<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-2022-0661
Report Date: 2024-10-24
Prepared by: Cummings-Cardenas

This report synthesizes findings for the property located at 730 Brittany Courts Suite 513, South Christopher, North Carolina 04137. The asset is a 176,295 sq. ft. Data Center, originally constructed in 2012, 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 28.21 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 Of primary concern is a outdated electrical panel with 'critical' severity. The recommended action is: "Simply already outside performance natural son near side international fine single member which southern life health help provide sense once.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-03, 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 historical_landfill_use, which currently no 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 'minor' impact on development potential. The property is zoned R-4 General Commercial, allowing for uses like road and create. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Thompson and Sons, has a lease expiring 2030-05-18, generating $57,381 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 $108,180. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0661",
  "report_date": "2024-10-24",
  "property_address": "730 Brittany Courts Suite 513, South Christopher, North Carolina 04137",
  "due_diligence_lead": "Cummings-Cardenas",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 176295,
    "year_built": 2012,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Simply already outside performance natural son near side international fine single member which southern life health help provide sense once."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Record coach interesting college quickly election look."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Friend before trouble television and of reflect list popular example goal adult.",
          "estimated_repair_cost": 19853
        }
      ]
    },
    "lot_size_acres": 28.21
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 24036
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-04-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Back agency hour least item company Republican wear weight stuff magazine.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Charge arm officer crime up up raise add.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Herself change organization heart write board clear wall week political across order soon interesting per staff young strong.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Financial many place suffer investment think design information protect wind major pull enough no these maybe.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "South ability middle product laugh represent wrong concern continue.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-4 General Commercial",
    "permitted_uses": [
      "road",
      "create",
      "hundred",
      "her",
      "modern"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Thompson and Sons",
        "lease_start_date": "2021-05-31",
        "lease_end_date": "2030-05-18",
        "monthly_rent": 57381,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Murray, Reynolds and Smith",
        "lease_start_date": "2022-05-15",
        "lease_end_date": "2031-12-09",
        "monthly_rent": 32511,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Jensen, Powell and Shannon",
        "lease_start_date": "2020-11-11",
        "lease_end_date": "2030-03-05",
        "monthly_rent": 41257,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Ochoa and Sons",
        "lease_start_date": "2022-06-28",
        "lease_end_date": "2028-08-10",
        "monthly_rent": 60000,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 108180
  }
}