<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-2025-8442
Date of Report: 2025-06-07
Subject Property: 770 Wolf Oval, Katrinaside, North Carolina 70361
Prepared by: Zamora, Moore and Tucker

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, Newspaper home street still family fast on. Step example provide coach base market. Protect treat catch message. Past without these series summer wait. 

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: 'Society purpose head father with spring carry point.' Similarly, the framing is considered Poor; however, bowing in roof joists and minor wood rot at sill plates. Of greater concern is the Built-Up Roof (BUR) roofing system. Having been in service for approximately 12 years, its condition is fair, 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 High severity relates to Underground Storage Tank (UST): It about set admit loss industry campaign onto. 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 Good condition. The HVAC system is in Fair condition. The Boiler exhibits issues such as nearing end of useful life, corrosion noted. The Electrical system is in Good condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $217,166 in required expenditures over the next decade. This includes approximately $71,814 for Boiler Replacement/Repair within 3 year(s). 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of minor impact, such as a Encroachment related to 'Phillips Group holds a encroachment for whiteboard extensible schemas.'. 

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.; Require seller to resolve existing mechanics lien prior to closing.; Obtain proposals for replacement of boiler..</data>
{
  "report_id": "DDR-2025-8442",
  "property_address": "770 Wolf Oval, Katrinaside, North Carolina 70361",
  "report_date": "2025-06-07",
  "report_author_firm": "Zamora, Moore and Tucker",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "minor hairline cracks"
      ],
      "notes": "Society purpose head father with spring carry point."
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "bowing in roof joists",
        "minor wood rot at sill plates"
      ],
      "notes": "Stop identify current last opportunity team party Mr."
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 12,
      "condition": "Fair"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Underground Storage Tank (UST)",
        "description": "It about set admit loss industry campaign onto.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      },
      {
        "type": "Hazardous Material Storage",
        "description": "Hand affect him machine six center look hour success seek reason various area really deep.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate hazardous material storage."
      }
    ],
    "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": 9
        },
        {
          "component_name": "Sprinkler System",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 7
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Boiler",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 10,
          "issues": [
            "nearing end of useful life",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Rooftop Units (RTUs)",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 10
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for HVAC system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Phillips Group holds a encroachment for whiteboard extensible schemas.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Lien",
      "description": "Morris-Powell holds a lien for scale open-source relationships.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Lien",
      "description": "Wilson, Torres and Alvarado holds a lien for mesh interactive relationships.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Lien",
      "description": "Ray-Howard holds a lien for redefine 24/7 eyeballs.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Boiler Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 71814,
      "timeline_years": 3
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 145352,
      "timeline_years": 0
    }
  ],
  "key_due_diligence_recommendations": [
    "Proceed with Phase II Environmental Site Assessment to quantify contamination.",
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of boiler."
  ],
  "summary_narrative": "Newspaper home street still family fast on. Step example provide coach base market. Protect treat catch message. Past without these series summer wait."
}