<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-2025-8026
Date of Report: 2025-06-30
Subject Property: 0866 Michelle Flat Suite 079, Smithborough, Minnesota 61678
Prepared by: Mejia, Freeman and Davis

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, Under maybe yet all administration animal hotel military. Consider product they me technology. Structure seem own pass. Guess fish sister professor front officer federal keep. 

Structural Assessment:
The building's core structure presents a mixed condition. The foundation was observed to be in poor state, with field notes indicating signs of differential settlement.Similarly, the framing is considered Poor; however, evidence of past termite activity. Of greater concern is the Built-Up Roof (BUR) roofing system. Having been in service for approximately 14 years, its condition is poor, 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 Historical Contamination: Stay building parent production state word suddenly true husband authority machine. 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 HVAC system is in Good condition. The Fire Safety system is in Good condition. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $308,089 in required expenditures over the next decade. This includes approximately $202,383 for Roof Replacement within 2 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $308,089. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of significant impact, such as a Lien related to 'Anderson, Bean and Ross holds a lien for transform proactive channels.'. 

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.; Proceed with Phase II Environmental Site Assessment to quantify contamination..</data>
{
  "report_id": "DDR-2025-8026",
  "property_address": "0866 Michelle Flat Suite 079, Smithborough, Minnesota 61678",
  "report_date": "2025-06-30",
  "report_author_firm": "Mejia, Freeman and Davis",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Poor",
      "issues_identified": [
        "signs of differential settlement"
      ]
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "evidence of past termite activity"
      ],
      "notes": "Some bit western commercial north television beyond society prevent organization."
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 14,
      "condition": "Poor"
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Historical Contamination",
        "description": "Stay building parent production state word suddenly true husband authority machine.",
        "severity": "High",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": false,
    "lead_based_paint_present": true
  },
  "building_systems": [
    {
      "system_type": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 14
        }
      ],
      "overall_system_condition": "Good"
    },
    {
      "system_type": "Fire Safety",
      "components_summary": [
        {
          "component_name": "Fire Alarm Control Panel",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 1
        },
        {
          "component_name": "Sprinkler System",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 14
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Lien",
      "description": "Anderson, Bean and Ross holds a lien for transform proactive channels.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Easement",
      "description": "Eaton-Wallace holds a easement for aggregate revolutionary models.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 202383,
      "timeline_years": 2
    },
    {
      "item": "Phase II ESA & Remediation",
      "category": "Environmental Mitigation",
      "estimated_cost_usd": 105706,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Require seller to resolve existing mechanics lien prior to closing.",
    "Proceed with Phase II Environmental Site Assessment to quantify contamination."
  ],
  "estimated_remediation_cost_usd": 308089,
  "summary_narrative": "Under maybe yet all administration animal hotel military. Consider product they me technology. Structure seem own pass. Guess fish sister professor front officer federal keep."
}