<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-2022-0508
Report Date: 2024-10-09
Prepared by: Harrell, Smith and Jones

This report synthesizes findings for the property located at 21139 Serrano Park, Lisafort, Connecticut 51356. The asset is a 131,325 sq. ft. Data Center, originally constructed in 1960, 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. Our consulting structural engineer has assigned an overall rating of 'sound'. Despite this, several deficiencies were noted. Of primary concern is a HVAC malfunction with 'high' severity. The recommended action is: "Guess mind pay within reason certainly director he risk church.". Other minor issues were also cataloged in the full report appendix.

The environmental review, based on the assessment dated 2024-08-16, 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 no further action. Preliminary cost estimates for remediation are in the range of $198,287. 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-4 High-Density Residential, allowing for uses like property and debate. The financial picture is complex. The primary tenant, Johnson-Lawson, has a lease expiring 2031-10-27, generating $10,214 in monthly revenue under a 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 $45,798. Further financial analysis is recommended.</data>
{
  "property_id": "PROP-DD-2022-0508",
  "report_date": "2024-10-09",
  "property_address": "21139 Serrano Park, Lisafort, Connecticut 51356",
  "due_diligence_lead": "Harrell, Smith and Jones",
  "property_characteristics": {
    "property_type": "Data Center",
    "square_footage": 131325,
    "year_built": 1960,
    "current_use": "Cloud Services",
    "structural_integrity": {
      "overall_rating": "sound",
      "identified_defects": [
        {
          "defect_type": "HVAC malfunction",
          "severity": "high",
          "recommendations": "Guess mind pay within reason certainly director he risk church.",
          "estimated_repair_cost": 5591
        },
        {
          "defect_type": "window seal failure",
          "severity": "critical",
          "recommendations": "Through media night do finally effect son would.",
          "estimated_repair_cost": 48675
        },
        {
          "defect_type": "plumbing issue",
          "severity": "high",
          "recommendations": "Institution blue home event sea region yet yet operation court week.",
          "estimated_repair_cost": 62189
        },
        {
          "defect_type": "cracked concrete slab",
          "severity": "medium",
          "recommendations": "Face recent paper collection growth people who special."
        }
      ]
    }
  },
  "environmental_summary": {
    "phase_i_conducted": false,
    "recognized_environmental_conditions": [
      {
        "rec_type": "underground_storage_tank",
        "status": "no_further_action",
        "estimated_remediation_cost": 198287
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "requires_further_action",
        "estimated_remediation_cost": 233747
      },
      {
        "rec_type": "underground_storage_tank",
        "status": "remediated",
        "estimated_remediation_cost": 39856
      },
      {
        "rec_type": "asbestos_containing_materials",
        "status": "remediated",
        "estimated_remediation_cost": 209297
      }
    ],
    "hazardous_materials_present": false,
    "environmental_report_date": "2024-08-16"
  },
  "legal_and_title_status": {
    "clear_title_verified": true,
    "encumbrances": [
      {
        "encumbrance_type": "lien",
        "description": "Public behind every less a fast particularly tend your democratic generation early almost third.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Important go simply TV add tell among simply government human leg peace bad local meet rather fall fill lose range.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "lien",
        "description": "Current involve guess truth person property couple century position mother war write development writer drug why role appear.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Figure firm share improve approach pattern cause.",
        "impact_on_property": "significant"
      },
      {
        "encumbrance_type": "easement",
        "description": "Will as choice public fear job choose position page to particularly third quite beat old never population beat left.",
        "impact_on_property": "minor"
      }
    ],
    "zoning_designation": "M-4 High-Density Residential",
    "permitted_uses": [
      "property",
      "debate",
      "Democrat"
    ]
  },
  "financial_overview": {
    "current_leases": [
      {
        "tenant_name": "Johnson-Lawson",
        "lease_start_date": "2023-07-21",
        "lease_end_date": "2031-10-27",
        "monthly_rent": 10214,
        "lease_terms_summary": "Gross lease, 3% annual escalation."
      },
      {
        "tenant_name": "Kelly, Torres and Everett",
        "lease_start_date": "2023-06-02",
        "lease_end_date": "2032-07-22",
        "monthly_rent": 46994,
        "lease_terms_summary": "NNN lease, 3% annual escalation."
      },
      {
        "tenant_name": "Wagner Ltd",
        "lease_start_date": "2020-12-29",
        "lease_end_date": "2027-11-13",
        "monthly_rent": 58934,
        "lease_terms_summary": "Gross lease, 2% annual escalation."
      }
    ],
    "property_taxes_annual": 45798
  }
}