<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-2025-9965
Date of Report: 2025-06-29
Subject Property: 8802 Reynolds Estate Apt. 162, West Laurafort, Colorado 58497
Prepared by: Taylor-Cunningham

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 good state, with field notes indicating .Similarly, the framing is considered Poor; however, evidence of past termite activity and bowing in roof joists. Of greater concern is the TPO Membrane roofing system. Having been in service for approximately 19 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 Low severity relates to Underground Storage Tank (UST): Several we serious receive reason base deal rock sense glass three body night section pick. 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 corrosion noted, requires immediate service. The Electrical system is in Fair condition. The Site Lighting exhibits issues such as inefficient operation, nearing end of useful life. The Plumbing system is in Poor condition. The Supply Pipes exhibits issues such as corrosion noted. The Water Heaters exhibits issues such as requires immediate service. These deficiencies translate into considerable near-term capital needs. Our projections identify a total of $360,881 in required expenditures over the next decade. This includes approximately $236,504 for Roof Replacement within 0 year(s). 

Title & Encumbrances:
A preliminary title report review found 3 encumbrances. These include items of minor impact, such as a Easement related to 'Thomas, Hanna and Lyons holds a easement for whiteboard proactive functionalities.'. 

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 site lighting.; Obtain proposals for replacement of water heaters..</data>
{
  "report_id": "DDR-2025-9965",
  "property_address": "8802 Reynolds Estate Apt. 162, West Laurafort, Colorado 58497",
  "report_date": "2025-06-29",
  "report_author_firm": "Taylor-Cunningham",
  "overall_risk_assessment": "Significant",
  "structural_assessment": {
    "foundation": {
      "condition": "Good",
      "issues_identified": []
    },
    "framing": {
      "condition": "Poor",
      "issues_identified": [
        "evidence of past termite activity",
        "bowing in roof joists"
      ]
    },
    "roofing": {
      "material": "TPO Membrane",
      "age_years": 19,
      "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": "Several we serious receive reason base deal rock sense glass three body night section pick.",
        "severity": "Low"
      }
    ],
    "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": [
            "corrosion noted",
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor"
    },
    {
      "system_type": "Electrical",
      "components_summary": [
        {
          "component_name": "Site Lighting",
          "condition": "Poor",
          "issues": [
            "inefficient operation",
            "nearing end of useful life"
          ]
        },
        {
          "component_name": "Panelboards",
          "condition": "Good",
          "estimated_lifespan_remaining_years": 1
        }
      ],
      "overall_system_condition": "Fair"
    },
    {
      "system_type": "Plumbing",
      "components_summary": [
        {
          "component_name": "Supply Pipes",
          "condition": "Fair",
          "issues": [
            "corrosion noted"
          ]
        },
        {
          "component_name": "Water Heaters",
          "condition": "Poor",
          "estimated_lifespan_remaining_years": 7,
          "issues": [
            "requires immediate service"
          ]
        }
      ],
      "overall_system_condition": "Poor",
      "system_recommendations": "Recommend comprehensive review and budgeting for Plumbing system upgrades."
    }
  ],
  "title_encumbrances": [
    {
      "type": "Easement",
      "description": "Thomas, Hanna and Lyons holds a easement for whiteboard proactive functionalities.",
      "impact_assessment": "Minor"
    },
    {
      "type": "Encroachment",
      "description": "Parker and Sons holds a encroachment for transition mission-critical supply-chains.",
      "impact_assessment": "Significant"
    },
    {
      "type": "Encroachment",
      "description": "Gomez-Andrews holds a encroachment for expedite back-end solutions.",
      "impact_assessment": "Minor"
    }
  ],
  "capital_expenditure_projections": [
    {
      "item": "Roof Replacement",
      "category": "Immediate Repair",
      "estimated_cost_usd": 236504,
      "timeline_years": 0
    },
    {
      "item": "Sprinkler System Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 45444,
      "timeline_years": 3
    },
    {
      "item": "Site Lighting Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 48569,
      "timeline_years": 5
    },
    {
      "item": "Water Heaters Replacement/Repair",
      "category": "Short-Term CAPEX",
      "estimated_cost_usd": 30364,
      "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 site lighting.",
    "Obtain proposals for replacement of water heaters."
  ]
}