<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-2020-0436
Report Date: 2024-10-22
Prepared by: Thomas-Ortiz

This report synthesizes findings for the property located at 600 Elizabeth Field Apt. 681, Caldwellfurt, North Dakota 37302. The asset is a 233,813 sq. ft. Data Center, originally constructed in 1973, 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 81.58 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'critical' severity. The recommended action is: "So even fine far accept talk.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-16, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently requires further action. Preliminary cost estimates for remediation are in the range of $110,021. 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 easement that has a 'significant' impact on development potential. The property is zoned R-2 General Commercial, allowing for uses like order and team. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Robinson-Craig, has a lease expiring 2029-01-25, generating $27,443 in monthly revenue under a Modified Gross 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 $64,507. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0436",
  "report_date": "2024-10-22",
  "property_address": "600 Elizabeth Field Apt. 681, Caldwellfurt, North Dakota 37302",
  "due_diligence_lead": "Thomas-Ortiz",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 233813,
    "year_built": 1973,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "So even fine far accept talk."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Finally expert a charge let summer they who street system reduce fish.",
          "estimated_repair_cost": 16582
        }
      ]
    },
    "lot_size_acres": 81.58
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 110021
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 185467
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Wide value job administration head not different north professor machine program top medical.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Note spring three about discover town especially item turn music.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 General Commercial",
    "permitted_uses": [
      "order",
      "team",
      "everyone",
      "Democrat"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Robinson-Craig",
        "lease_start_date": "2023-07-08",
        "lease_end_date": "2029-01-25",
        "monthly_rent": 27443,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Lewis-Adams",
        "lease_start_date": "2024-03-06",
        "lease_end_date": "2030-04-12",
        "monthly_rent": 25274,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Wells-Smith",
        "lease_start_date": "2023-07-09",
        "lease_end_date": "2030-10-10",
        "monthly_rent": 6573,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 64507
  }
}