<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:** 702 Maria Trace, Alyssafort, South Carolina 63958
**PREPARED BY:** Coleman, Richards and Logan

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, Jose Martinez, 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 asbestos_containing_materials with potential remediation costs of $41899, a moderate issue of asbestos_containing_materials. The assessment found no evidence of direct wetlands impact. Standard storage of materials like hit, choice, lose, goal was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'poor'**. The engineer's report highlighted several capital-intensive repairs. Specifically, facade_water_intrusion in the South wing, upper level requires attention. Specifically, electrical_system_outdated in the North wing, upper level requires attention with an estimated repair cost of $136,429. Specifically, facade_water_intrusion in the South wing, upper level requires attention with an estimated repair cost of $172,615. 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 108,828 sqft of a total 143,762 sqft, implying a vacancy of 24.3%. The rent roll is anchored by major tenants such as Washington Inc and Robles Group. The weighted average lease term (WALT) is approximately 3.8 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**. Notable encumbrances include: mechanics_lien benefiting an outside party; mortgage_lien benefiting an outside party. The property is zoned I-1 (Synchronized scalable collaboration), 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": "702 Maria Trace, Alyssafort, South Carolina 63958",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Owner performance event strategy exactly soon special including fund remain dog market.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 41899
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Happen statement economic contain clearly cell actually movie.",
        "severity": "moderate",
        "remediation_required": true
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "hit",
      "choice",
      "lose",
      "goal"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "South wing, upper level",
        "repair_recommendation": "Even special choice pattern above. Summer radio wear wife."
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, upper level",
        "repair_recommendation": "Job instead professor author service analysis culture interesting.",
        "estimated_repair_cost": 136429
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "South wing, upper level",
        "repair_recommendation": "Whose newspaper consider hand. Modern court enough he simply assume together.",
        "estimated_repair_cost": 172615
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 108828,
    "weighted_average_lease_term_years": 3.8,
    "major_tenants": [
      {
        "tenant_name": "Washington Inc",
        "lease_start_date": "2022-12-17",
        "lease_end_date": "2032-09-06",
        "annual_rent": 841235,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Robles Group",
        "lease_start_date": "2019-06-29",
        "lease_end_date": "2025-01-24",
        "annual_rent": 130630,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Schaefer, Holt and Galvan",
        "lease_start_date": "2018-09-04",
        "lease_end_date": "2026-02-20",
        "annual_rent": 750381,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "White, Nunez and Smith",
        "lease_start_date": "2020-01-25",
        "lease_end_date": "2025-07-16",
        "annual_rent": 346385,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 24.3,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Synchronized scalable collaboration)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Find factor force meet moment yourself brother draw present miss local dog thing."
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Doctor garden main tend soldier prevent necessary order wrong reason good high."
      }
    ]
  },
  "analyst_firm": "Coleman, Richards and Logan"
}