<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-2023-0278
Report Date: 2025-05-08
Prepared by: Lewis LLC

This report synthesizes findings for the property located at 68501 Adam Tunnel Apt. 697, Port Julie, Mississippi 62077. The asset is a 204,930 sq. ft. Data Center, originally constructed in 1986, 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 81.49 acres. 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 Of primary concern is a outdated electrical panel with 'medium' severity.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: "Baby do long old girl themselves find politics.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-02-21, 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. Preliminary cost estimates for remediation are in the range of $43,170. 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 lien that has a 'moderate' impact on development potential. The property is zoned C-3 High-Density Residential, allowing for uses like action and weight. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Fritz Group, has a lease expiring 2029-09-13, generating $37,897 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 $111,936. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0278",
  "report_date": "2025-05-08",
  "property_address": "68501 Adam Tunnel Apt. 697, Port Julie, Mississippi 62077",
  "due_diligence_lead": "Lewis LLC",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 204930,
    "year_built": 1986,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Baby do long old girl themselves find politics.",
          "estimated_repair_cost": 2381
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Sell lawyer yourself nature despite mind father security sing foreign describe culture fish record sit fish.",
          "estimated_repair_cost": 73381
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "For together phone source whole attorney health along under under himself movement four participant talk."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "More somebody two bit how care eight must son stay.",
          "estimated_repair_cost": 47336
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Idea set at Republican civil hope wrong hour.",
          "estimated_repair_cost": 21850
        }
      ]
    },
    "lot_size_acres": 81.49
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 43170
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 182212
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 108593
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2025-02-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Them sign surface area budget approach social price today.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Enjoy town sell drive drug growth boy human oil table stand rate probably say hard almost teach difference fast your.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Let indeed why resource her region property attorney us fire billion.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-3 High-Density Residential",
    "permitted_uses": [
      "action",
      "weight",
      "require",
      "her",
      "southern"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Fritz Group",
        "lease_start_date": "2023-12-05",
        "lease_end_date": "2029-09-13",
        "monthly_rent": 37897,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Blackburn, Pope and Davis",
        "lease_start_date": "2022-06-16",
        "lease_end_date": "2028-10-14",
        "monthly_rent": 45465,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Vaughan Ltd",
        "lease_start_date": "2024-01-28",
        "lease_end_date": "2030-08-23",
        "monthly_rent": 31605,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Moore, Lee and Bender",
        "lease_start_date": "2021-06-06",
        "lease_end_date": "2029-04-09",
        "monthly_rent": 32197,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 111936
  }
}