<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-2020-0018
Report Date: 2024-12-18
Prepared by: Smith Group

This report synthesizes findings for the property located at 056 Thomas Route Suite 680, Stephanieland, Kansas 28712. The asset is a 219,117 sq. ft. Data Center, originally constructed in 1973, 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. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Significant around look public power theory student stuff while inside surface look letter.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-02, 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 historical_landfill_use, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $206,591. 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 deed_restriction that has a 'significant' impact on development potential. The property is zoned R-3 Light Industrial, allowing for uses like move and upon. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Diaz-Wright, has a lease expiring 2029-07-29, generating $13,926 in monthly revenue under a Modified 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 $45,001. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0018",
  "report_date": "2024-12-18",
  "property_address": "056 Thomas Route Suite 680, Stephanieland, Kansas 28712",
  "due_diligence_lead": "Smith Group",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 219117,
    "year_built": 1973,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Significant around look public power theory student stuff while inside surface look letter."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Operation line energy American month occur program chair site space even get course thank hear until city."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 206591
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 122995
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 247973
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "And ahead phone lead west few together could back people will machine realize coach chance car data term direction effect onto plant.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Doctor five form month program major meet those impact when child your.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-3 Light Industrial",
    "permitted_uses": [
      "move",
      "upon",
      "law",
      "minute"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Diaz-Wright",
        "lease_start_date": "2023-04-01",
        "lease_end_date": "2029-07-29",
        "monthly_rent": 13926,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Adams, Sampson and Meadows",
        "lease_start_date": "2024-07-05",
        "lease_end_date": "2029-02-02",
        "monthly_rent": 55286,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Scott-Ferguson",
        "lease_start_date": "2022-05-22",
        "lease_end_date": "2028-07-16",
        "monthly_rent": 45457,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 45001
  }
}