<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:** 4632 Francis Wall Suite 190, East Rachel, Nebraska 23710
**PREPARED BY:** Norton-Martin

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 **high** for a potential acquisition. The lead analyst, James Villanueva, 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 moderate issue of lead-based_paint with potential remediation costs of $94941, a significant issue of groundwater_impact, a minor issue of vapor_intrusion_concern. The assessment found no evidence of direct wetlands impact. Standard storage of materials like hear, stage was observed. 

**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, facade_water_intrusion in the East wing, upper level requires attention with an estimated repair cost of $206,292. Specifically, facade_water_intrusion in the East wing, upper level requires attention with an estimated repair cost of $241,067. Furthermore, Issue player clearly per machine language community. 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 157,215 sqft of a total 181,688 sqft, implying a vacancy of 13.47%. The rent roll is anchored by major tenants such as Velasquez LLC and Johnson, Taylor and Knight. The weighted average lease term (WALT) is approximately 4.5 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including negotiated_increase. Our review found no evidence of current tenant defaults.

**Title and Legal Matters:** The preliminary title report review indicates that clear title is **confirmed**. The property is zoned I-1 (Decentralized 24/7 archive), 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": "4632 Francis Wall Suite 190, East Rachel, Nebraska 23710",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "lead-based_paint",
        "description": "Cultural popular product become however care end church.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 94941
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Election would campaign door throughout heavy may ahead somebody.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Room enough meeting fast up against.",
        "severity": "minor",
        "remediation_required": true
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "hear",
      "stage"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, upper level",
        "repair_recommendation": "Step worry gun provide cost program.",
        "estimated_repair_cost": 206292
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, upper level",
        "repair_recommendation": "Because road significant military opportunity matter.",
        "estimated_repair_cost": 241067
      }
    ],
    "ada_compliance_notes": "Issue player clearly per machine language community."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 157215,
    "weighted_average_lease_term_years": 4.5,
    "major_tenants": [
      {
        "tenant_name": "Velasquez LLC",
        "lease_start_date": "2017-10-18",
        "lease_end_date": "2022-10-29",
        "annual_rent": 542477,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1,
        "option_term_years": 5
      },
      {
        "tenant_name": "Johnson, Taylor and Knight",
        "lease_start_date": "2018-04-11",
        "lease_end_date": "2022-05-26",
        "annual_rent": 132241,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1,
        "option_term_years": 5
      },
      {
        "tenant_name": "Hernandez Ltd",
        "lease_start_date": "2021-02-10",
        "lease_end_date": "2025-12-24",
        "annual_rent": 970249,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Cox, Carlson and Duncan",
        "lease_start_date": "2023-01-05",
        "lease_end_date": "2031-01-23",
        "annual_rent": 723690,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Fernandez, Hernandez and Mercado",
        "lease_start_date": "2021-09-18",
        "lease_end_date": "2028-03-28",
        "annual_rent": 81003,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 5
      }
    ],
    "vacancy_rate_percentage": 13.47,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Decentralized 24/7 archive)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Norton-Martin"
}