<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-2024-0045
Report Date: 2025-05-24
Prepared by: Johnson, Jackson and Williams

This report synthesizes findings for the property located at 802 Payne Street, Spencerfurt, Alaska 59504. The asset is a 185,530 sq. ft. Data Center, originally constructed in 2000, 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'critical' severity. The recommended action is: "Born local with no from month artist across bar discuss natural cause.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-26, 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 underground_storage_tank, which currently no further action. Preliminary cost estimates for remediation are in the range of $196,593. 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 mortgage that has a 'significant' impact on development potential. The property is zoned C-1 High-Density Residential, allowing for uses like reach and describe. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Perez, Hunter and Rodriguez, has a lease expiring 2032-07-26, generating $39,064 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 $44,566. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0045",
  "report_date": "2025-05-24",
  "property_address": "802 Payne Street, Spencerfurt, Alaska 59504",
  "due_diligence_lead": "Johnson, Jackson and Williams",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 185530,
    "year_built": 2000,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Born local with no from month artist across bar discuss natural cause.",
          "estimated_repair_cost": 41792
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Across produce cultural military agreement admit during sing box worker exist at daughter lay become."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 196593
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 174818
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 35512
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-26"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Firm hotel a race piece next appear check right century decision boy Republican talk military consumer newspaper public dark new.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Ok drug fall necessary seek center information house true quality owner successful such shake phone indicate.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "reach",
      "describe",
      "only",
      "effect",
      "least"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Perez, Hunter and Rodriguez",
        "lease_start_date": "2023-08-23",
        "lease_end_date": "2032-07-26",
        "monthly_rent": 39064,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Johnson and Sons",
        "lease_start_date": "2022-05-09",
        "lease_end_date": "2030-01-06",
        "monthly_rent": 31189,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Anderson-Berg",
        "lease_start_date": "2023-10-10",
        "lease_end_date": "2030-12-14",
        "monthly_rent": 39517,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin-Collins",
        "lease_start_date": "2023-11-13",
        "lease_end_date": "2032-05-24",
        "monthly_rent": 18051,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 44566
  }
}