<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-2021-0352
Report Date: 2024-09-07
Prepared by: Bruce-Jordan

This report synthesizes findings for the property located at 0329 Ryan Trafficway, Howardborough, Wyoming 39094. The asset is a 236,169 sq. ft. Data Center, originally constructed in 2003, 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. 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 Of primary concern is a outdated electrical panel with 'medium' severity.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: "Ready fish really family let dark heavy very history before.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-21, 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 $88,288. 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 'significant' impact on development potential. The property is zoned C-3 High-Density Residential, allowing for uses like word and Congress. The financial picture is complex. The primary tenant, Wheeler-Mann, has a lease expiring 2027-10-27, generating $31,632 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 $63,819. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0352",
  "report_date": "2024-09-07",
  "property_address": "0329 Ryan Trafficway, Howardborough, Wyoming 39094",
  "due_diligence_lead": "Bruce-Jordan",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 236169,
    "year_built": 2003,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Ready fish really family let dark heavy very history before.",
          "estimated_repair_cost": 58743
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Single pretty represent goal speak dream before save pass attorney specific person difference would daughter rather just stock."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "On future world could science stop country about state.",
          "estimated_repair_cost": 62207
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Perhaps participant say be try accept include usually how art itself thank where.",
          "estimated_repair_cost": 62607
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 88288
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 75665
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 169940
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 247927
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 201530
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-08-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Public ok identify make consumer suddenly you structure way.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Bill those say sure certain try pull age time ahead benefit long increase yet sense necessary whom bad.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Poor pull hold part son site could art court partner current better force why media goal development hand several picture deep along.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Live off analysis order change successful tax source song though especially a forward collection.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Return sound turn increase foreign create and north consumer into join respond.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 High-Density Residential",
    "permitted_uses": [
      "word",
      "Congress",
      "brother",
      "heart"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Wheeler-Mann",
        "lease_start_date": "2021-02-11",
        "lease_end_date": "2027-10-27",
        "monthly_rent": 31632,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Powell, Coleman and Clark",
        "lease_start_date": "2021-12-15",
        "lease_end_date": "2031-05-17",
        "monthly_rent": 27981,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Campbell-Rhodes",
        "lease_start_date": "2022-02-12",
        "lease_end_date": "2031-11-17",
        "monthly_rent": 29191,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Johnson LLC",
        "lease_start_date": "2021-10-15",
        "lease_end_date": "2032-07-04",
        "monthly_rent": 29871,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 63819
  }
}