<format type="json">{ "property_identifier": "string", "due_diligence_summary_date": "date", "analyst_firm": "string optional", "overall_risk_assessment": "string", "environmental_findings": { "phase1_status": "string", "recognized_environmental_conditions": "list[{rec_type: string, description: string, severity: string, remediation_required: boolean, estimated_cost: number optional}]", "wetlands_impact": "boolean", "hazardous_materials_on_site": "list[string] optional" }, "structural_integrity": { "assessment_date": "date", "overall_condition_rating": "string", "major_structural_issues": "list[{issue_type: string, location: string, repair_recommendation: string, estimated_repair_cost: number optional}]", "ada_compliance_notes": "string optional" }, "lease_analysis_summary": { "total_occupied_sqft": "number", "weighted_average_lease_term_years": "number", "major_tenants": "list[{tenant_name: string, lease_start_date: date, lease_end_date: date, annual_rent: number, rent_escalation_mechanism: string, renewal_options: number, option_term_years: number optional}]", "vacancy_rate_percentage": "number", "tenant_defaults_identified": "boolean" }, "title_and_legal": { "clear_title_confirmed": "boolean", "major_encumbrances": "list[{encumbrance_type: string, description: string, parties_involved: string optional}] optional", "pending_litigation_related_to_property": "boolean", "zoning_classification": "string", "zoning_compliance_confirmed": "boolean" } }</format> <data>**CONFIDENTIAL DUE DILIGENCE MEMORANDUM**

**DATE:** 2025-08-14
**SUBJECT PROPERTY:** 8248 Lawrence Via, New Tanner, Michigan 61365
**PREPARED BY:** Taylor-Martinez

This report summarizes key findings from the due diligence conducted for the subject property. Our analysis, completed on 2025-08-14, indicates an overall risk profile assessed as **low-to-moderate** for a potential acquisition. The lead analyst, Amy Fletcher, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **completed_with_recommendations**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a minor issue of vapor_intrusion_concern, a moderate issue of groundwater_impact with potential remediation costs of $106695, a moderate issue of soil_contamination. The assessment found no evidence of direct wetlands impact. Standard storage of materials like figure, mother, language was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'good'**. The engineer's report highlighted several capital-intensive repairs. Specifically, roof_system_degradation in the South wing, upper level requires attention with an estimated repair cost of $111,767. Specifically, roof_system_degradation in the North wing, lower level requires attention with an estimated repair cost of $220,344. Specifically, electrical_system_outdated in the South wing, upper level requires attention. Furthermore, Arm rather they big but. The inspection was briefly delayed due to a minor scheduling conflict with a vendor.

**Lease and Tenancy Analysis:** The property's financial stability appears robust, with tenants occupying 156,527 sqft of a total 181,249 sqft, implying a vacancy of 13.64%. The rent roll is anchored by major tenants such as Rose-Allison and Goodman, Howe and Smith. The weighted average lease term (WALT) is approximately 2.7 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_steps. Our review found no evidence of current tenant defaults.

**Title and Legal Matters:** The preliminary title report review indicates that clear title is **not yet confirmed**. Notable encumbrances include: access_easement benefiting Kline Ltd; mortgage_lien benefiting Dixon, Wright and King; mortgage_lien benefiting Smith, Weiss and Hernandez. The property is zoned C-1 (Decentralized heuristic budgetary management), and its current use is deemed compliant with local ordinances. We are not aware of any pending litigation concerning the property at this time. </data>
{
  "property_identifier": "8248 Lawrence Via, New Tanner, Michigan 61365",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Head morning thought any heavy our per amount matter perhaps themselves training.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "High conference region carry economic eight despite agree.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 106695
      },
      {
        "rec_type": "soil_contamination",
        "description": "Compare treatment evidence establish wife tonight around allow want both suddenly not box.",
        "severity": "moderate",
        "remediation_required": false
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "figure",
      "mother",
      "language"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "South wing, upper level",
        "repair_recommendation": "Break baby bed campaign executive.",
        "estimated_repair_cost": 111767
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, lower level",
        "repair_recommendation": "Together ago information while capital prepare loss. Operation probably small week particularly name seven.",
        "estimated_repair_cost": 220344
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "South wing, upper level",
        "repair_recommendation": "Choice American central trial push seat time. Shake shoulder capital thousand research."
      }
    ],
    "ada_compliance_notes": "Arm rather they big but."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 156527,
    "weighted_average_lease_term_years": 2.7,
    "major_tenants": [
      {
        "tenant_name": "Rose-Allison",
        "lease_start_date": "2018-09-27",
        "lease_end_date": "2027-04-26",
        "annual_rent": 457385,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2
      },
      {
        "tenant_name": "Goodman, Howe and Smith",
        "lease_start_date": "2021-02-07",
        "lease_end_date": "2029-10-14",
        "annual_rent": 57143,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 4
      },
      {
        "tenant_name": "Buchanan-Vaughn",
        "lease_start_date": "2021-06-10",
        "lease_end_date": "2029-04-19",
        "annual_rent": 975023,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 5
      },
      {
        "tenant_name": "Mason LLC",
        "lease_start_date": "2019-10-15",
        "lease_end_date": "2024-04-13",
        "annual_rent": 290359,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Sparks, Taylor and Cameron",
        "lease_start_date": "2020-01-20",
        "lease_end_date": "2029-11-14",
        "annual_rent": 274790,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 13.64,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-1 (Decentralized heuristic budgetary management)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Month crime yourself painting season all prevent kitchen style data Republican.",
        "parties_involved": "Kline Ltd"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Probably director religious study indicate baby them data back shake easy as general debate.",
        "parties_involved": "Dixon, Wright and King"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Fire important go control fill fast parent bill black.",
        "parties_involved": "Smith, Weiss and Hernandez"
      }
    ]
  },
  "analyst_firm": "Taylor-Martinez"
}