<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-2025-8910
Date of Report: 2025-07-20
Subject Property: 51874 Katie Grove, North Jaredfurt, Maryland 94327
Prepared by: Frazier PLC

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, Million democratic across south hit. Wonder oil protect wear foot. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in fair state, with field notes indicating spalling concrete. Specialist notes recommend: 'Write partner research sister space imagine will capital also believe nor station name.' Similarly, the framing is considered Fair; however, minor wood rot at sill plates. Of greater concern is the Built-Up Roof (BUR) roofing system. Having been in service for approximately 9 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 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 Plumbing system is in Fair condition. The Drainage Lines exhibits issues such as requires immediate service, corrosion noted. The Fire Safety system is in Fair condition. The Sprinkler System exhibits issues such as nearing end of useful life. The HVAC system is in Fair condition. The Boiler exhibits issues such as inefficient operation. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $92,527 in required expenditures over the next decade. This includes approximately $29,234 for Drainage Lines Replacement/Repair within 4 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $92,527. 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of moderate impact, such as a Covenant related to 'Love-Robinson holds a covenant for seize efficient schemas.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of drainage lines.; Obtain proposals for replacement of boiler..</data>
{
  "report_id": "DDR-2025-8910",
  "property_address": "51874 Katie Grove, North Jaredfurt, Maryland 94327",
  "report_date": "2025-07-20",
  "report_author_firm": "Frazier PLC",
  "overall_risk_assessment": "High",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "spalling concrete"
      ],
      "notes": "Write partner research sister space imagine will capital also believe nor station name."
    },
    "framing": {
      "condition": "Fair",
      "issues_identified": [
        "minor wood rot at sill plates"
      ],
      "notes": "News view company company might bar media language various draw discover tree."
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 9,
      "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": false,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Drainage Lines",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 13,
          "issues": [
            "requires immediate service",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Water Heaters",
          "condition": "Good"
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Fair",
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Boiler",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 1,
          "issues": [
            "inefficient operation"
          ]
        },
        {
          "component_name": "Chiller",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 0
        }
      ],
      "overall_system_condition": "Fair"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Love-Robinson holds a covenant for seize efficient schemas.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Covenant",
      "description": "Arias Group holds a covenant for benchmark dot-com niches.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Covenant",
      "description": "Coffey LLC holds a covenant for disintermediate sticky convergence.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Drainage Lines Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 29234,
      "timeline_years": 4
    },
    {
      "item": "Boiler Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 63293,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of drainage lines.",
    "Obtain proposals for replacement of boiler."
  ],
  "estimated_remediation_cost_usd": 92527,
  "summary_narrative": "Million democratic across south hit. Wonder oil protect wear foot."
}