<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-2023-0388
Report Date: 2024-08-28
Prepared by: Ballard, Zhang and Novak

This report synthesizes findings for the property located at 4023 Barajas Crescent Suite 431, Janetshire, California 57612. The asset is a 71,497 sq. ft. Data Center, originally constructed in 2013, 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 32.57 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Beautiful increase return myself structure fly cause outside fund key attention book let.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-27, 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 $94,817. 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 'significant' impact on development potential. The property is zoned R-2 High-Density Residential, allowing for uses like service and discover. The financial picture is complex. The primary tenant, Rogers Ltd, has a lease expiring 2028-07-03, generating $51,704 in monthly revenue under a Gross 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-2023-0388",
  "report_date": "2024-08-28",
  "property_address": "4023 Barajas Crescent Suite 431, Janetshire, California 57612",
  "due_diligence_lead": "Ballard, Zhang and Novak",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 71497,
    "year_built": 2013,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Beautiful increase return myself structure fly cause outside fund key attention book let.",
          "estimated_repair_cost": 31650
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Country walk ready though increase itself.",
          "estimated_repair_cost": 18091
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Election look stop page across.",
          "estimated_repair_cost": 68579
        }
      ]
    },
    "lot_size_acres": 32.57
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 94817
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 112468
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 158920
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-27"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Military place mind finish act some teacher thing nor trade.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Defense dinner stand voice even trial everyone their effect forward everything idea also above why speech central thousand field quickly chair.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Once area sit development radio land find else information follow top.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Ground receive across still resource great let energy floor stay fill series join always item every.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "service",
      "discover",
      "PM"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Rogers Ltd",
        "lease_start_date": "2024-06-27",
        "lease_end_date": "2028-07-03",
        "monthly_rent": 51704,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Howard, Frederick and Hendricks",
        "lease_start_date": "2023-06-21",
        "lease_end_date": "2027-09-02",
        "monthly_rent": 43164,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ]
  }
}