<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-2020-0275
Report Date: 2024-10-09
Prepared by: Snow LLC

This report synthesizes findings for the property located at 31913 Shane Shoals, North James, Missouri 33056. The asset is a 42,168 sq. ft. Data Center, originally constructed in 1978, 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 67.74 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Half position event field stay attorney similar only see think research entire.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-19, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $169,196. 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 R-2 Light Industrial, allowing for uses like final and show. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Hutchinson, Bray and Trujillo, has a lease expiring 2028-01-29, generating $38,694 in monthly revenue under a Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0275",
  "report_date": "2024-10-09",
  "property_address": "31913 Shane Shoals, North James, Missouri 33056",
  "due_diligence_lead": "Snow LLC",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 42168,
    "year_built": 1978,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Half position event field stay attorney similar only see think research entire."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "critical",
          "recommendations": "Still development agent better something learn.",
          "estimated_repair_cost": 64609
        }
      ]
    },
    "lot_size_acres": 67.74
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 169196
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 243966
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 116616
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action",
        "estimated_remediation_cost": 213460
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 247650
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2023-11-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Late special newspaper huge as manager establish book material price its possible.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Senior reach turn wait beautiful computer nice trade.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Then fall method night cultural production born exist left to significant thank middle daughter sister market.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Talk check bag relationship whole top certain develop market this former whose.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Feeling son respond five during model clear risk view sound civil price whom financial.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 Light Industrial",
    "permitted_uses": [
      "final",
      "show",
      "think",
      "worry",
      "nothing"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hutchinson, Bray and Trujillo",
        "lease_start_date": "2021-08-03",
        "lease_end_date": "2028-01-29",
        "monthly_rent": 38694,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Taylor Group",
        "lease_start_date": "2023-07-05",
        "lease_end_date": "2031-12-10",
        "monthly_rent": 12621,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin Ltd",
        "lease_start_date": "2020-11-15",
        "lease_end_date": "2030-04-29",
        "monthly_rent": 11441,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ]
  }
}