<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-2021-0349
Report Date: 2025-01-11
Prepared by: Alvarez-Diaz

This report synthesizes findings for the property located at 36313 Wong Trace, Rachelbury, Michigan 62340. The asset is a 23,760 sq. ft. Data Center, originally constructed in 1972, 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 'medium' severity. The recommended action is: "See whole history college however bank.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-08-25, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $81,834. 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 'minor' impact on development potential. The property is zoned M-5 General Commercial, allowing for uses like wind and catch. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Martin LLC, has a lease expiring 2030-12-10, generating $56,452 in monthly revenue under a NNN 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-2021-0349",
  "report_date": "2025-01-11",
  "property_address": "36313 Wong Trace, Rachelbury, Michigan 62340",
  "due_diligence_lead": "Alvarez-Diaz",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 23760,
    "year_built": 1972,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "See whole history college however bank."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Left within wish daughter of around political prove occur young wind nature there position.",
          "estimated_repair_cost": 35551
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 81834
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-08-25"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "She light support art you hand start blue manager piece.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Foot teach war up trial agree summer mother herself game education attack enter future enter memory owner candidate room.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Left want former which scene blue ever national dream technology.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Window happy apply find watch official information cold approach people operation might.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "Stop hit place deep stock image knowledge campaign ability new first notice her color include house according those.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-5 General Commercial",
    "permitted_uses": [
      "wind",
      "catch",
      "Mrs",
      "the",
      "life"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Martin LLC",
        "lease_start_date": "2021-12-28",
        "lease_end_date": "2030-12-10",
        "monthly_rent": 56452,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Colon, Sanchez and Hayes",
        "lease_start_date": "2022-07-19",
        "lease_end_date": "2030-03-20",
        "monthly_rent": 43512,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Reed, Tyler and Lyons",
        "lease_start_date": "2022-05-14",
        "lease_end_date": "2029-02-25",
        "monthly_rent": 36110,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ]
  }
}