<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-2025-5564
Date of Report: 2025-08-12
Subject Property: 2641 Pierce Center Suite 638, Lake Kevinshire, Montana 57923
Prepared by: Hodge 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 high risk profile, driven by several key factors across structural, environmental, and financial domains. The on-site property manager was cooperative during our walkthrough. Overall, Conference pretty reduce clearly politics protect. Treatment fill three investment argue attorney economic. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in good state, with field notes indicating .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 19 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 'No RECs Identified'. A survey for hazardous materials confirmed that the presence of asbestos-containing materials is likely, 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 Fire Alarm Control Panel exhibits issues such as corrosion noted. The Sprinkler System exhibits issues such as inefficient operation, nearing end of useful life. The Electrical system is in Poor condition. The Main Switchgear exhibits issues such as nearing end of useful life, corrosion noted. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as nearing end of useful life. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $118,454 in required expenditures over the next decade. This includes approximately $47,103 for Main Switchgear Replacement/Repair within 3 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $118,454. 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of minor impact, such as a Encroachment related to 'Long-Mcgee holds a encroachment for cultivate mission-critical communities.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of main switchgear.; Obtain proposals for replacement of water heaters..</data>
{
  "report_id": "DDR-2025-5564",
  "property_address": "2641 Pierce Center Suite 638, Lake Kevinshire, Montana 57923",
  "report_date": "2025-08-12",
  "report_author_firm": "Hodge Inc",
  "overall_risk_assessment": "High",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "evidence of past termite activity"
      ],
      "notes": "Anything green another whose fund measure grow represent chair."
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 19,
      "condition": "Fair",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "No RECs Identified",
    "recognized_environmental_conditions": [],
    "asbestos_containing_materials_present": true,
    "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": 9,
          "issues": [
            "corrosion noted"
          ]
        },
        {
          "component_name": "Sprinkler System",
          "condition": "Fair",
          "issues": [
            "inefficient operation",
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 15
        },
        {
          "component_name": "Main Switchgear",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 0,
          "issues": [
            "nearing end of useful life",
            "corrosion noted"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Drainage Lines",
          "condition": "Fair"
        },
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 2,
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "Long-Mcgee holds a encroachment for cultivate mission-critical communities.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Covenant",
      "description": "Mcguire-Frederick holds a covenant for engage wireless functionalities.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Covenant",
      "description": "Martinez-Miller holds a covenant for revolutionize web-enabled applications.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Main Switchgear Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 47103,
      "timeline_years": 3
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 71351,
      "timeline_years": 5
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of main switchgear.",
    "Obtain proposals for replacement of water heaters."
  ],
  "estimated_remediation_cost_usd": 118454,
  "summary_narrative": "Conference pretty reduce clearly politics protect. Treatment fill three investment argue attorney economic."
}