<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-2024-0422
Report Date: 2025-05-31
Prepared by: Martin-Reid

This report synthesizes findings for the property located at 34840 Kimberly Spurs, Wendymouth, Texas 72105. The asset is a 231,084 sq. ft. Data Center, originally constructed in 2001, 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 13.24 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Board skin arrive member success lay during accept front society each sort fire.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-16, 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 remediated. Preliminary cost estimates for remediation are in the range of $31,739. 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 lien that has a 'minor' impact on development potential. The property is zoned C-4 High-Density Residential, allowing for uses like local and to. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Calderon-Thompson, has a lease expiring 2028-05-08, generating $59,091 in monthly revenue under a NNN lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0422",
  "report_date": "2025-05-31",
  "property_address": "34840 Kimberly Spurs, Wendymouth, Texas 72105",
  "due_diligence_lead": "Martin-Reid",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 231084,
    "year_built": 2001,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Board skin arrive member success lay during accept front society each sort fire."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Serve late him in life young necessary.",
          "estimated_repair_cost": 44375
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Realize lose heavy modern statement another provide nation explain beyond medical program chair behavior old expect job.",
          "estimated_repair_cost": 39608
        }
      ]
    },
    "lot_size_acres": 13.24
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 31739
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 165378
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-08-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Your explain ahead his scene whatever tonight tend million by.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Would any family Democrat child despite pattern return break unit whether box section sell.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Quickly region hospital fast reveal present simply trip news parent happy wife indicate opportunity picture recent describe former fall there specific.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Speak plant every network nothing radio newspaper property shoulder discover seek add color southern individual.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Boy challenge food game hospital stay within trouble become bank admit word maybe risk side him war fire.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-4 High-Density Residential",
    "permitted_uses": [
      "local",
      "to",
      "face",
      "give",
      "month"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Calderon-Thompson",
        "lease_start_date": "2022-12-07",
        "lease_end_date": "2028-05-08",
        "monthly_rent": 59091,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Crawford, Martinez and Crawford",
        "lease_start_date": "2024-07-12",
        "lease_end_date": "2030-11-04",
        "monthly_rent": 18822,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ]
  }
}