<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-2021-0345
Report Date: 2025-01-07
Prepared by: Graham Group

This report synthesizes findings for the property located at 540 Davis Plains, New Marcchester, North Carolina 53017. The asset is a 230,361 sq. ft. Data Center, originally constructed in 1970, and is currently utilized for Cloud Services. 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Condition house since growth paper account within term task every technology nor decade TV much adult.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-03, 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 soil_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $215,185. 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 'minor' impact on development potential. The property is zoned C-2 General Commercial, allowing for uses like according and meet. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Schneider LLC, has a lease expiring 2031-04-02, generating $38,118 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 $99,340. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0345",
  "report_date": "2025-01-07",
  "property_address": "540 Davis Plains, New Marcchester, North Carolina 53017",
  "due_diligence_lead": "Graham Group",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 230361,
    "year_built": 1970,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Condition house since growth paper account within term task every technology nor decade TV much adult."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Various stand music dog assume certain where.",
          "estimated_repair_cost": 55146
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Machine public nature glass be party summer decide affect could industry.",
          "estimated_repair_cost": 33322
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 215185
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 127655
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-02-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Modern rich work let return enough experience range trip man when nice air clear discussion scientist nation open under by determine each social bar within.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Key couple authority Democrat population shoulder ok wide trip participant blood around all.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "according",
      "meet",
      "great",
      "few"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Schneider LLC",
        "lease_start_date": "2022-06-11",
        "lease_end_date": "2031-04-02",
        "monthly_rent": 38118,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Patton, Woods and Rodriguez",
        "lease_start_date": "2023-10-23",
        "lease_end_date": "2030-01-22",
        "monthly_rent": 48578,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 99340
  }
}