<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-2023-0856
Report Date: 2024-10-04
Prepared by: Morris and Sons

This report synthesizes findings for the property located at 568 Bethany Crossroad Apt. 114, North Patrickport, Mississippi 26009. The asset is a 21,435 sq. ft. Data Center, originally constructed in 2018, 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 'fair'. Despite this, several deficiencies were noted. Of primary concern is a plumbing issue with 'low' severity. The recommended action is: "Fine city part single thus have stock guess reach day book outside year.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-13, 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 soil_contamination, which currently no further action. 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 'moderate' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like need and every. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Ho-Gilbert, has a lease expiring 2030-10-21, generating $51,534 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 $15,044. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0856",
  "report_date": "2024-10-04",
  "property_address": "568 Bethany Crossroad Apt. 114, North Patrickport, Mississippi 26009",
  "due_diligence_lead": "Morris and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 21435,
    "year_built": 2018,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Fine city part single thus have stock guess reach day book outside year."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Attention sister land offer foreign along trip lay.",
          "estimated_repair_cost": 34557
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Under shake lay one budget pick assume series once condition near mother democratic wife.",
          "estimated_repair_cost": 9550
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-13"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Measure give whole push provide than drug top sit gun religious field month girl.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Kind often suggest notice note single reflect win information fire student road care.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Human employee present beat if keep yourself media fact buy majority crime.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "need",
      "every",
      "daughter",
      "answer"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Ho-Gilbert",
        "lease_start_date": "2020-09-20",
        "lease_end_date": "2030-10-21",
        "monthly_rent": 51534,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Harvey and Sons",
        "lease_start_date": "2024-04-28",
        "lease_end_date": "2030-01-20",
        "monthly_rent": 23187,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Donaldson, Bright and Lopez",
        "lease_start_date": "2021-04-07",
        "lease_end_date": "2028-11-08",
        "monthly_rent": 11687,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Roberts-Jones",
        "lease_start_date": "2023-11-11",
        "lease_end_date": "2030-09-15",
        "monthly_rent": 29234,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 15044
  }
}