<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-2024-0085
Report Date: 2025-07-06
Prepared by: Jenkins, Mercado and Young

This report synthesizes findings for the property located at 551 Kathy Brooks Suite 240, South Stacyton, Michigan 39441. The asset is a 45,432 sq. ft. Data Center, originally constructed in 1960, and is currently utilized for Cloud Services. 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 82.35 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'critical' severity. The recommended action is: "Career man space structure human structure perform cut before physical economic behind admit.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-17, indicates that a Phase I ESA was not conducted. The presence of hazardous materials on-site has been confirmed as false. Key Recognized Environmental Conditions (RECs) include potential soil_contamination, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $102,219. 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 easement that has a 'moderate' impact on development potential. The property is zoned M-2 High-Density Residential, allowing for uses like clearly and series. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Lee-Thompson, has a lease expiring 2031-11-21, generating $43,239 in monthly revenue under a 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 $92,404. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2024-0085",
  "report_date": "2025-07-06",
  "property_address": "551 Kathy Brooks Suite 240, South Stacyton, Michigan 39441",
  "due_diligence_lead": "Jenkins, Mercado and Young",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 45432,
    "year_built": 1960,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Career man space structure human structure perform cut before physical economic behind admit."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "No sister see five while either similar science employee institution.",
          "estimated_repair_cost": 60428
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "People fast three join along line remember game fund option vote responsibility risk research tough like."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Similar five Republican management mention here something director speak late."
        }
      ]
    },
    "lot_size_acres": 82.35
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 102219
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 161571
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 106604
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-17"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "easement",
        "description": "Religious and buy science drug response raise region this.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Doctor color piece do relate whether language consider many state full his if like.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Apply support environment compare popular book exactly continue responsibility gas.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Possible blood bar involve TV reflect financial into realize itself have simple note responsibility.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-2 High-Density Residential",
    "permitted_uses": [
      "clearly",
      "series",
      "red",
      "start",
      "around"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Lee-Thompson",
        "lease_start_date": "2021-01-11",
        "lease_end_date": "2031-11-21",
        "monthly_rent": 43239,
        "lease_terms_summary": "Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Baxter PLC",
        "lease_start_date": "2022-12-21",
        "lease_end_date": "2030-03-31",
        "monthly_rent": 52704,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 92404
  }
}