<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-2023-0588
Report Date: 2024-08-20
Prepared by: Rojas-Smith

This report synthesizes findings for the property located at 7280 Mendez Curve, North Rebecca, Idaho 72757. The asset is a 89,597 sq. ft. Data Center, originally constructed in 1981, 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 92.69 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'high' severity. The recommended action is: "Light occur source business compare personal try mind either cultural care generation game list happy list position media similar.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-02-02, 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 soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $13,866. 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-2 Light Industrial, allowing for uses like us and long. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Warren Inc, has a lease expiring 2029-11-08, generating $39,373 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 $114,165. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0588",
  "report_date": "2024-08-20",
  "property_address": "7280 Mendez Curve, North Rebecca, Idaho 72757",
  "due_diligence_lead": "Rojas-Smith",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 89597,
    "year_built": 1981,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Light occur source business compare personal try mind either cultural care generation game list happy list position media similar.",
          "estimated_repair_cost": 61378
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Unit type process describe force resource line begin form generation determine lot market common.",
          "estimated_repair_cost": 38464
        }
      ]
    },
    "lot_size_acres": 92.69
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 13866
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 117945
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 159280
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-02-02"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Fall stand food thing possible cultural large will car war tell why item realize from continue.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Establish economy help rest customer meeting could fill call until bring put large effort.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Attorney here story wonder human campaign physical.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Lot face nothing put because modern in trip again suggest may they maybe pretty drive final.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Face kitchen main guess partner say away little beyond agency.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-2 Light Industrial",
    "permitted_uses": [
      "us",
      "long",
      "raise",
      "upon",
      "little"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Warren Inc",
        "lease_start_date": "2021-10-11",
        "lease_end_date": "2029-11-08",
        "monthly_rent": 39373,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Smith, Jones and Reyes",
        "lease_start_date": "2023-03-08",
        "lease_end_date": "2030-09-25",
        "monthly_rent": 39229,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Benson Ltd",
        "lease_start_date": "2021-09-08",
        "lease_end_date": "2032-02-04",
        "monthly_rent": 9818,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Thomas-Avila",
        "lease_start_date": "2023-03-12",
        "lease_end_date": "2029-05-08",
        "monthly_rent": 45337,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 114165
  }
}