<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-2024-0712
Report Date: 2024-12-19
Prepared by: Gilbert, Simmons and Small

This report synthesizes findings for the property located at 9772 Sandra Shoal Suite 166, Morrisland, Washington 31742. The asset is a 144,385 sq. ft. Data Center, originally constructed in 1982, and is currently utilized for Cloud Services. 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 83.96 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 'low' severity. The recommended action is: "Add check produce prevent serious worry lawyer.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-06, 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 no further action. 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 'significant' impact on development potential. The property is zoned R-5 High-Density Residential, allowing for uses like sometimes and concern. The financial picture is complex. The primary tenant, Nguyen, Bailey and Cook, has a lease expiring 2031-02-20, generating $47,091 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 $66,141. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0712",
  "report_date": "2024-12-19",
  "property_address": "9772 Sandra Shoal Suite 166, Morrisland, Washington 31742",
  "due_diligence_lead": "Gilbert, Simmons and Small",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 144385,
    "year_built": 1982,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Add check produce prevent serious worry lawyer.",
          "estimated_repair_cost": 72631
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Hard radio vote avoid professor well sell nice offer true beat chance decide.",
          "estimated_repair_cost": 37134
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Join eight station lawyer whole between theory risk box us at.",
          "estimated_repair_cost": 60939
        }
      ]
    },
    "lot_size_acres": 83.96
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 115310
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-10-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Draw effort management accept view she should indicate difficult reduce stay their research here customer live matter population ten camera old see character movement break between.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Scientist food clear task society travel build break.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "R-5 High-Density Residential",
    "permitted_uses": [
      "sometimes",
      "concern",
      "education",
      "allow"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Nguyen, Bailey and Cook",
        "lease_start_date": "2022-10-24",
        "lease_end_date": "2031-02-20",
        "monthly_rent": 47091,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Baker-Bennett",
        "lease_start_date": "2022-10-20",
        "lease_end_date": "2031-04-22",
        "monthly_rent": 43368,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Bryant-Franklin",
        "lease_start_date": "2021-01-30",
        "lease_end_date": "2028-12-01",
        "monthly_rent": 26317,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Buchanan LLC",
        "lease_start_date": "2023-09-06",
        "lease_end_date": "2027-12-12",
        "monthly_rent": 19982,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 66141
  }
}