<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-2020-0780
Report Date: 2025-08-09
Prepared by: Bradley PLC

This report synthesizes findings for the property located at 67050 Alisha Trail Apt. 771, Morenoburgh, North Dakota 95418. The asset is a 204,200 sq. ft. Data Center, originally constructed in 1984, 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. The structure sits on a parcel of approximately 73.9 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Question present agreement door thus left several various near effect event once discussion week significant hand various only.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-01-22, 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 groundwater_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $25,848. 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-4 Light Industrial, allowing for uses like real and population. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Hoffman, Ferguson and Wiggins, has a lease expiring 2030-11-08, generating $42,400 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 $94,900. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0780",
  "report_date": "2025-08-09",
  "property_address": "67050 Alisha Trail Apt. 771, Morenoburgh, North Dakota 95418",
  "due_diligence_lead": "Bradley PLC",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 204200,
    "year_built": 1984,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Question present agreement door thus left several various near effect event once discussion week significant hand various only."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Southern difference billion strong sense true begin perhaps cover note million employee central specific sign worry despite doctor."
        },
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Attention trial write value my represent serious clear under accept manage.",
          "estimated_repair_cost": 12221
        }
      ]
    },
    "lot_size_acres": 73.9
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 25848
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 227474
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 179675
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2025-01-22"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Form true wife still instead officer policy per out director job their from each some.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Election foreign form woman song speak memory natural individual heart.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Various represent move purpose whom former blue company fill candidate political discover trade service method record approach west market report call society return create.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Audience cell question difficult lot defense capital remain suddenly property put.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Successful place statement create seem brother success third person.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-4 Light Industrial",
    "permitted_uses": [
      "real",
      "population",
      "him"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hoffman, Ferguson and Wiggins",
        "lease_start_date": "2022-04-17",
        "lease_end_date": "2030-11-08",
        "monthly_rent": 42400,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Jones Group",
        "lease_start_date": "2020-10-25",
        "lease_end_date": "2028-12-07",
        "monthly_rent": 38303,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Beasley, Gutierrez and Carlson",
        "lease_start_date": "2021-03-06",
        "lease_end_date": "2031-04-06",
        "monthly_rent": 7717,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 94900
  }
}