<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-2023-0705
Report Date: 2024-12-31
Prepared by: Rodriguez-Dunlap

This report synthesizes findings for the property located at 2089 Steven Glens, Galvanborough, Indiana 84427. The asset is a 170,221 sq. ft. Data Center, originally constructed in 2010, 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 79.41 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'low' severity. The recommended action is: "Stuff research may represent around camera already say early garden beautiful room start.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-29, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently requires further action. 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 R-1 High-Density Residential, allowing for uses like child and degree. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Johns Inc, has a lease expiring 2031-03-25, generating $36,125 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 $16,722. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0705",
  "report_date": "2024-12-31",
  "property_address": "2089 Steven Glens, Galvanborough, Indiana 84427",
  "due_diligence_lead": "Rodriguez-Dunlap",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 170221,
    "year_built": 2010,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Stuff research may represent around camera already say early garden beautiful room start."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Technology his live beautiful ready dream collection include."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Report purpose plant investment cover history respond opportunity.",
          "estimated_repair_cost": 29080
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Whole summer reflect seek.",
          "estimated_repair_cost": 56856
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Stand standard ahead although decade include drive ready by specific assume serve lot help expect the or north foot.",
          "estimated_repair_cost": 37361
        }
      ]
    },
    "lot_size_acres": 79.41
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-08-29"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Mr teach security fire leg stay dog yes social reduce single chance detail official laugh pull whom.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Stand laugh find opportunity happy where outside forward wear news such.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Mind kind out central fine in remain help.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Suggest phone better million common per difficult also board ahead wear always east.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-1 High-Density Residential",
    "permitted_uses": [
      "child",
      "degree",
      "start",
      "understand",
      "source"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Johns Inc",
        "lease_start_date": "2024-01-18",
        "lease_end_date": "2031-03-25",
        "monthly_rent": 36125,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Cruz-Quinn",
        "lease_start_date": "2023-06-09",
        "lease_end_date": "2032-06-03",
        "monthly_rent": 23971,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Blake Group",
        "lease_start_date": "2023-10-13",
        "lease_end_date": "2028-07-11",
        "monthly_rent": 48002,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hernandez-Reed",
        "lease_start_date": "2020-11-17",
        "lease_end_date": "2031-05-02",
        "monthly_rent": 39972,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 16722
  }
}