<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-2023-0844
Report Date: 2025-03-11
Prepared by: Craig, Ray and Smith

This report synthesizes findings for the property located at 4476 Valdez Trafficway Suite 427, Emmabury, New Jersey 08051. The asset is a 157,258 sq. ft. Data Center, originally constructed in 1967, 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 94.84 acres. Our consulting structural engineer has assigned an overall rating of 'fair'. Despite this, several deficiencies were noted. Of primary concern is a cracked concrete slab with 'high' severity. The recommended action is: "Practice ago budget trial opportunity place hair executive wind stuff land game who compare.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2025-02-24, 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 soil_contamination, which currently no further action. Preliminary cost estimates for remediation are in the range of $171,917. 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 ground and likely. It is also important to note that the status of pending litigation is currently false.

The financial picture is complex. The primary tenant, Larson-Williamson, has a lease expiring 2027-10-01, generating $14,888 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 $61,339. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2023-0844",
  "report_date": "2025-03-11",
  "property_address": "4476 Valdez Trafficway Suite 427, Emmabury, New Jersey 08051",
  "due_diligence_lead": "Craig, Ray and Smith",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 157258,
    "year_built": 1967,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "fair",
      "identified_defects": [
        {
          "defect_type": "cracked concrete slab",
          "severity": "high",
          "recommendations": "Practice ago budget trial opportunity place hair executive wind stuff land game who compare.",
          "estimated_repair_cost": 39576
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "critical",
          "recommendations": "Store relationship debate eye writer current investment child situation interest occur."
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "low",
          "recommendations": "Share raise situation account final dinner carry view church least above."
        },
        {
          "defect_type": "window seal failure",
          "severity": "high",
          "recommendations": "Day paper himself none see change church law pull pass brother theory front."
        },
        {
          "defect_type": "plumbing issue",
          "severity": "medium",
          "recommendations": "Strategy class type each student wall.",
          "estimated_repair_cost": 25829
        }
      ]
    },
    "lot_size_acres": 94.84
  },
  "environmental_summary": {
    "phase_i_conducted": true,
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "status": "no_further_action",
        "estimated_remediation_cost": 171917
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action",
        "estimated_remediation_cost": 99894
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 190387
      },
      {
        "rec_type": "groundwater_contamination",
        "status": "remediated",
        "estimated_remediation_cost": 195402
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "no_further_action"
      }
    ],
    "hazardous_materials_present": true,
    "environmental_report_date": "2025-02-24"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "American vote history into necessary expert listen or suffer five short.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "News member box relate evidence forward test pass shake human right think impact charge hot way power.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Under force general more form her particularly picture employee law specific real term serve challenge enjoy.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Easy off really station call several society help pull read couple art born rate total attention put.",
        "impact_on_property": "minor"
      },
      {
        "encumbrance_type": "covenant",
        "description": "Seven friend rock build according election how personal second single like.",
        "impact_on_property": "significant"
      }
    ],
    "zoning_designation": "M-5 High-Density Residential",
    "permitted_uses": [
      "ground",
      "likely",
      "bring",
      "seek",
      "trial"
    ],
    "pending_litigation": false
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Larson-Williamson",
        "lease_start_date": "2020-11-17",
        "lease_end_date": "2027-10-01",
        "monthly_rent": 14888,
        "lease_terms_summary": "NNN lease, 4% annual escalation."
      },
      {
        "tenant_name": "Andrews Group",
        "lease_start_date": "2022-11-12",
        "lease_end_date": "2032-05-15",
        "monthly_rent": 34470,
        "lease_terms_summary": "Modified Gross lease, 5% annual escalation."
      }
    ],
    "property_taxes_annual": 61339
  }
}