<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-2025-3367
Date of Report: 2025-05-29
Subject Property: 55370 Angela Motorway, Orrchester, Alabama 44309
Prepared by: Myers-Pace

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.Similarly, the framing is considered Good; however, no significant issues were readily apparent. Of greater concern is the Built-Up Roof (BUR) roofing system. Having been in service for approximately 27 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 Moderate severity relates to Underground Storage Tank (UST): Consider dog than long record put surface effect light imagine hold building son describe car pull. 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 Plumbing system is in Poor condition. The Supply Pipes exhibits issues such as corrosion noted, requires immediate service. The Electrical system is in Fair condition. The Panelboards exhibits issues such as requires immediate service, nearing end of useful life. The Site Lighting exhibits issues such as nearing end of useful life. The Fire Safety system is in Poor condition. The Sprinkler System exhibits issues such as nearing end of useful life. The HVAC system is in Good condition. The Boiler exhibits issues such as nearing end of useful life, requires immediate service. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $249,944 in required expenditures over the next decade. This includes approximately $165,759 for Roof Replacement within 0 year(s). Immediate and environmental remediation costs are preliminarily budgeted at $249,944. 

Title & Encumbrances:
A preliminary title report review found 2 encumbrances. These include items of moderate impact, such as a Covenant related to 'Barnes LLC holds a covenant for brand 24/7 portals.'. 

Key Recommendations:
Based on these findings, we strongly advise the following actions prior to closing: Budget for full roof replacement within 12-24 months.; Obtain proposals for replacement of sprinkler system.; Obtain proposals for replacement of supply pipes..</data>
{
  "report_id": "DDR-2025-3367",
  "property_address": "55370 Angela Motorway, Orrchester, Alabama 44309",
  "report_date": "2025-05-29",
  "report_author_firm": "Myers-Pace",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Fair",
      "issues_identified": [
        "signs of differential settlement"
      ]
    },
    "framing": {
      "condition": "Good",
      "issues_identified": []
    },
    "roofing": {
      "material": "Built-Up Roof (BUR)",
      "age_years": 27,
      "condition": "Poor",
      "recommended_action": "Full replacement recommended within next 1-3 years."
    }
  },
  "environmental_findings": {
    "phase_i_esa_status": "RECs Identified",
    "recognized_environmental_conditions": [
      {
        "type": "Underground Storage Tank (UST)",
        "description": "Consider dog than long record put surface effect light imagine hold building son describe car pull.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate underground storage tank (ust)."
      },
      {
        "type": "Historical Contamination",
        "description": "Top win minute cause pressure impact money.",
        "severity": "Low",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      },
      {
        "type": "Historical Contamination",
        "description": "Prove myself yeah both through open much serve difference line story stage.",
        "severity": "Moderate",
        "recommended_action": "Recommend Phase II ESA to investigate historical contamination."
      }
    ],
    "asbestos_containing_materials_present": true,
    "lead_based_paint_present": false
  },
  "building_systems": [
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Supply Pipes",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 1,
          "issues": [
            "corrosion noted",
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Panelboards",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 2,
          "issues": [
            "requires immediate service",
            "nearing end of useful life"
          ]
        },
        {
          "component_name": "Site Lighting",
          "condition": "Fair",
          "issues": [
            "nearing end of useful life"
          ]
        }
      ],
      "overall_system_condition": "Fair",
      "system_recommendations": "Recommend comprehensive review and budgeting for Electrical system upgrades."
    },
    {
      "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": "HVAC",
      "components_summary": [
        {
          "component_name": "Chiller",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 5
        },
        {
          "component_name": "Boiler",
          "condition": "Fair",
          "estimated_lifespan_remaining_years": 3,
          "issues": [
            "nearing end of useful life",
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Good"
    }
  ],
  "title_encumbrances": [
    {
      "type": "Covenant",
      "description": "Barnes LLC holds a covenant for brand 24/7 portals.",
      "impact_assessment": "Moderate"
    },
    {
      "type": "Covenant",
      "description": "Harris-Johnson holds a covenant for redefine open-source systems.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 165759,
      "timeline_years": 0
    },
    {
      "item": "Supply Pipes Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 37782,
      "timeline_years": 1
    },
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 46403,
      "timeline_years": 1
    }
  ],
  "key_due_diligence_recommendations": [
    "Budget for full roof replacement within 12-24 months.",
    "Obtain proposals for replacement of sprinkler system.",
    "Obtain proposals for replacement of supply pipes."
  ],
  "estimated_remediation_cost_usd": 249944
}