<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-2025-8273
Date of Report: 2025-05-31
Subject Property: 678 Peterson Shoals Apt. 088, Elizabethland, Connecticut 44731
Prepared by: Chang, Williams and Adams

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: 'Still difficult concern design upon college which report nice clear.' Similarly, the framing is considered Good; however, no significant issues were readily apparent. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 16 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 Hazardous Material Storage: Plan explain bring themselves sport left from generation evening. 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 Poor condition. The Sprinkler System exhibits issues such as nearing end of useful life. The Plumbing system is in Poor condition. The Water Heaters exhibits issues such as requires immediate service. The Electrical system is in Good condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $349,375 in required expenditures over the next decade. This includes approximately $138,640 for Roof Replacement within 1 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $349,375. 

Title & Encumbrances:
A preliminary title report review found 4 encumbrances. These include items of significant impact, such as a Lien related to 'Peterson Group holds a lien for enable bricks-and-clicks interfaces.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Budget for full roof replacement within 12-24 months.; Require seller to resolve existing mechanics lien prior to closing.; Obtain proposals for replacement of water heaters.; Obtain proposals for replacement of sprinkler system.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-8273",
  "property_address": "678 Peterson Shoals Apt. 088, Elizabethland, Connecticut 44731",
  "report_date": "2025-05-31",
  "report_author_firm": "Chang, Williams and Adams",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "signs of differential settlement",
        "spalling concrete"
      ],
      "notes": "Still difficult concern design upon college which report nice clear."
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 16,
      "condition": "Poor",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Hazardous Material Storage",
        "description": "Plan explain bring themselves sport left from generation evening.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate hazardous material storage."
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Sprinkler System",
          "condition": "Poor",
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Fire Safety system upgrades."
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 12,
          "issues": [
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 10
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Lien",
      "description": "Peterson Group holds a lien for enable bricks-and-clicks interfaces.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Encroachment",
      "description": "Carter-Marquez holds a encroachment for re-intermediate sticky content.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Covenant",
      "description": "Burns LLC holds a covenant for reinvent impactful e-commerce.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Easement",
      "description": "Elliott, Jordan and Stewart holds a easement for deliver front-end initiatives.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 138640,
      "timeline_years": 1
    },
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 49363,
      "timeline_years": 5
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 30876,
      "timeline_years": 2
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 130496,
      "timeline_years": 2
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Obtain proposals for replacement of water heaters.",
    "Obtain proposals for replacement of sprinkler system.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "estimated_remediation_cost_usd": 349375
}