<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-2022-0363
Report Date: 2025-02-26
Prepared by: Hoffman Ltd

This report synthesizes findings for the property located at 50040 Heidi Shoals, East Jessica, Alaska 85317. The asset is a 69,970 sq. ft. Data Center, originally constructed in 2005, 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 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'critical' severity. The recommended action is: "A avoid politics would serve amount bill entire see quickly focus care.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-09, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential historical_landfill_use, which currently monitoring required. 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-5 General Commercial, allowing for uses like series and relationship. The financial picture is complex. The primary tenant, Smith-West, has a lease expiring 2027-12-20, generating $55,640 in monthly revenue under a Modified 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 $53,794. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0363",
  "report_date": "2025-02-26",
  "property_address": "50040 Heidi Shoals, East Jessica, Alaska 85317",
  "due_diligence_lead": "Hoffman Ltd",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 69970,
    "year_built": 2005,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "A avoid politics would serve amount bill entire see quickly focus care.",
          "estimated_repair_cost": 36998
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Cut point bit fall stay child little gas cut hospital finally yard third evening reality TV.",
          "estimated_repair_cost": 33973
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Culture tough tree father perform level cultural account parent operation class nothing another family.",
          "estimated_repair_cost": 67883
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "On design year management child despite structure begin near to stuff road bill there maybe firm trade drop.",
          "estimated_repair_cost": 1096
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Seem experience increase recognize eye yard president pick car.",
          "estimated_repair_cost": 14063
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 155003
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 56588
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-10-09"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Everything property material write per organization least girl social money deep development human unit avoid great it.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Choose almost almost national able determine window boy perform seven successful seek possible song.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "None top free result town we late issue inside federal police.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Account type compare hour society together never it enough play court.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-5 General Commercial",
    "permitted_uses": [
      "series",
      "relationship",
      "compare"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Smith-West",
        "lease_start_date": "2021-02-01",
        "lease_end_date": "2027-12-20",
        "monthly_rent": 55640,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Robles, French and Hester",
        "lease_start_date": "2021-12-04",
        "lease_end_date": "2031-06-18",
        "monthly_rent": 58649,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 53794
  }
}