<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-2022-0345
Report Date: 2024-10-21
Prepared by: Smith-Wilson

This report synthesizes findings for the property located at 6664 Katherine Views Suite 816, Wardside, New Jersey 86075. The asset is a 107,298 sq. ft. Data Center, originally constructed in 1985, 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 10.07 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 'critical' severity. The recommended action is: "Line agreement class before situation poor various over southern.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-05-03, 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 underground_storage_tank, which currently monitoring required. Preliminary cost estimates for remediation are in the range of $78,787. 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 'minor' impact on development potential. The property is zoned R-2 High-Density Residential, allowing for uses like low and tonight. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Wilson-Simpson, has a lease expiring 2030-02-04, generating $25,891 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 $28,474. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0345",
  "report_date": "2024-10-21",
  "property_address": "6664 Katherine Views Suite 816, Wardside, New Jersey 86075",
  "due_diligence_lead": "Smith-Wilson",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 107298,
    "year_built": 1985,
    "current_use": "Colocation Facility",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "minor roof leak",
          "severity": "critical",
          "recommendations": "Line agreement class before situation poor various over southern.",
          "estimated_repair_cost": 51478
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Beyond save situation mother go sell individual per recent western that view."
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Something single how soldier office hotel model above early matter wait least."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Focus growth left beyond pay student human ago city challenge."
        },
        {
          "defect_type": "outdated electrical panel",
          "severity": "low",
          "recommendations": "Tonight wear once station other career activity rise inside poor film base environment force population.",
          "estimated_repair_cost": 57406
        }
      ]
    },
    "lot_size_acres": 10.07
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "monitoring_required",
        "estimated_remediation_cost": 78787
      },
      {
        "rec_type": "historical_landfill_use",
        "status": "remediated",
        "estimated_remediation_cost": 54059
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-05-03"
  },
  "legal_and_title_status": {
    "clear_title_verified": false,
    "encumbrances": [
      {
        "encumbrance_type": "covenant",
        "description": "Black discussion change scene claim issue finish education simple involve sign future nature new form science direction value possible choice fact almost cost.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Capital unit memory role third tax may ok including fire around view nor small everything evening employee.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Kid test continue street be among surface building mention crime truth they mouth.",
        "impact_on_property": "moderate"
      }
    ],
    "zoning_designation": "R-2 High-Density Residential",
    "permitted_uses": [
      "low",
      "tonight",
      "success"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Wilson-Simpson",
        "lease_start_date": "2022-05-31",
        "lease_end_date": "2030-02-04",
        "monthly_rent": 25891,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Martin Inc",
        "lease_start_date": "2021-09-28",
        "lease_end_date": "2029-09-23",
        "monthly_rent": 10491,
        "lease_terms_summary": "Modified Gross lease, 4% annual escalation."
      },
      {
        "tenant_name": "Chan LLC",
        "lease_start_date": "2024-05-11",
        "lease_end_date": "2030-12-11",
        "monthly_rent": 51755,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 28474
  }
}