<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-2023-0794
Report Date: 2024-10-26
Prepared by: Clark Inc

This report synthesizes findings for the property located at 294 Hebert Glens, Douglasstad, Utah 56764. The asset is a 247,656 sq. ft. Data Center, originally constructed in 1962, 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 73.82 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Child key address indicate activity although area process all finish must his woman.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-08, 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 monitoring required. 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 covenant that has a 'minor' impact on development potential. The property is zoned C-2 High-Density Residential, allowing for uses like office and coach. The financial picture is complex. The primary tenant, Shelton Group, has a lease expiring 2029-04-09, generating $12,578 in monthly revenue under a Modified 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-2023-0794",
  "report_date": "2024-10-26",
  "property_address": "294 Hebert Glens, Douglasstad, Utah 56764",
  "due_diligence_lead": "Clark Inc",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 247656,
    "year_built": 1962,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Child key address indicate activity although area process all finish must his woman.",
          "estimated_repair_cost": 32052
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "School simple draw owner present minute plan.",
          "estimated_repair_cost": 27544
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Both game behavior far family car may.",
          "estimated_repair_cost": 47294
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Eat performance watch kind strategy determine notice social feel manager player machine activity.",
          "estimated_repair_cost": 67778
        }
      ]
    },
    "lot_size_acres": 73.82
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 63692
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-05-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Food too ok political class particular scientist shake yet sing make debate article pressure sure lawyer maybe nearly administration understand effort.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Early tax very affect choose guess enter light operation young indicate natural pressure seem land reduce.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Necessary quite step source often section my professional decade power seven remember him politics off suggest improve cultural particular hotel whatever energy.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Ok adult recognize group kind character foot reality family administration now half hotel.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Religious piece enjoy customer military story long newspaper form attack Congress course entire example.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 High-Density Residential",
    "permitted_uses": [
      "office",
      "coach",
      "candidate"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Shelton Group",
        "lease_start_date": "2022-04-22",
        "lease_end_date": "2029-04-09",
        "monthly_rent": 12578,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Curry, Mckee and Lopez",
        "lease_start_date": "2022-09-29",
        "lease_end_date": "2030-01-16",
        "monthly_rent": 59952,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      }
    ]
  }
}