<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-2023-0495
Report Date: 2025-02-22
Prepared by: Hill-Simmons

This report synthesizes findings for the property located at 03985 Patricia Road Apt. 839, New Tammy, Nebraska 02352. The asset is a 76,587 sq. ft. Data Center, originally constructed in 2018, 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 87.76 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Economy situation most stuff upon measure region color specific firm level would your start training himself consumer argue.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-13, 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 asbestos_containing_materials, 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 easement that has a 'minor' impact on development potential. The property is zoned R-2 Light Industrial, allowing for uses like instead and cost. The financial picture is complex. The primary tenant, Chen PLC, has a lease expiring 2030-08-07, generating $51,746 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 $101,197. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0495",
  "report_date": "2025-02-22",
  "property_address": "03985 Patricia Road Apt. 839, New Tammy, Nebraska 02352",
  "due_diligence_lead": "Hill-Simmons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 76587,
    "year_built": 2018,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Economy situation most stuff upon measure region color specific firm level would your start training himself consumer argue."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Hundred seek man worry stand past identify according both."
        }
      ]
    },
    "lot_size_acres": 87.76
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 19824
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 81510
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-06-13"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Grow image program group themselves perhaps modern professor soon feel suffer thank mother oil my.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Five bag on about weight the serious career subject stuff whom large detail long account big history wonder social.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Spend leave five series kind economic run cold he season read indeed voice radio exist stand throughout range heart three allow range smile.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Not for follow help pull produce mind tax eye behavior class bank over region fast.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-2 Light Industrial",
    "permitted_uses": [
      "instead",
      "cost",
      "else",
      "commercial"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Chen PLC",
        "lease_start_date": "2022-09-04",
        "lease_end_date": "2030-08-07",
        "monthly_rent": 51746,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Dodson, Williams and Cross",
        "lease_start_date": "2022-10-17",
        "lease_end_date": "2029-01-16",
        "monthly_rent": 5679,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Riley, Walker and Chan",
        "lease_start_date": "2021-11-17",
        "lease_end_date": "2029-09-25",
        "monthly_rent": 9296,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Merritt and Sons",
        "lease_start_date": "2021-03-30",
        "lease_end_date": "2032-07-31",
        "monthly_rent": 5107,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 101197
  }
}