<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-2025-1091
Date of Report: 2025-06-20
Subject Property: 87944 Schultz Cliff, Millertown, Illinois 28568
Prepared by: Cox 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 significant risk profile, driven by several key factors across structural, environmental, and financial domains. The on-site property manager was cooperative during our walkthrough. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in fair state, with field notes indicating signs of differential settlement and spalling concrete. Specialist notes recommend: 'Away do hand action dream politics poor drive.' Similarly, the framing is considered Poor; however, evidence of past termite activity. Of greater concern is the Modified Bitumen 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 'RECs Identified'. Multiple Recognized Environmental Conditions (RECs) were documented. A notable REC of High severity relates to Historical Contamination: He although most century training tough when nearly international remember painting economic rate less thing. 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 Electrical system is in Good condition. The Plumbing system is in Poor condition. The Supply Pipes exhibits issues such as inefficient operation, corrosion noted. The Water Heaters exhibits issues such as nearing end of useful life, inefficient operation. The Fire Safety system is in Good condition. The Sprinkler System exhibits issues such as corrosion noted. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $115,968 in required expenditures over the next decade. This includes approximately $73,927 for Water Heaters Replacement/Repair within 2 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $115,968. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of minor impact, such as a Encroachment related to 'George, Simpson and King holds a encroachment for enhance holistic portals.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Obtain proposals for replacement of water heaters.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-1091",
  "property_address": "87944 Schultz Cliff, Millertown, Illinois 28568",
  "report_date": "2025-06-20",
  "report_author_firm": "Cox Inc",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "signs of differential settlement",
        "spalling concrete"
      ],
      "notes": "Away do hand action dream politics poor drive."
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "evidence of past termite activity"
      ]
    },
    "roofing": {
      "material": "Modified Bitumen",
      "age_years": 19,
      "condition": "Fair",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Historical Contamination",
        "description": "He although most century training tough when nearly international remember painting economic rate less thing.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Main Switchgear",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 6
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Supply Pipes",
          "condition": "Fair",
          "issues": [
            "inefficient operation",
            "corrosion noted"
          ]
        },
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "issues": [
            "nearing end of useful life",
            "inefficient operation"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 0,
          "issues": [
            "corrosion noted"
          ]
        },
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 5
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Encroachment",
      "description": "George, Simpson and King holds a encroachment for enhance holistic portals.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Howe-Leon holds a encroachment for maximize end-to-end partnerships.",
      "impact_assessment": "Significant"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 73927,
      "timeline_years": 2
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 42041,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Obtain proposals for replacement of water heaters.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "estimated_remediation_cost_usd": 115968
}