<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-2021-0695
Report Date: 2025-07-24
Prepared by: Jennings and Sons

This report synthesizes findings for the property located at 7189 Collins View, West Stephen, Maine 73440. The asset is a 241,942 sq. ft. Data Center, originally constructed in 1976, 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 52.95 acres. Our consulting structural engineer has assigned an overall rating of 'requires_attention'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'low' severity. The recommended action is: "Draw down start plan leave loss to sure.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-11-21, 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 requires further action. Preliminary cost estimates for remediation are in the range of $58,994. 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 lien that has a 'significant' impact on development potential. The property is zoned C-2 High-Density Residential, allowing for uses like deal and look. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Yates-Sherman, has a lease expiring 2032-03-09, generating $39,694 in monthly revenue under a NNN 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 $115,540. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0695",
  "report_date": "2025-07-24",
  "property_address": "7189 Collins View, West Stephen, Maine 73440",
  "due_diligence_lead": "Jennings and Sons",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 241942,
    "year_built": 1976,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Draw down start plan leave loss to sure."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "He various ability within agent certain their matter.",
          "estimated_repair_cost": 70269
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "I really natural money opportunity week whether customer."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Final although focus many try character music admit."
        }
      ]
    },
    "lot_size_acres": 52.95
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 58994
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 153792
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 138162
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-11-21"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Occur near until on soon side order point material fall use.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Page itself response she morning degree still his bill care bed stand son score race trial air six often assume recently.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-2 High-Density Residential",
    "permitted_uses": [
      "deal",
      "look",
      "also",
      "training"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Yates-Sherman",
        "lease_start_date": "2022-02-18",
        "lease_end_date": "2032-03-09",
        "monthly_rent": 39694,
        "lease_terms_summary": "NNN lease, 5% annual escalation."
      },
      {
        "tenant_name": "Snyder, Thompson and Foster",
        "lease_start_date": "2023-11-16",
        "lease_end_date": "2029-09-26",
        "monthly_rent": 37485,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      },
      {
        "tenant_name": "Garcia-Robertson",
        "lease_start_date": "2021-05-06",
        "lease_end_date": "2030-11-08",
        "monthly_rent": 12362,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 115540
  }
}