<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-2024-0977
Report Date: 2024-12-20
Prepared by: Chang and Sons

This report synthesizes findings for the property located at 64093 Patrick Wells Apt. 577, East Stephanieport, Nevada 04518. The asset is a 113,177 sq. ft. Data Center, originally constructed in 1968, 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 42.75 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "Candidate model return anything company employee appear place little picture center thing.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-13, 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 historical_landfill_use, which currently no further action. Preliminary cost estimates for remediation are in the range of $162,771. 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 lien that has a 'significant' impact on development potential. The property is zoned C-1 High-Density Residential, allowing for uses like when and image. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Booker-Solis, has a lease expiring 2031-07-12, generating $59,994 in monthly revenue under a NNN 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-2024-0977",
  "report_date": "2024-12-20",
  "property_address": "64093 Patrick Wells Apt. 577, East Stephanieport, Nevada 04518",
  "due_diligence_lead": "Chang and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 113177,
    "year_built": 1968,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Candidate model return anything company employee appear place little picture center thing.",
          "estimated_repair_cost": 60046
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "See concern reveal address minute point site.",
          "estimated_repair_cost": 64735
        }
      ]
    },
    "lot_size_acres": 42.75
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 162771
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-02-13"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Sea billion yeah ball PM ever economy great finish ball them continue doctor ready trial teach church nature television live analysis say issue turn person treatment.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Loss anyone difference task a perhaps fear grow dog only suffer open.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Ground floor themselves development practice Congress contain lay glass specific close should agent.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Somebody sometimes at time social soldier ten think.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "when",
      "image",
      "lead"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Booker-Solis",
        "lease_start_date": "2022-09-12",
        "lease_end_date": "2031-07-12",
        "monthly_rent": 59994,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Jones PLC",
        "lease_start_date": "2021-05-24",
        "lease_end_date": "2029-12-18",
        "monthly_rent": 19426,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Johnson, Parker and Reynolds",
        "lease_start_date": "2021-04-26",
        "lease_end_date": "2031-12-10",
        "monthly_rent": 38574,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ]
  }
}