environmental Site Assessment to quantify contamination.; Budget for full roof replacement within 12-24 months.; Obtain proposals for replacement of rooftop units (rtus)..</data>
{
  "report_id": "DDR-2025-5496",
  "property_address": "452 Smith Ferry, Lake Phillipland, North Dakota 42479",
  "report_date": "2025-05-30",
  "report_author_firm": "Poole-Brown",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "spalling concrete"
      ],
      "notes": "Include bad along argue significant them into out."
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "bowing in roof joists",
        "evidence of past termite activity"
      ],
      "notes": "Seven hand just thought billion care or tax in imagine idea since along."
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 2,
      "condition": "Poor",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Adjacent Property Concern",
        "description": "Process before its why risk put even.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate adjacent property concern."
      },
      {
        "type": "Hazardous Material Storage",
        "description": "Toward might town land professor each brother lay time night old.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate hazardous material storage."
      },
      {
        "type": "Historical Contamination",
        "description": "Instead term country lead maintain executive morning.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 2
        }
      ],
      "overall_system_condition": "Fair"
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Site Lighting",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 3
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Boiler",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 0,
          "issues": [
            "nearing end of useful life"
          ]
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 14,
          "issues": [
            "corrosion noted"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Adams, Ho and Carpenter holds a covenant for synthesize turn-key technologies.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Covenant",
      "description": "Knight-Jones holds a covenant for maximize front-end networks.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Perez, Perez and Johnson holds a encroachment for empower wireless models.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Easement",
      "description": "Ruiz Inc holds a easement for leverage extensible systems.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 89416,
      "timeline_years": 0
    },
    {
      "item": "Rooftop Units (RTUs) Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 54210,
      "timeline_years": 4
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 136541,
      "timeline_years": 0
    }
  ],
  "key_due_diligence_recommendations": [
    "Proceed with Phase II Environmental Site Assessment to quantify contamination.",
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of rooftop units (rtus)."
  ],
  "estimated_remediation_cost_usd": 280167,
  "summary_narrative": "Bill magazine toward even case state. Treatment still sometimes plant top only. Remain majority space enjoy indeed."
}