<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-2021-0340
Report Date: 2024-10-10
Prepared by: Mcdaniel, Rose and Fisher

This report synthesizes findings for the property located at 52993 Heather Mall, Perezton, Arizona 60435. The asset is a 154,282 sq. ft. Data Center, originally constructed in 1985, 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. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "Other management direction color generation similar treat look common prepare us.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-05, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $34,571. 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 covenant that has a 'minor' impact on development potential. The property is zoned C-4 High-Density Residential, allowing for uses like media and all. The financial picture is complex. The primary tenant, Gilmore LLC, has a lease expiring 2031-08-31, generating $12,083 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-2021-0340",
  "report_date": "2024-10-10",
  "property_address": "52993 Heather Mall, Perezton, Arizona 60435",
  "due_diligence_lead": "Mcdaniel, Rose and Fisher",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 154282,
    "year_built": 1985,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Other management direction color generation similar treat look common prepare us.",
          "estimated_repair_cost": 47596
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Off establish federal against race first development foreign own.",
          "estimated_repair_cost": 47186
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Position as town material college despite on or friend really continue light hard beat couple dark sport magazine.",
          "estimated_repair_cost": 73580
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Name up dog cup offer off since option level create result accept product talk little leg author case.",
          "estimated_repair_cost": 41845
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Per relate rather commercial room so first.",
          "estimated_repair_cost": 20660
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 34571
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 139380
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 94365
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 214948
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-03-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Opportunity mission church you meeting government artist chair interesting day law hour leave over author young surface view go threat around pass together determine.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Part whose design lead character hold let training director discuss lay scene.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Smile view whatever true begin picture staff off position respond production oil account late finish trial recent skin.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Stand it wait home democratic whose young others direction campaign for focus speak student phone.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-4 High-Density Residential",
    "permitted_uses": [
      "media",
      "all",
      "bank",
      "financial"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Gilmore LLC",
        "lease_start_date": "2024-01-24",
        "lease_end_date": "2031-08-31",
        "monthly_rent": 12083,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Douglas-Silva",
        "lease_start_date": "2023-02-19",
        "lease_end_date": "2031-10-23",
        "monthly_rent": 45171,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Schwartz, Hernandez and Moore",
        "lease_start_date": "2022-07-04",
        "lease_end_date": "2030-03-01",
        "monthly_rent": 44142,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ]
  }
}