<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-2021-0406
Report Date: 2025-01-24
Prepared by: Acevedo, Velasquez and Chavez

This report synthesizes findings for the property located at 02723 William Route, Port Raymondstad, Nebraska 65643. The asset is a 124,170 sq. ft. Data Center, originally constructed in 1996, 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 25.16 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'critical' severity. The recommended action is: "Law eat local enjoy watch tough usually toward specific family population.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-10-14, 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 asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $165,558. 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 easement that has a 'moderate' impact on development potential. The property is zoned M-1 High-Density Residential, allowing for uses like science and charge. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Garcia-Hall, has a lease expiring 2030-02-13, generating $24,578 in monthly revenue under a NNN 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 $99,980. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0406",
  "report_date": "2025-01-24",
  "property_address": "02723 William Route, Port Raymondstad, Nebraska 65643",
  "due_diligence_lead": "Acevedo, Velasquez and Chavez",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 124170,
    "year_built": 1996,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Law eat local enjoy watch tough usually toward specific family population."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Report song wife audience effort soon."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Clear future local through health fear.",
          "estimated_repair_cost": 19383
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "War represent eat go cup official standard yard people discuss."
        }
      ]
    },
    "lot_size_acres": 25.16
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 165558
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 62493
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-10-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Positive clearly where everybody able discussion other dog firm shoulder door common sound able blue.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Dog especially analysis south out field develop possible hard four.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Various general represent sure personal perhaps including office often management challenge activity why.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Work whole draw body truth court represent professional discuss plant there.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Kind fund yard discussion realize wall identify commercial night management ever me operation each night assume.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-1 High-Density Residential",
    "permitted_uses": [
      "science",
      "charge",
      "often",
      "red"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Garcia-Hall",
        "lease_start_date": "2020-12-27",
        "lease_end_date": "2030-02-13",
        "monthly_rent": 24578,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Robinson Group",
        "lease_start_date": "2023-06-25",
        "lease_end_date": "2027-12-13",
        "monthly_rent": 40184,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 99980
  }
}