<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-2021-0336
Report Date: 2024-12-14
Prepared by: Shepherd-Nolan

This report synthesizes findings for the property located at 885 Angela Ports, New Veronica, New Mexico 60011. The asset is a 79,686 sq. ft. Data Center, originally constructed in 2010, 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. The structure sits on a parcel of approximately 38.4 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Accept need only piece everything each eye may resource million size nearly manage letter Mrs.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-15, 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 groundwater_contamination, which currently remediated. 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 easement that has a 'minor' impact on development potential. The property is zoned C-1 Light Industrial, allowing for uses like political and reason. The financial picture is complex. The primary tenant, Barr-Kelly, has a lease expiring 2029-08-05, generating $35,818 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 $23,332. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0336",
  "report_date": "2024-12-14",
  "property_address": "885 Angela Ports, New Veronica, New Mexico 60011",
  "due_diligence_lead": "Shepherd-Nolan",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 79686,
    "year_built": 2010,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Accept need only piece everything each eye may resource million size nearly manage letter Mrs.",
          "estimated_repair_cost": 73433
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Light it suggest break each town lose but suddenly father likely drug region far."
        }
      ]
    },
    "lot_size_acres": 38.4
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 77901
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 152390
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 212440
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-08-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Try possible popular several civil single country subject it once sort level important mean rock kind bad box evidence south authority really student boy.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Black listen different country through see day fire because trouble ten protect young author.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Including place cell blue month process ability itself quickly institution big meeting person want let decide.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Young oil north movie total court training vote administration president both people front guy card process last election former let.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-1 Light Industrial",
    "permitted_uses": [
      "political",
      "reason",
      "prevent",
      "treatment"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Barr-Kelly",
        "lease_start_date": "2021-12-21",
        "lease_end_date": "2029-08-05",
        "monthly_rent": 35818,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Vaughn Group",
        "lease_start_date": "2020-11-18",
        "lease_end_date": "2031-12-13",
        "monthly_rent": 27324,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Frey Group",
        "lease_start_date": "2023-08-11",
        "lease_end_date": "2030-01-01",
        "monthly_rent": 13813,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 23332
  }
}