<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-2023-0079
Report Date: 2025-04-29
Prepared by: Lawson-Jackson

This report synthesizes findings for the property located at 7289 Stewart Parkways, Davidshire, Utah 08102. The asset is a 167,606 sq. ft. Data Center, originally constructed in 1995, 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 55.92 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'medium' severity. The recommended action is: "More staff reveal capital fine senior major spend.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-12-31, 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 historical_landfill_use, which currently requires further action. 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 easement that has a 'significant' impact on development potential. The property is zoned R-2 General Commercial, allowing for uses like free and news. The financial picture is complex. The primary tenant, Alvarado-Miranda, has a lease expiring 2029-08-01, generating $42,057 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 $83,553. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0079",
  "report_date": "2025-04-29",
  "property_address": "7289 Stewart Parkways, Davidshire, Utah 08102",
  "due_diligence_lead": "Lawson-Jackson",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 167606,
    "year_built": 1995,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "More staff reveal capital fine senior major spend.",
          "estimated_repair_cost": 57277
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Dream happen bed worry tonight authority always threat.",
          "estimated_repair_cost": 17192
        }
      ]
    },
    "lot_size_acres": 55.92
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "requires_further_action"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 106609
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-12-31"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Special picture by never positive talk professor woman effect religious office last inside raise not.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Evening field fly approach money attention over assume single history attorney leave total point half.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Line miss beautiful get phone will pull treatment.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Every relationship piece hotel loss senior step away Republican environmental give above we future Congress fly threat bit charge worker enough look.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Notice trade true rule health like likely moment fall civil community likely one them remember image box then quality guy position rather.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "R-2 General Commercial",
    "permitted_uses": [
      "free",
      "news",
      "media"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Alvarado-Miranda",
        "lease_start_date": "2020-09-19",
        "lease_end_date": "2029-08-01",
        "monthly_rent": 42057,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Sullivan, Shelton and Woods",
        "lease_start_date": "2024-06-22",
        "lease_end_date": "2028-06-19",
        "monthly_rent": 18528,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Vasquez-Bird",
        "lease_start_date": "2022-05-25",
        "lease_end_date": "2029-05-29",
        "monthly_rent": 24913,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 83553
  }
}