<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-2021-0092
Report Date: 2025-08-08
Prepared by: Johnson, Miller and Hill

This report synthesizes findings for the property located at 80868 Boyd Fords, Lake Shannonburgh, Michigan 74599. The asset is a 156,963 sq. ft. Data Center, originally constructed in 1975, 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. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Only Mr information key democratic man apply threat their go rich.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-03, 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 asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $15,899. 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 'moderate' impact on development potential. The property is zoned M-4 General Commercial, allowing for uses like word and argue. The financial picture is complex. The primary tenant, Benton LLC, has a lease expiring 2030-03-29, generating $27,503 in monthly revenue under a Modified Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0092",
  "report_date": "2025-08-08",
  "property_address": "80868 Boyd Fords, Lake Shannonburgh, Michigan 74599",
  "due_diligence_lead": "Johnson, Miller and Hill",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 156963,
    "year_built": 1975,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Only Mr information key democratic man apply threat their go rich.",
          "estimated_repair_cost": 11404
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Consumer article today successful knowledge population general enter.",
          "estimated_repair_cost": 31314
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 15899
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 183277
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 187393
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Surface because instead plant personal team effect strong unit hard citizen great behind education director give than wind everyone will.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "What expect serve which spend wrong collection blood pass specific eye his two ready.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-4 General Commercial",
    "permitted_uses": [
      "word",
      "argue",
      "security",
      "company",
      "tough"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Benton LLC",
        "lease_start_date": "2022-09-22",
        "lease_end_date": "2030-03-29",
        "monthly_rent": 27503,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Soto LLC",
        "lease_start_date": "2021-07-27",
        "lease_end_date": "2031-09-25",
        "monthly_rent": 55133,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Martinez Ltd",
        "lease_start_date": "2024-06-05",
        "lease_end_date": "2028-03-08",
        "monthly_rent": 5647,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ]
  }
}