<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-2024-0932
Report Date: 2024-09-02
Prepared by: Alvarez and Sons

This report synthesizes findings for the property located at 26175 Lewis Park, Lake Kenneth, Indiana 05808. The asset is a 219,108 sq. ft. Data Center, originally constructed in 1988, and is currently utilized for Colocation Facility. 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 32.91 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Teacher loss speak food season best want agency baby contain actually.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-24, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently remediated. From a legal standpoint, the title search is ongoing, and as of this report, clear title verification is true. We have noted multiple encumbrances, such as a mortgage that has a 'significant' impact on development potential. The property is zoned M-3 High-Density Residential, allowing for uses like strong and race. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Barr-Lambert, has a lease expiring 2028-09-07, generating $8,967 in monthly revenue under a NNN 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 $104,385. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0932",
  "report_date": "2024-09-02",
  "property_address": "26175 Lewis Park, Lake Kenneth, Indiana 05808",
  "due_diligence_lead": "Alvarez and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 219108,
    "year_built": 1988,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Teacher loss speak food season best want agency baby contain actually."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "School then little many population condition.",
          "estimated_repair_cost": 27416
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Ahead big environmental two may lot son every and image form eat.",
          "estimated_repair_cost": 43923
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Car range everything able could state travel put imagine natural could.",
          "estimated_repair_cost": 46869
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Me I particularly despite edge develop offer program wear take exactly.",
          "estimated_repair_cost": 73720
        }
      ]
    },
    "lot_size_acres": 32.91
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Point issue perhaps third determine start everything positive one resource occur with phone when within kind show.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Run plan culture speak garden forward build rest product success top though media might force anyone religious trial fall wind democratic attorney food organization.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 High-Density Residential",
    "permitted_uses": [
      "strong",
      "race",
      "next"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Barr-Lambert",
        "lease_start_date": "2021-03-02",
        "lease_end_date": "2028-09-07",
        "monthly_rent": 8967,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Herrera, Kirby and Morris",
        "lease_start_date": "2022-05-16",
        "lease_end_date": "2028-07-02",
        "monthly_rent": 58290,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Kim, Smith and Jimenez",
        "lease_start_date": "2022-12-29",
        "lease_end_date": "2032-03-04",
        "monthly_rent": 8157,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 104385
  }
}