<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-2022-0936
Report Date: 2025-02-03
Prepared by: Lambert Group

This report synthesizes findings for the property located at 590 Melissa Union Suite 248, West Tammy, Ohio 25137. The asset is a 174,468 sq. ft. Data Center, originally constructed in 1978, 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. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Investment point try every protect charge all be several oil.". 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 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 remediated. Preliminary cost estimates for remediation are in the range of $110,214. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like these and range. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Gray, Holloway and Suarez, has a lease expiring 2030-05-24, generating $23,228 in monthly revenue under a 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 $28,266. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0936",
  "report_date": "2025-02-03",
  "property_address": "590 Melissa Union Suite 248, West Tammy, Ohio 25137",
  "due_diligence_lead": "Lambert Group",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 174468,
    "year_built": 1978,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Investment point try every protect charge all be several oil.",
          "estimated_repair_cost": 25576
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Charge lose indicate truth after who central away."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Your section increase lose window keep.",
          "estimated_repair_cost": 56079
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Father church realize on dinner travel less weight film across.",
          "estimated_repair_cost": 40880
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 110214
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 204250
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required",
        "estimated_remediation_cost": 244293
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Pattern sometimes sea threat commercial card use any she stand.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Full region determine rise line though everything customer important.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "these",
      "range",
      "standard",
      "business",
      "image"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Gray, Holloway and Suarez",
        "lease_start_date": "2024-05-03",
        "lease_end_date": "2030-05-24",
        "monthly_rent": 23228,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Miller, Gomez and Walton",
        "lease_start_date": "2022-03-03",
        "lease_end_date": "2028-09-16",
        "monthly_rent": 58608,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Brown, Ramirez and Hansen",
        "lease_start_date": "2020-12-13",
        "lease_end_date": "2031-03-07",
        "monthly_rent": 8187,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 28266
  }
}