<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:** 45936 Ronald Forges, Garybury, Montana 96950
**PREPARED BY:** French, Tucker and Jimenez

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** for a potential acquisition. The lead analyst, Mark Gregory, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **further_investigation_required**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a significant issue of asbestos_containing_materials with potential remediation costs of $14124, a moderate issue of lead-based_paint with potential remediation costs of $64478. The assessment found no evidence of direct wetlands impact. No significant quantities of hazardous materials were noted on-site.

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'fair'**. The engineer's report highlighted several capital-intensive repairs. Specifically, foundation_settlement in the East wing, upper level requires attention with an estimated repair cost of $223,556. Specifically, facade_water_intrusion in the East wing, upper level requires attention with an estimated repair cost of $106,499. Specifically, foundation_settlement in the West wing, lower level requires attention with an estimated repair cost of $71,546. Furthermore, Camera everyone television. 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 173,048 sqft of a total 203,227 sqft, implying a vacancy of 14.85%. The rent roll is anchored by major tenants such as Mendez, Owens and Reed and Campos, Washington and Arnold. The weighted average lease term (WALT) is approximately 6.3 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_annual_3_percent. 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**. The property is zoned C-1 (Proactive modular help-desk), 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": "45936 Ronald Forges, Garybury, Montana 96950",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Than personal sell low know born hair sing live develop both unit.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 14124
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Return oil Congress build watch five.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 64478
      }
    ],
    "wetlands_impact": true
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "East wing, upper level",
        "repair_recommendation": "Budget away executive exactly your trial rather. Perform very education good born research.",
        "estimated_repair_cost": 223556
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, upper level",
        "repair_recommendation": "Far tonight none information group dream middle.",
        "estimated_repair_cost": 106499
      },
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, lower level",
        "repair_recommendation": "Effect hope west environment majority. Truth inside argue black technology myself quite.",
        "estimated_repair_cost": 71546
      }
    ],
    "ada_compliance_notes": "Camera everyone television."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 173048,
    "weighted_average_lease_term_years": 6.3,
    "major_tenants": [
      {
        "tenant_name": "Mendez, Owens and Reed",
        "lease_start_date": "2022-01-17",
        "lease_end_date": "2026-06-22",
        "annual_rent": 149321,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Campos, Washington and Arnold",
        "lease_start_date": "2018-04-10",
        "lease_end_date": "2021-09-04",
        "annual_rent": 209904,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3
      },
      {
        "tenant_name": "Clark Ltd",
        "lease_start_date": "2024-04-15",
        "lease_end_date": "2030-12-13",
        "annual_rent": 273167,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Thomas, Sanchez and Craig",
        "lease_start_date": "2023-04-16",
        "lease_end_date": "2026-05-19",
        "annual_rent": 277220,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Sanders-Perry",
        "lease_start_date": "2022-06-07",
        "lease_end_date": "2030-11-23",
        "annual_rent": 288353,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 14.85,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-1 (Proactive modular help-desk)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "French, Tucker and Jimenez"
}