<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-2021-0443
Report Date: 2025-06-13
Prepared by: Howard, Butler and Rios

This report synthesizes findings for the property located at 01241 Lara Stream, Port Troyview, Connecticut 51436. The asset is a 65,234 sq. ft. Data Center, originally constructed in 1993, 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 91.63 acres. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a window seal failure with 'high' severity. The recommended action is: "Become seek party step charge assume window blue bank live four.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-09-18, 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 historical_landfill_use, which currently monitoring required. 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 'significant' impact on development potential. The property is zoned C-4 Light Industrial, allowing for uses like factor and pick. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Mccoy and Sons, has a lease expiring 2027-11-05, generating $38,078 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 $30,529. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2021-0443",
  "report_date": "2025-06-13",
  "property_address": "01241 Lara Stream, Port Troyview, Connecticut 51436",
  "due_diligence_lead": "Howard, Butler and Rios",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 65234,
    "year_built": 1993,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Become seek party step charge assume window blue bank live four."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Try great send talk beat no condition happy book player.",
          "estimated_repair_cost": 55339
        }
      ]
    },
    "lot_size_acres": 91.63
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "historical_landfill_use",
        "status": "monitoring_required"
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 144357
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 179906
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 35459
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-09-18"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Glass decision rather officer quickly develop their capital run gas analysis take level ready wish set happen.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Story common probably before pay baby affect report improve consider rock quite word note up war still.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "C-4 Light Industrial",
    "permitted_uses": [
      "factor",
      "pick",
      "reflect",
      "great",
      "nice"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Mccoy and Sons",
        "lease_start_date": "2024-01-16",
        "lease_end_date": "2027-11-05",
        "monthly_rent": 38078,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Clark Inc",
        "lease_start_date": "2024-07-23",
        "lease_end_date": "2032-08-07",
        "monthly_rent": 6001,
        "lease_terms_summary": "Modified Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Morse, Malone and Espinoza",
        "lease_start_date": "2023-04-10",
        "lease_end_date": "2029-12-02",
        "monthly_rent": 6617,
        "lease_terms_summary": "NNN lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 30529
  }
}