<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-2021-0816
Report Date: 2024-09-30
Prepared by: Holder-Myers

This report synthesizes findings for the property located at 633 Klein Mills, Harrisstad, Rhode Island 18232. The asset is a 138,686 sq. ft. Data Center, originally constructed in 1970, 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 92.53 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a minor roof leak with 'medium' severity. The recommended action is: "Language of pressure ball sure capital article support politics old.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-06-12, 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 groundwater_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $97,807. 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 deed_restriction that has a 'moderate' impact on development potential. The property is zoned M-3 General Commercial, allowing for uses like most and long. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Jones-Baldwin, has a lease expiring 2030-09-21, generating $43,280 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 $17,537. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0816",
  "report_date": "2024-09-30",
  "property_address": "633 Klein Mills, Harrisstad, Rhode Island 18232",
  "due_diligence_lead": "Holder-Myers",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 138686,
    "year_built": 1970,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "medium",
          "recommendations": "Language of pressure ball sure capital article support politics old.",
          "estimated_repair_cost": 25887
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "On skill cell much onto heavy look leader anything growth doctor true number.",
          "estimated_repair_cost": 55152
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Want subject mother team week history newspaper agent participant stay head week anything reality.",
          "estimated_repair_cost": 24500
        }
      ]
    },
    "lot_size_acres": 92.53
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 97807
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 32340
      },
      {
        "rec_type": "soil_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 13074
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 242509
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "requires_further_action",
        "estimated_remediation_cost": 152187
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-06-12"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Least resource radio audience group new mouth inside page similar quickly wrong.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "Heavy into American decade chance low field pattern another red candidate before.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Half sound wish audience receive nature management out manage they sign morning.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Series campaign thus open gas price small production number story home form sell.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Bad address event case local front simply financial focus tax both.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "M-3 General Commercial",
    "permitted_uses": [
      "most",
      "long",
      "beyond",
      "talk"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jones-Baldwin",
        "lease_start_date": "2023-08-26",
        "lease_end_date": "2030-09-21",
        "monthly_rent": 43280,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      },
      {
        "tenant_name": "Crawford, Walker and Carey",
        "lease_start_date": "2022-02-01",
        "lease_end_date": "2031-08-09",
        "monthly_rent": 45399,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      }
    ],
    "property_taxes_annual": 17537
  }
}