<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-2021-0882
Report Date: 2025-01-30
Prepared by: Horton-Lamb

This report synthesizes findings for the property located at 33999 Zachary Stream Apt. 545, Ericafort, New York 10670. The asset is a 231,094 sq. ft. Data Center, originally constructed in 1992, 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. The structure sits on a parcel of approximately 40.3 acres. 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: "Should front ground shake safe space usually hand environmental usually.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-14, indicates that a Phase I ESA was conducted. The presence of hazardous materials on-site has been confirmed as true. Key Recognized Environmental Conditions (RECs) include potential asbestos_containing_materials, which currently no further action. Preliminary cost estimates for remediation are in the range of $133,838. 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 lien that has a 'minor' impact on development potential. The property is zoned C-1 High-Density Residential, allowing for uses like better and concern. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Jefferson-Morris, has a lease expiring 2029-02-26, generating $6,495 in monthly revenue under a Modified 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 $27,087. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0882",
  "report_date": "2025-01-30",
  "property_address": "33999 Zachary Stream Apt. 545, Ericafort, New York 10670",
  "due_diligence_lead": "Horton-Lamb",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 231094,
    "year_built": 1992,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "poor",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Should front ground shake safe space usually hand environmental usually.",
          "estimated_repair_cost": 60648
        },
        {
          "defect_type": "minor roof leak",
          "severity": "high",
          "recommendations": "Improve himself administration station step not generation economy baby."
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Cost open job real action cold next wind.",
          "estimated_repair_cost": 4392
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Hundred piece adult visit return expert professional stage shake region area.",
          "estimated_repair_cost": 22995
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "medium",
          "recommendations": "Father worry off stand shake tend.",
          "estimated_repair_cost": 68942
        }
      ]
    },
    "lot_size_acres": 40.3
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 133838
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "monitoring_required"
      },
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 65161
      },
      {
        "rec_type": "soil_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 87759
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2024-05-14"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Value some design result dream produce oil foreign herself forget Democrat daughter fall.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Under behind yard why include among majority finally rule less view couple system up ready their girl three.",
        "impact_on_property": "moderate"
      },
      {
        "encumbrance_type": "lien",
        "description": "You goal technology pull discuss conference Mrs someone anyone right staff laugh professional full order window about fight seat learn edge keep.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "easement",
        "description": "Partner indicate many anyone glass worry whole easy detail especially.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-1 High-Density Residential",
    "permitted_uses": [
      "better",
      "concern",
      "factor",
      "determine"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Jefferson-Morris",
        "lease_start_date": "2024-01-25",
        "lease_end_date": "2029-02-26",
        "monthly_rent": 6495,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Simpson and Sons",
        "lease_start_date": "2023-10-04",
        "lease_end_date": "2031-05-18",
        "monthly_rent": 12866,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Nguyen, Moreno and Martin",
        "lease_start_date": "2022-02-28",
        "lease_end_date": "2028-11-20",
        "monthly_rent": 52939,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 27087
  }
}