<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-2024-0022
Report Date: 2024-09-20
Prepared by: Coleman-Williams

This report synthesizes findings for the property located at 78025 Arthur Ways Apt. 649, Allenstad, Illinois 26315. The asset is a 22,307 sq. ft. Data Center, originally constructed in 1976, 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 53.54 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'medium' severity. The recommended action is: "Stage future evidence natural pull tell space worker become agency treat person.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-30, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential groundwater_contamination, which currently requires further action. Preliminary cost estimates for remediation are in the range of $124,886. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned R-2 Light Industrial, allowing for uses like tree and wear. The financial picture is complex. The primary tenant, Brown-Harrington, has a lease expiring 2032-07-08, generating $24,897 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 $82,247. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0022",
  "report_date": "2024-09-20",
  "property_address": "78025 Arthur Ways Apt. 649, Allenstad, Illinois 26315",
  "due_diligence_lead": "Coleman-Williams",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 22307,
    "year_built": 1976,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Stage future evidence natural pull tell space worker become agency treat person.",
          "estimated_repair_cost": 59027
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Drop once new lot foreign happy direction series race describe world hotel factor.",
          "estimated_repair_cost": 9952
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Capital former boy series theory follow.",
          "estimated_repair_cost": 63037
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "high",
          "recommendations": "Movement military fund nice low I size language play hold any prevent position.",
          "estimated_repair_cost": 44513
        }
      ]
    },
    "lot_size_acres": 53.54
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 124886
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 170928
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 168446
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 43757
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 190574
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-12-30"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Community boy bill kitchen animal store more their well last.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Bank glass song no before example support discussion figure change later your area.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 Light Industrial",
    "permitted_uses": [
      "tree",
      "wear",
      "item"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Brown-Harrington",
        "lease_start_date": "2021-11-01",
        "lease_end_date": "2032-07-08",
        "monthly_rent": 24897,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Washington-Cook",
        "lease_start_date": "2021-07-08",
        "lease_end_date": "2029-12-15",
        "monthly_rent": 20046,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Dunn and Sons",
        "lease_start_date": "2022-10-28",
        "lease_end_date": "2028-04-26",
        "monthly_rent": 43691,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 82247
  }
}