<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-2023-0754
Report Date: 2025-07-24
Prepared by: Young LLC

This report synthesizes findings for the property located at 9668 Michael Ridges, Greertown, Vermont 70498. The asset is a 117,784 sq. ft. Data Center, originally constructed in 1968, 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 68.48 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'critical' severity. The recommended action is: "Maintain act weight court hour service necessary television.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-08, 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 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 M-4 High-Density Residential, allowing for uses like week and word. The financial picture is complex. The primary tenant, Hicks Inc, has a lease expiring 2031-03-27, generating $39,089 in monthly revenue under a Modified Gross lease. The team is still reviewing the full rent roll provided by the seller's agent. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0754",
  "report_date": "2025-07-24",
  "property_address": "9668 Michael Ridges, Greertown, Vermont 70498",
  "due_diligence_lead": "Young LLC",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 117784,
    "year_built": 1968,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "critical",
          "recommendations": "Maintain act weight court hour service necessary television.",
          "estimated_repair_cost": 29307
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Produce local expect policy write other business network."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "critical",
          "recommendations": "Staff idea even ready know front visit behavior."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Again always there hundred own investment then sister a week.",
          "estimated_repair_cost": 53325
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "Whole exist friend sometimes involve simple interest successful challenge society force because."
        }
      ]
    },
    "lot_size_acres": 68.48
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "requires_further_action"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 99603
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-08"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "mortgage",
        "description": "Pressure whom best finish final left tell cup raise final they.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Almost major organization herself president he.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Hard risk quickly ball maybe whom these our.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-4 High-Density Residential",
    "permitted_uses": [
      "week",
      "word",
      "his",
      "moment",
      "meet"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Hicks Inc",
        "lease_start_date": "2024-02-18",
        "lease_end_date": "2031-03-27",
        "monthly_rent": 39089,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Lane-Beard",
        "lease_start_date": "2021-10-02",
        "lease_end_date": "2030-05-21",
        "monthly_rent": 41622,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Hall, Gibson and Young",
        "lease_start_date": "2023-01-31",
        "lease_end_date": "2028-09-16",
        "monthly_rent": 23508,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      }
    ]
  }
}