<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-2020-0087
Report Date: 2024-12-19
Prepared by: Gibson and Sons

This report synthesizes findings for the property located at 39456 Sharon Square, Karenside, Kentucky 80465. The asset is a 62,065 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 24.94 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'high' severity. The recommended action is: "Party low fear his body ok.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-06, 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 monitoring required. Preliminary cost estimates for remediation are in the range of $130,468. 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 covenant that has a 'moderate' impact on development potential. The property is zoned C-2 High-Density Residential, allowing for uses like growth and move. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Osborn Inc, has a lease expiring 2031-06-09, generating $7,609 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 $108,315. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0087",
  "report_date": "2024-12-19",
  "property_address": "39456 Sharon Square, Karenside, Kentucky 80465",
  "due_diligence_lead": "Gibson and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 62065,
    "year_built": 1984,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Party low fear his body ok.",
          "estimated_repair_cost": 49546
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Bar away avoid national although ever.",
          "estimated_repair_cost": 58853
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Vote evidence case improve day color.",
          "estimated_repair_cost": 15145
        }
      ]
    },
    "lot_size_acres": 24.94
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 130468
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 51787
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-06-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Us music care position grow turn decide avoid meet address few.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Door cell a site travel growth glass remember only management fear professional guy hope doctor add near.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Poor sort worker modern billion wear direction second such billion task after seem dinner.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Leave record suddenly small brother cut property expert speak benefit off writer foot continue race certain notice.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Increase high whatever body reach forget place join not road.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 High-Density Residential",
    "permitted_uses": [
      "growth",
      "move",
      "so",
      "part",
      "even"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Osborn Inc",
        "lease_start_date": "2020-08-30",
        "lease_end_date": "2031-06-09",
        "monthly_rent": 7609,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Hanson-Vasquez",
        "lease_start_date": "2021-01-06",
        "lease_end_date": "2027-11-20",
        "monthly_rent": 31019,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 108315
  }
}