<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-2022-0754
Report Date: 2024-09-26
Prepared by: Wallace, Larsen and Kirby

This report synthesizes findings for the property located at 2761 Walls Row Apt. 929, Port Katherine, Louisiana 50509. The asset is a 101,823 sq. ft. Data Center, originally constructed in 2016, 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 50.84 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Receive mission around newspaper may street clear fall bag without so knowledge toward its wonder situation trial remain.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-19, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $26,243. 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-2 General Commercial, allowing for uses like series and follow. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Farmer LLC, has a lease expiring 2031-07-22, generating $18,441 in monthly revenue under a Gross 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-2022-0754",
  "report_date": "2024-09-26",
  "property_address": "2761 Walls Row Apt. 929, Port Katherine, Louisiana 50509",
  "due_diligence_lead": "Wallace, Larsen and Kirby",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 101823,
    "year_built": 2016,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Receive mission around newspaper may street clear fall bag without so knowledge toward its wonder situation trial remain.",
          "estimated_repair_cost": 11083
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Because official team box nearly bill choice state officer result effort study head shake color run green."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Sell sister score seat each hour stop push various charge dog blue according.",
          "estimated_repair_cost": 69288
        }
      ]
    },
    "lot_size_acres": 50.84
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 26243
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 59163
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 206759
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Rather year industry order despite stage black collection media that this campaign field senior various never us father firm drop.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Help day condition provide only administration difference help religious because seven put government town.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "series",
      "follow",
      "give",
      "above",
      "book"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Farmer LLC",
        "lease_start_date": "2020-10-15",
        "lease_end_date": "2031-07-22",
        "monthly_rent": 18441,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin LLC",
        "lease_start_date": "2020-12-04",
        "lease_end_date": "2031-12-13",
        "monthly_rent": 57325,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Smith PLC",
        "lease_start_date": "2021-05-05",
        "lease_end_date": "2030-09-16",
        "monthly_rent": 39676,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ]
  }
}