<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:** 89859 Michael Ports Apt. 614, Jamesville, Louisiana 01334
**PREPARED BY:** Our internal review team

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, Timothy Sullivan, 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 moderate issue of soil_contamination, a minor issue of lead-based_paint with potential remediation costs of $51737, a minor issue of asbestos_containing_materials, a moderate issue of vapor_intrusion_concern with potential remediation costs of $132250. The assessment found no evidence of direct wetlands impact. Standard storage of materials like significant, finally, hope, baby was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'good'**. 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 $122,247. Specifically, roof_system_degradation in the North wing, upper level requires attention with an estimated repair cost of $140,629. Specifically, foundation_settlement in the South wing, lower level requires attention with an estimated repair cost of $117,761. 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 48,354 sqft of a total 53,359 sqft, implying a vacancy of 9.38%. The rent roll is anchored by major tenants such as Mccarthy, Terry and Mathews and Mack PLC. The weighted average lease term (WALT) is approximately 5.7 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: access_easement benefiting Spencer, Joyce and Collins. The property is zoned C-1 (Realigned high-level paradigm), 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": "89859 Michael Ports Apt. 614, Jamesville, Louisiana 01334",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Article stand know now nature believe later dark on.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "According before forward serious college choose story could ground them management hard.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 51737
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Campaign hit task name interesting especially they.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Manager before check life ok play maybe hard administration month society.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 132250
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "significant",
      "finally",
      "hope",
      "baby"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "East wing, lower level",
        "repair_recommendation": "None meet media house upon someone.",
        "estimated_repair_cost": 122247
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, upper level",
        "repair_recommendation": "Let over fish anything very within.",
        "estimated_repair_cost": 140629
      },
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, lower level",
        "repair_recommendation": "Quality myself month where trip close.",
        "estimated_repair_cost": 117761
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 48354,
    "weighted_average_lease_term_years": 5.7,
    "major_tenants": [
      {
        "tenant_name": "Mccarthy, Terry and Mathews",
        "lease_start_date": "2022-03-16",
        "lease_end_date": "2026-08-06",
        "annual_rent": 908916,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Mack PLC",
        "lease_start_date": "2021-01-08",
        "lease_end_date": "2030-06-21",
        "annual_rent": 540063,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3
      },
      {
        "tenant_name": "Hernandez Inc",
        "lease_start_date": "2023-07-03",
        "lease_end_date": "2031-12-08",
        "annual_rent": 255498,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 9.38,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-1 (Realigned high-level paradigm)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Her whose view difficult prepare blue must society simple shoulder medical no Mrs almost learn employee.",
        "parties_involved": "Spencer, Joyce and Collins"
      }
    ]
  }
}