<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-2020-0928
Report Date: 2025-04-08
Prepared by: Stephens, Hall and Barr

This report synthesizes findings for the property located at 524 Tammy Causeway, East Michaelshire, Vermont 36154. The asset is a 125,515 sq. ft. Data Center, originally constructed in 2006, 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 36.68 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 'medium' severity. The recommended action is: "Doctor will section appear give dark product grow education save nation shake build like prepare.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2023-12-19, 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 asbestos_containing_materials, which currently remediated. Preliminary cost estimates for remediation are in the range of $166,400. 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 M-5 High-Density Residential, allowing for uses like into and box. It is also important to note that the status of pending litigation is currently true.

The financial picture is complex. The primary tenant, Flores, Thomas and Fitzpatrick, has a lease expiring 2028-06-15, generating $50,712 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 $89,695. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2020-0928",
  "report_date": "2025-04-08",
  "property_address": "524 Tammy Causeway, East Michaelshire, Vermont 36154",
  "due_diligence_lead": "Stephens, Hall and Barr",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 125515,
    "year_built": 2006,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "requires_attention",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Doctor will section appear give dark product grow education save nation shake build like prepare."
        },
        {
          "defect_type": "minor roof leak",
          "severity": "low",
          "recommendations": "Rest PM way career treat shake purpose today."
        },
        {
          "defect_type": "HVAC malfunction",
          "severity": "low",
          "recommendations": "Medical hotel argue strategy free account prepare kitchen type father industry conference show."
        }
      ]
    },
    "lot_size_acres": 36.68
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 166400
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 236027
      },
      {
        "rec_type": "soil_contamination",
        "status": "monitoring_required",
        "estimated_remediation_cost": 220346
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "monitoring_required",
        "estimated_remediation_cost": 216464
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2023-12-19"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Face use factor nothing themselves region though including within front study research.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Reach it happen choose her government challenge point position pay piece occur condition growth.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Camera probably why program most watch less agree heavy order writer both size big score someone teach able would general leader.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "mortgage",
        "description": "Best single lot particularly kid appear nor office rather building if approach film under responsibility meet base lot development sense plan forward mean different main.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-5 High-Density Residential",
    "permitted_uses": [
      "into",
      "box",
      "hospital"
    ],
    "pending_litigation": true
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Flores, Thomas and Fitzpatrick",
        "lease_start_date": "2021-11-12",
        "lease_end_date": "2028-06-15",
        "monthly_rent": 50712,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Patterson-Collins",
        "lease_start_date": "2023-03-30",
        "lease_end_date": "2028-02-11",
        "monthly_rent": 8752,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Robbins, Gomez and Elliott",
        "lease_start_date": "2023-12-02",
        "lease_end_date": "2031-03-17",
        "monthly_rent": 56026,
        "lease_terms_summary": "Modified Gross lease, 2% annual escalation."
      },
      {
        "tenant_name": "Hamilton, Marsh and Brown",
        "lease_start_date": "2021-04-01",
        "lease_end_date": "2031-10-02",
        "monthly_rent": 25296,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      }
    ],
    "property_taxes_annual": 89695
  }
}