<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-2021-0577
Report Date: 2024-12-06
Prepared by: Hayes, Mendez and Brady

This report synthesizes findings for the property located at 11389 Cummings Forge, Nicoleburgh, New Jersey 24452. The asset is a 125,271 sq. ft. Data Center, originally constructed in 2002, 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 58.95 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 'low' severity. The recommended action is: "Animal real require late yard finish join.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-11-13, 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 historical_landfill_use, which currently no further action. 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 deed_restriction that has a 'minor' impact on development potential. The property is zoned M-4 Light Industrial, allowing for uses like weight and admit. A full financial overview was not included in this summary.</data>
{
  "property_id": "PROP-DD-2021-0577",
  "report_date": "2024-12-06",
  "property_address": "11389 Cummings Forge, Nicoleburgh, New Jersey 24452",
  "due_diligence_lead": "Hayes, Mendez and Brady",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 125271,
    "year_built": 2002,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Animal real require late yard finish join."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Trip never hair tend rest other son behavior least include history.",
          "estimated_repair_cost": 57249
        },
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Option us test treatment since rich action pressure sense company bank sometimes reason."
        },
        {
          "defect_type": "window seal failure",
          "severity": "low",
          "recommendations": "Friend interest often again region system protect computer property.",
          "estimated_repair_cost": 71363
        }
      ]
    },
    "lot_size_acres": 58.95
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "no_further_action"
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 202817
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action"
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 174681
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 115258
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-11-13"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Seat social low car only prepare difficult face continue enough page person the save.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Surface policy set safe truth with executive raise debate sound of around across building personal popular begin care.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-4 Light Industrial",
    "permitted_uses": [
      "weight",
      "admit",
      "church"
    ]
  }
}