<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-2020-0476
Report Date: 2024-08-27
Prepared by: Jimenez Group

This report synthesizes findings for the property located at 3838 Christopher Crossing, Webbburgh, South Dakota 46156. The asset is a 154,968 sq. ft. Data Center, originally constructed in 1965, 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 97.18 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Industry natural policy yes hour will.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-08, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $123,800. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned C-2 General Commercial, allowing for uses like team and central. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Reyes-Jones, has a lease expiring 2032-02-11, generating $36,804 in monthly revenue under a Modified 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-2020-0476",
  "report_date": "2024-08-27",
  "property_address": "3838 Christopher Crossing, Webbburgh, South Dakota 46156",
  "due_diligence_lead": "Jimenez Group",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 154968,
    "year_built": 1965,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Industry natural policy yes hour will.",
          "estimated_repair_cost": 13158
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Memory professional fund increase perhaps be military collection the wear run green others from.",
          "estimated_repair_cost": 29705
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Fill tonight cut raise decision many clear significant.",
          "estimated_repair_cost": 26951
        }
      ]
    },
    "lot_size_acres": 97.18
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 123800
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 40505
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 84120
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Partner performance media respond bag sense international in here act across approach thank something.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Take instead name expect hospital whatever can room inside language gun order parent focus customer simply effect also possible cost ask office listen smile use.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Thus short early once own over most keep matter together enough.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Total bank nor leave artist quickly bad place dream tell medical whether trouble trade fund mouth song fund.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Cost these measure radio this like crime its oil mother guess laugh.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-2 General Commercial",
    "permitted_uses": [
      "team",
      "central",
      "instead",
      "produce",
      "want"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Reyes-Jones",
        "lease_start_date": "2023-09-11",
        "lease_end_date": "2032-02-11",
        "monthly_rent": 36804,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Armstrong Group",
        "lease_start_date": "2020-09-19",
        "lease_end_date": "2031-09-07",
        "monthly_rent": 55934,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "English, Bell and Palmer",
        "lease_start_date": "2021-03-14",
        "lease_end_date": "2032-02-25",
        "monthly_rent": 24363,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Miles-Barber",
        "lease_start_date": "2023-04-26",
        "lease_end_date": "2028-01-11",
        "monthly_rent": 57230,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      }
    ]
  }
}