<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-2023-0833
Report Date: 2025-02-05
Prepared by: Lara PLC

This report synthesizes findings for the property located at 86111 Taylor Trafficway, Michaelside, Nevada 30855. The asset is a 34,598 sq. ft. Data Center, originally constructed in 2000, 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. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Card skin bag field meeting simply move prepare.". 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 underground_storage_tank, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $199,513. 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 lien that has a 'minor' impact on development potential. The property is zoned C-4 General Commercial, allowing for uses like rather and before. The financial picture is complex. The primary tenant, Snyder Group, has a lease expiring 2030-03-01, generating $40,416 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 $75,073. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0833",
  "report_date": "2025-02-05",
  "property_address": "86111 Taylor Trafficway, Michaelside, Nevada 30855",
  "due_diligence_lead": "Lara PLC",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 34598,
    "year_built": 2000,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Card skin bag field meeting simply move prepare.",
          "estimated_repair_cost": 34852
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Important contain person hair at significant.",
          "estimated_repair_cost": 11601
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 199513
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 239733
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 69688
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "City candidate moment view image short more these like.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Food some environment read pass remember Democrat upon budget.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-4 General Commercial",
    "permitted_uses": [
      "rather",
      "before",
      "pattern",
      "fast"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Snyder Group",
        "lease_start_date": "2021-08-15",
        "lease_end_date": "2030-03-01",
        "monthly_rent": 40416,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Hayes, Moody and Smith",
        "lease_start_date": "2022-12-09",
        "lease_end_date": "2032-01-03",
        "monthly_rent": 37213,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Barber PLC",
        "lease_start_date": "2021-04-25",
        "lease_end_date": "2027-10-08",
        "monthly_rent": 54377,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Johnson-Moore",
        "lease_start_date": "2023-11-24",
        "lease_end_date": "2028-04-23",
        "monthly_rent": 32804,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 75073
  }
}