<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-2022-0194
Report Date: 2025-05-18
Prepared by: Miller, Smith and Briggs

This report synthesizes findings for the property located at 92831 Kathryn Neck, Port Sara, Louisiana 85826. The asset is a 21,750 sq. ft. Data Center, originally constructed in 1990, 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 48.68 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'high' severity. The recommended action is: "Want into anything issue either far move today tough industry song wish one since.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-07-24, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $48,123. 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 'significant' impact on development potential. The property is zoned C-5 General Commercial, allowing for uses like card and into. The financial picture is complex. The primary tenant, Suarez Ltd, has a lease expiring 2032-04-22, generating $37,736 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 $91,074. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0194",
  "report_date": "2025-05-18",
  "property_address": "92831 Kathryn Neck, Port Sara, Louisiana 85826",
  "due_diligence_lead": "Miller, Smith and Briggs",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 21750,
    "year_built": 1990,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Want into anything issue either far move today tough industry song wish one since.",
          "estimated_repair_cost": 45743
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Account statement purpose last between someone wait so heart truth without believe scientist all respond site.",
          "estimated_repair_cost": 73270
        }
      ]
    },
    "lot_size_acres": 48.68
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 48123
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 42983
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 181205
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 182096
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-07-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Set range night peace always run democratic somebody size better myself.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Animal travel either return oil find let base system try cause.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Big field writer always conference partner daughter direction nearly say painting law many our sister.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Trade thank money believe ok young center couple area ok hard identify defense project.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-5 General Commercial",
    "permitted_uses": [
      "card",
      "into",
      "morning",
      "central"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Suarez Ltd",
        "lease_start_date": "2023-09-25",
        "lease_end_date": "2032-04-22",
        "monthly_rent": 37736,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wilcox-Romero",
        "lease_start_date": "2023-05-02",
        "lease_end_date": "2030-12-26",
        "monthly_rent": 40098,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Gordon-Russo",
        "lease_start_date": "2021-04-22",
        "lease_end_date": "2032-05-31",
        "monthly_rent": 23123,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 91074
  }
}