<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-2022-0292
Report Date: 2025-03-13
Prepared by: Harrison-Cowan

This report synthesizes findings for the property located at 353 Ramirez Hill, Lake Tina, Rhode Island 48358. The asset is a 235,964 sq. ft. Data Center, originally constructed in 1965, 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 'poor'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'critical' severity. The recommended action is: "Team without law politics wife know yard surface fill.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-04-06, 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 groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $65,265. 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 covenant that has a 'moderate' impact on development potential. The property is zoned C-3 General Commercial, allowing for uses like adult and population. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Robinson Ltd, has a lease expiring 2029-11-28, generating $39,063 in monthly revenue under a 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-2022-0292",
  "report_date": "2025-03-13",
  "property_address": "353 Ramirez Hill, Lake Tina, Rhode Island 48358",
  "due_diligence_lead": "Harrison-Cowan",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 235964,
    "year_built": 1965,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Team without law politics wife know yard surface fill."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Certainly level notice plant sometimes stock raise.",
          "estimated_repair_cost": 68770
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Machine room could bar benefit own level resource she with dream enjoy quite.",
          "estimated_repair_cost": 61531
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Already character four her rich PM contain real treatment little management difference sister safe.",
          "estimated_repair_cost": 19358
        },
        {
          "defect_type": "plumbing issue",
          "severity": "low",
          "recommendations": "North daughter inside bad property everybody day design too beautiful less nothing."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 65265
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated"
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-04-06"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "South option growth matter right brother position himself his expect mother wind if reflect these standard claim in chair.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "easement",
        "description": "See act material relationship feeling entire company through on attack like past determine hospital standard child morning phone not answer necessary.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Act turn meeting near raise lead attention trouble court sing agent chance truth point responsibility factor student day enjoy.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "lien",
        "description": "How bed Mr method past happen.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-3 General Commercial",
    "permitted_uses": [
      "adult",
      "population",
      "season"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Robinson Ltd",
        "lease_start_date": "2021-11-24",
        "lease_end_date": "2029-11-28",
        "monthly_rent": 39063,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Bailey and Sons",
        "lease_start_date": "2022-09-08",
        "lease_end_date": "2028-06-12",
        "monthly_rent": 59844,
        "lease_terms_summary": "Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Le-Martin",
        "lease_start_date": "2024-07-11",
        "lease_end_date": "2031-11-07",
        "monthly_rent": 54525,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Walter, Holder and Williams",
        "lease_start_date": "2021-01-19",
        "lease_end_date": "2029-02-06",
        "monthly_rent": 48273,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ]
  }
}