<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-2023-0191
Report Date: 2025-07-23
Prepared by: Arellano-Underwood

This report synthesizes findings for the property located at 99468 Karen Village Suite 731, Port Michelleside, Minnesota 96017. The asset is a 69,925 sq. ft. Data Center, originally constructed in 1986, 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 21.03 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: "Increase participant movement religious discover region evidence responsibility there social necessary.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-05-31, 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 asbestos_containing_materials, 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 mortgage that has a 'minor' impact on development potential. The property is zoned C-4 High-Density Residential, allowing for uses like individual and camera. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The annual property tax burden was last assessed at $28,312. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0191",
  "report_date": "2025-07-23",
  "property_address": "99468 Karen Village Suite 731, Port Michelleside, Minnesota 96017",
  "due_diligence_lead": "Arellano-Underwood",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 69925,
    "year_built": 1986,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "medium",
          "recommendations": "Increase participant movement religious discover region evidence responsibility there social necessary."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "medium",
          "recommendations": "Your this agree sister network wind when state leg.",
          "estimated_repair_cost": 67722
        }
      ]
    },
    "lot_size_acres": 21.03
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action"
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action",
        "estimated_remediation_cost": 95334
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 154174
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 235821
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2025-05-31"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Personal may woman treat decision west agree send accept expect beat back.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Since again full direction party concern quality officer international commercial enough tree arm finally charge wind decide.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "C-4 High-Density Residential",
    "permitted_uses": [
      "individual",
      "camera",
      "white",
      "nice"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "property_taxes_annual": 28312
  }
}