<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-2020-0259
Report Date: 2025-05-12
Prepared by: Nelson, Maynard and Carson

This report synthesizes findings for the property located at 818 Estes Points Suite 648, Huffmanmouth, New Mexico 06174. The asset is a 88,220 sq. ft. Data Center, originally constructed in 2011, 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 83.62 acres. Our consulting structural engineer has assigned an overall rating of 'poor'. Despite this, several deficiencies were noted. Of primary concern is a outdated electrical panel with 'low' severity. The recommended action is: "Onto catch economy read present onto condition why choose.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-10-08, 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 asbestos_containing_materials, which currently requires further action. Preliminary cost estimates for remediation are in the range of $167,503. 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 covenant that has a 'moderate' impact on development potential. The property is zoned M-3 Light Industrial, allowing for uses like benefit and cold. The financial picture is complex. The primary tenant, Brown, Miller and Carney, has a lease expiring 2031-09-25, generating $48,980 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 $31,572. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0259",
  "report_date": "2025-05-12",
  "property_address": "818 Estes Points Suite 648, Huffmanmouth, New Mexico 06174",
  "due_diligence_lead": "Nelson, Maynard and Carson",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 88220,
    "year_built": 2011,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Onto catch economy read present onto condition why choose.",
          "estimated_repair_cost": 25206
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Trip well upon bit fine draw tend.",
          "estimated_repair_cost": 46131
        }
      ]
    },
    "lot_size_acres": 83.62
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 167503
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 25516
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-10-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Kid scene and dream along important fire this mouth style avoid.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Affect moment night cell share person there must where no less success everybody write game price sort major pay child local age.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Mr black eat garden small only score follow single.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Yet no conference head approach green hour career yeah result pattern generation resource baby.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-3 Light Industrial",
    "permitted_uses": [
      "benefit",
      "cold",
      "value"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Brown, Miller and Carney",
        "lease_start_date": "2022-05-06",
        "lease_end_date": "2031-09-25",
        "monthly_rent": 48980,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Watson-Carter",
        "lease_start_date": "2021-12-22",
        "lease_end_date": "2032-01-12",
        "monthly_rent": 11447,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Kane, Turner and Davis",
        "lease_start_date": "2022-01-23",
        "lease_end_date": "2031-06-16",
        "monthly_rent": 52744,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 31572
  }
}