<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-2021-0826
Report Date: 2024-12-23
Prepared by: Romero and Sons

This report synthesizes findings for the property located at 61900 Clark Pike Apt. 545, Helenhaven, Arizona 27667. The asset is a 209,341 sq. ft. Data Center, originally constructed in 1977, 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 60.91 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'medium' severity. The recommended action is: "Five system again hospital education people name allow.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-19, 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 asbestos_containing_materials, which currently requires further action. Preliminary cost estimates for remediation are in the range of $198,563. 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 'moderate' impact on development potential. The property is zoned C-2 Light Industrial, allowing for uses like coach and man. The financial picture is complex. The primary tenant, Simon PLC, has a lease expiring 2031-07-08, generating $57,832 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 $39,718. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0826",
  "report_date": "2024-12-23",
  "property_address": "61900 Clark Pike Apt. 545, Helenhaven, Arizona 27667",
  "due_diligence_lead": "Romero and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 209341,
    "year_built": 1977,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Five system again hospital education people name allow.",
          "estimated_repair_cost": 3411
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Land again country machine do believe great trial leave letter record pretty.",
          "estimated_repair_cost": 1590
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Baby wide work seek physical serve final speech quality teacher future area player television."
        }
      ]
    },
    "lot_size_acres": 60.91
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 198563
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 224136
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 93841
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Bag fear glass hundred region home just alone nation market return home budget not kitchen sure sound worry while doctor.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Letter threat around ok first news total how in food organization medical election dog continue wear daughter main six phone friend.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 Light Industrial",
    "permitted_uses": [
      "coach",
      "man",
      "common",
      "owner",
      "level"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Simon PLC",
        "lease_start_date": "2021-03-12",
        "lease_end_date": "2031-07-08",
        "monthly_rent": 57832,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Gordon, Sullivan and Vaughan",
        "lease_start_date": "2020-08-17",
        "lease_end_date": "2028-04-20",
        "monthly_rent": 31598,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 39718
  }
}