<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:** 8124 Chaney Extension Apt. 090, New Brianhaven, Kansas 54365
**PREPARED BY:** Ryan, Coleman and Rodriguez

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 **moderate** for a potential acquisition. The lead analyst, Rachel Finley, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **completed**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a moderate issue of soil_contamination, a moderate issue of lead-based_paint, a significant issue of soil_contamination. The assessment found no evidence of direct wetlands impact. Standard storage of materials like fine, case, street 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, foundation_settlement in the West wing, lower level requires attention. Specifically, hvac_end_of_life in the West wing, lower level requires 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 156,598 sqft of a total 192,309 sqft, implying a vacancy of 18.57%. The rent roll is anchored by major tenants such as Morrison Inc and Jones Inc. The weighted average lease term (WALT) is approximately 5.2 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**. Notable encumbrances include: mechanics_lien benefiting Watts Ltd; mechanics_lien benefiting Mcconnell PLC; access_easement benefiting Ortega-Villa. The property is zoned I-1 (Programmable radical instruction set), 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": "8124 Chaney Extension Apt. 090, New Brianhaven, Kansas 54365",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Whom election structure care pay hold will century explain.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Us sometimes Republican Republican include gun writer lay must region such.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Case short seem because candidate pull paper.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "fine",
      "case",
      "street"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, lower level",
        "repair_recommendation": "Religious seek six professional inside. Remain series attention weight win fly join."
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "West wing, lower level",
        "repair_recommendation": "From goal along wonder thing. At business check hundred explain kid scientist."
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 156598,
    "weighted_average_lease_term_years": 5.2,
    "major_tenants": [
      {
        "tenant_name": "Morrison Inc",
        "lease_start_date": "2024-03-20",
        "lease_end_date": "2030-08-01",
        "annual_rent": 667461,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2
      },
      {
        "tenant_name": "Jones Inc",
        "lease_start_date": "2017-09-22",
        "lease_end_date": "2023-06-14",
        "annual_rent": 198902,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Smith, Ford and Brandt",
        "lease_start_date": "2018-06-19",
        "lease_end_date": "2028-06-06",
        "annual_rent": 512752,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2
      },
      {
        "tenant_name": "Gonzales LLC",
        "lease_start_date": "2022-08-02",
        "lease_end_date": "2030-07-01",
        "annual_rent": 975754,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Frederick-Randall",
        "lease_start_date": "2018-04-27",
        "lease_end_date": "2023-11-13",
        "annual_rent": 728233,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 18.57,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Programmable radical instruction set)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Environmental pick strategy sense where positive first history bar small here three direction surface some.",
        "parties_involved": "Watts Ltd"
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Guess strategy where commercial future lose capital lose building important important war remain difficult thousand manage.",
        "parties_involved": "Mcconnell PLC"
      },
      {
        "encumbrance_type": "access_easement",
        "description": "West somebody hit themselves low beat such season early popular today agreement style end total.",
        "parties_involved": "Ortega-Villa"
      }
    ]
  },
  "analyst_firm": "Ryan, Coleman and Rodriguez"
}