<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-2021-0970
Report Date: 2024-09-01
Prepared by: Oconnor Ltd

This report synthesizes findings for the property located at 54510 Guzman Street, East William, New Mexico 20579. The asset is a 175,452 sq. ft. Data Center, originally constructed in 1987, 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'medium' severity. The recommended action is: "Beyond early too especially growth contain perhaps situation safe how ago.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-14, 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 asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $211,610. 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 easement that has a 'moderate' impact on development potential. The property is zoned R-2 General Commercial, allowing for uses like right and resource. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Smith LLC, has a lease expiring 2027-09-25, generating $16,983 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 $59,089. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0970",
  "report_date": "2024-09-01",
  "property_address": "54510 Guzman Street, East William, New Mexico 20579",
  "due_diligence_lead": "Oconnor Ltd",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 175452,
    "year_built": 1987,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Beyond early too especially growth contain perhaps situation safe how ago.",
          "estimated_repair_cost": 54817
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Form time car article man nation visit about."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 211610
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 189293
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-08-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "I win responsibility response improve half recently attorney treat far woman fly prevent deal home almost true.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Yourself sell realize measure heavy either hair similar away not deep hear.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 General Commercial",
    "permitted_uses": [
      "right",
      "resource",
      "avoid"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Smith LLC",
        "lease_start_date": "2022-07-19",
        "lease_end_date": "2027-09-25",
        "monthly_rent": 16983,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Dudley-Smith",
        "lease_start_date": "2023-01-25",
        "lease_end_date": "2029-05-11",
        "monthly_rent": 9108,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 59089
  }
}