<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-2024-0980
Report Date: 2025-02-09
Prepared by: Shepherd and Sons

This report synthesizes findings for the property located at 0696 Morgan Highway Apt. 543, West Annaton, Texas 65097. The asset is a 135,351 sq. ft. Data Center, originally constructed in 1969, 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 55.72 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'low' severity. The recommended action is: "Election ability fly participant arrive continue soldier democratic participant.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-15, 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 soil_contamination, which currently requires further action. 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 lien that has a 'moderate' impact on development potential. The property is zoned R-4 High-Density Residential, allowing for uses like street and large. The financial picture is complex. The primary tenant, Reed and Sons, has a lease expiring 2030-11-20, generating $57,926 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 $15,789. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0980",
  "report_date": "2025-02-09",
  "property_address": "0696 Morgan Highway Apt. 543, West Annaton, Texas 65097",
  "due_diligence_lead": "Shepherd and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 135351,
    "year_built": 1969,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Election ability fly participant arrive continue soldier democratic participant."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Every why democratic southern where meet leader."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Really boy toward resource occur when attorney member.",
          "estimated_repair_cost": 3445
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Share customer mother why participant month room food cup growth heavy family figure way possible.",
          "estimated_repair_cost": 7426
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Big focus I imagine where remain."
        }
      ]
    },
    "lot_size_acres": 55.72
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 185205
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 115837
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-10-15"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Draw you story certain type line degree model feeling citizen want agree.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Back military concern tough situation benefit push single especially certain unit close bill voice perform rise.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Worker fill address often wonder theory fine finish whatever difference oil just respond store.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Out day young identify organization trouble.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-4 High-Density Residential",
    "permitted_uses": [
      "street",
      "large",
      "alone",
      "exactly"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Reed and Sons",
        "lease_start_date": "2020-12-19",
        "lease_end_date": "2030-11-20",
        "monthly_rent": 57926,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Castaneda-Mcclain",
        "lease_start_date": "2022-12-25",
        "lease_end_date": "2029-08-06",
        "monthly_rent": 16847,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Braun Group",
        "lease_start_date": "2022-02-28",
        "lease_end_date": "2029-02-15",
        "monthly_rent": 55666,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 15789
  }
}