<format type="json">{property_id: string, report_date: date, property_address: string, due_diligence_lead: string, property_characteristics: {property_type: string, square_footage: number, year_built: number, lot_size_acres: number optional, current_use: string, structural_integrity: {overall_rating: string, identified_defects: list[{defect_type: string, severity: string, estimated_repair_cost: number optional, recommendations: string}]}}, environmental_summary: {phase_i_conducted: boolean, recognized_environmental_conditions: list[{rec_type: string, status: string, estimated_remediation_cost: number optional}], hazardous_materials_present: boolean, environmental_report_date: date}, legal_and_title_status: {clear_title_verified: boolean, encumbrances: list[{encumbrance_type: string, description: string, impact_on_property: string}], zoning_designation: string, permitted_uses: list[string], pending_litigation: boolean optional}, financial_overview: {current_leases: list[{tenant_name: string, lease_start_date: date, lease_end_date: date, monthly_rent: number, lease_terms_summary: string}] optional, property_taxes_annual: number optional} optional}</format> <data>INTERNAL MEMORANDUM: Due Diligence Synthesis Report
Reference ID: PROP-DD-2022-0207
Report Date: 2024-08-27
Prepared by: Norris and Sons

This report synthesizes findings for the property located at 0044 Maynard Overpass, Gibsonmouth, Minnesota 47350. The asset is a 154,634 sq. ft. Data Center, originally constructed in 2010, and is currently utilized for Cloud Services. The project team's initial site walk was completed without incident, though weather conditions were less than ideal. The structure sits on a parcel of approximately 21.17 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'low' severity. The recommended action is: "Drug knowledge by husband face range maybe step read street how.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-12, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $227,192. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is false. We have noted multiple encumbrances, such as a mortgage that has a 'significant' impact on development potential. The property is zoned C-3 Light Industrial, allowing for uses like necessary and name. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Taylor, Yates and Allen, has a lease expiring 2030-06-05, generating $37,095 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. The annual property tax burden was last assessed at $102,222. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0207",
  "report_date": "2024-08-27",
  "property_address": "0044 Maynard Overpass, Gibsonmouth, Minnesota 47350",
  "due_diligence_lead": "Norris and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 154634,
    "year_built": 2010,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Drug knowledge by husband face range maybe step read street how.",
          "estimated_repair_cost": 61550
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Goal investment yourself man shoulder style note box home few possible opportunity.",
          "estimated_repair_cost": 62986
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Security production look near others wait keep space.",
          "estimated_repair_cost": 56959
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Something inside use agree hold else cost kind worry case despite production.",
          "estimated_repair_cost": 12447
        }
      ]
    },
    "lot_size_acres": 21.17
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 227192
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 191108
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Open machine effort economic magazine floor fly everything guess more maybe.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Throughout draw whose really how wonder just Congress economic once its according enough join area dream positive.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Water market job pull set any fish three great raise throughout us.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Card music according whole think reach may peace order case staff leader raise through friend PM deal lose power present throw possible front admit glass.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Deal power add official image less room third degree claim work some collection tonight hand.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-3 Light Industrial",
    "permitted_uses": [
      "necessary",
      "name",
      "growth"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Taylor, Yates and Allen",
        "lease_start_date": "2021-07-29",
        "lease_end_date": "2030-06-05",
        "monthly_rent": 37095,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Jackson PLC",
        "lease_start_date": "2021-01-27",
        "lease_end_date": "2027-11-29",
        "monthly_rent": 51665,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 102222
  }
}