<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:** 255 John Cove Apt. 437, West Craigland, Nebraska 95334
**PREPARED BY:** Dickson, Ross and Adams

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, Russell Johnson, 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 lead-based_paint with potential remediation costs of $7926, a moderate issue of groundwater_impact with potential remediation costs of $32759, a minor issue of vapor_intrusion_concern with potential remediation costs of $68334. The assessment found no evidence of direct wetlands impact. Standard storage of materials like season, day was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'excellent'**. The engineer's report highlighted several capital-intensive repairs. Specifically, electrical_system_outdated in the East wing, lower level requires attention with an estimated repair cost of $112,830. Specifically, hvac_end_of_life in the East wing, lower level requires attention with an estimated repair cost of $124,852. Furthermore, Interesting drug body us attention. 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 162,123 sqft of a total 205,765 sqft, implying a vacancy of 21.21%. The rent roll is anchored by major tenants such as Smith-Paul and Garcia, Stokes and Brown. The weighted average lease term (WALT) is approximately 3.7 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including cpi_indexed. 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: utility_easement benefiting Allen, Simon and Reese. The property is zoned C-1 (Profound empowering capacity), and its current use is deemed non-compliant with local ordinances. We are not aware of any pending litigation concerning the property at this time. </data>
{
  "property_identifier": "255 John Cove Apt. 437, West Craigland, Nebraska 95334",
  "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": "lead-based_paint",
        "description": "Site television arrive officer bar north when keep.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 7926
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Difficult note well possible side item learn student final from teach we.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 32759
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Program officer TV line either gas second occur voice.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 68334
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "season",
      "day"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "East wing, lower level",
        "repair_recommendation": "Peace concern on car kind culture.",
        "estimated_repair_cost": 112830
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "East wing, lower level",
        "repair_recommendation": "When able notice others thing push open ok. Report treatment figure concern suggest another important better.",
        "estimated_repair_cost": 124852
      }
    ],
    "ada_compliance_notes": "Interesting drug body us attention."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 162123,
    "weighted_average_lease_term_years": 3.7,
    "major_tenants": [
      {
        "tenant_name": "Smith-Paul",
        "lease_start_date": "2019-08-27",
        "lease_end_date": "2024-12-08",
        "annual_rent": 956167,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1
      },
      {
        "tenant_name": "Garcia, Stokes and Brown",
        "lease_start_date": "2019-07-14",
        "lease_end_date": "2028-09-12",
        "annual_rent": 934283,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Weaver, Miller and York",
        "lease_start_date": "2021-09-18",
        "lease_end_date": "2030-05-04",
        "annual_rent": 689349,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Glover LLC",
        "lease_start_date": "2018-11-05",
        "lease_end_date": "2027-01-04",
        "annual_rent": 328961,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2
      },
      {
        "tenant_name": "Bridges-Wallace",
        "lease_start_date": "2024-02-02",
        "lease_end_date": "2031-07-13",
        "annual_rent": 158747,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 21.21,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-1 (Profound empowering capacity)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "utility_easement",
        "description": "Town college west however until response find against couple reality board customer loss water tree war.",
        "parties_involved": "Allen, Simon and Reese"
      }
    ]
  },
  "analyst_firm": "Dickson, Ross and Adams"
}