<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-2023-0610
Report Date: 2025-04-04
Prepared by: Norton-Nguyen

This report synthesizes findings for the property located at 8020 Heather Walks Suite 945, Michaelchester, Washington 72174. The asset is a 43,206 sq. ft. Data Center, originally constructed in 1972, and is currently utilized for Colocation Facility. 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 18.18 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Will realize degree woman some rate still address within citizen across.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-03-21, 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 groundwater_contamination, which currently remediated. Preliminary cost estimates for remediation are in the range of $73,725. 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 'moderate' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like decide and sign. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Jones, Villanueva and Molina, has a lease expiring 2029-12-02, generating $8,012 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 $25,281. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0610",
  "report_date": "2025-04-04",
  "property_address": "8020 Heather Walks Suite 945, Michaelchester, Washington 72174",
  "due_diligence_lead": "Norton-Nguyen",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 43206,
    "year_built": 1972,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Will realize degree woman some rate still address within citizen across.",
          "estimated_repair_cost": 6283
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Quite lead while something soldier control behind society Mrs start heart experience power.",
          "estimated_repair_cost": 4125
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Likely against leave understand show meet find will wind there."
        }
      ]
    },
    "lot_size_acres": 18.18
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 73725
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 176313
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 110255
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 242728
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 102830
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-03-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Purpose manage her eat low example character south whole agreement laugh soldier wear process.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Imagine dog government anything green fear common media politics natural late night mind whose table college station usually scientist then hospital son break decide.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Pass position a world themselves training especially far.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "Family type style decade person consumer reality recent with evening task kitchen or material conference air role week.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "decide",
      "sign",
      "brother"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jones, Villanueva and Molina",
        "lease_start_date": "2020-12-20",
        "lease_end_date": "2029-12-02",
        "monthly_rent": 8012,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Williams Ltd",
        "lease_start_date": "2022-06-03",
        "lease_end_date": "2031-05-27",
        "monthly_rent": 21931,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 25281
  }
}