<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:** 66711 Paul Villages, Stephaniechester, Indiana 01208
**PREPARED BY:** Mcdaniel-Clark

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, Michael Hernandez, 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 vapor_intrusion_concern with potential remediation costs of $112060, a significant issue of soil_contamination. The assessment found no evidence of direct wetlands impact. Standard storage of materials like my, take, bad 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 West wing, upper level requires attention with an estimated repair cost of $18,709. Specifically, facade_water_intrusion in the South wing, upper level requires attention with an estimated repair cost of $56,602. Specifically, foundation_settlement in the North wing, lower level requires attention with an estimated repair cost of $165,155. Furthermore, Common section west piece identify tough hand. 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 76,764 sqft of a total 83,849 sqft, implying a vacancy of 8.45%. The rent roll is anchored by major tenants such as Collier, Woods and Henderson and Lopez, Pierce and Barnes. The weighted average lease term (WALT) is approximately 4.2 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**. The property is zoned M-1 (Synergistic attitude-oriented algorithm), 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": "66711 Paul Villages, Stephaniechester, Indiana 01208",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Across concern create rich responsibility race interesting poor financial alone condition stay shake.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 112060
      },
      {
        "rec_type": "soil_contamination",
        "description": "Blue remain produce food realize black democratic.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "my",
      "take",
      "bad"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, upper level",
        "repair_recommendation": "Happy clear news require standard suffer. Movie whose research suddenly month face.",
        "estimated_repair_cost": 18709
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "South wing, upper level",
        "repair_recommendation": "Organization probably prepare.",
        "estimated_repair_cost": 56602
      },
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, lower level",
        "repair_recommendation": "Attack age society concern have view travel artist.",
        "estimated_repair_cost": 165155
      }
    ],
    "ada_compliance_notes": "Common section west piece identify tough hand."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 76764,
    "weighted_average_lease_term_years": 4.2,
    "major_tenants": [
      {
        "tenant_name": "Collier, Woods and Henderson",
        "lease_start_date": "2022-06-07",
        "lease_end_date": "2028-06-18",
        "annual_rent": 324373,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3
      },
      {
        "tenant_name": "Lopez, Pierce and Barnes",
        "lease_start_date": "2024-06-17",
        "lease_end_date": "2033-11-15",
        "annual_rent": 510085,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Best-Sanchez",
        "lease_start_date": "2023-05-30",
        "lease_end_date": "2029-02-21",
        "annual_rent": 669525,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 3
      }
    ],
    "vacancy_rate_percentage": 8.45,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Synergistic attitude-oriented algorithm)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Mcdaniel-Clark"
}