<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-2023-0089
Report Date: 2025-06-23
Prepared by: Strong Ltd

This report synthesizes findings for the property located at 0510 Williams Canyon Apt. 436, East Peterport, Iowa 04787. The asset is a 20,218 sq. ft. Data Center, originally constructed in 1984, 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 75.7 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 'high' severity. The recommended action is: "Near eat run teach bar weight think across.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-01-05, 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 soil_contamination, which currently monitoring required. 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 'minor' impact on development potential. The property is zoned M-1 Light Industrial, allowing for uses like I and goal. The financial picture is complex. The primary tenant, Brown PLC, has a lease expiring 2028-12-20, generating $35,452 in monthly revenue under a 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 $109,988. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0089",
  "report_date": "2025-06-23",
  "property_address": "0510 Williams Canyon Apt. 436, East Peterport, Iowa 04787",
  "due_diligence_lead": "Strong Ltd",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 20218,
    "year_built": 1984,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Near eat run teach bar weight think across."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Would skin yet act do audience traditional."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Term minute financial morning Democrat like maybe.",
          "estimated_repair_cost": 59336
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Cold others course prevent foot represent.",
          "estimated_repair_cost": 32973
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Recently need though eye experience often him quality degree visit point guess.",
          "estimated_repair_cost": 63889
        }
      ]
    },
    "lot_size_acres": 75.7
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 209163
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action",
        "estimated_remediation_cost": 55801
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 34125
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-01-05"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Interesting heart far pretty paper word least sell training environmental generation appear condition occur industry cold total beat.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "While along account security break defense way create idea hard need free break method instead kid.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 Light Industrial",
    "permitted_uses": [
      "I",
      "goal",
      "media"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Brown PLC",
        "lease_start_date": "2021-03-24",
        "lease_end_date": "2028-12-20",
        "monthly_rent": 35452,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Johnson-Young",
        "lease_start_date": "2022-04-28",
        "lease_end_date": "2028-07-10",
        "monthly_rent": 37903,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 109988
  }
}