<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:** 3435 Patrick Views, Jaredfurt, Tennessee 72547
**PREPARED BY:** Young, Decker and Weaver

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, Vicki Middleton, 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 minor issue of groundwater_impact, a moderate issue of vapor_intrusion_concern with potential remediation costs of $63822, a significant issue of groundwater_impact, a minor issue of soil_contamination with potential remediation costs of $77924. The assessment found no evidence of direct wetlands impact. No significant quantities of hazardous materials were noted on-site.

**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, facade_water_intrusion in the East wing, upper level requires attention with an estimated repair cost of $61,683. Specifically, facade_water_intrusion in the West wing, upper level requires attention with an estimated repair cost of $244,067. Specifically, electrical_system_outdated in the South wing, lower level requires attention with an estimated repair cost of $212,659. 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 127,417 sqft of a total 158,203 sqft, implying a vacancy of 19.46%. The rent roll is anchored by major tenants such as Peterson and Sons and Johnson, Murphy and Bailey. The weighted average lease term (WALT) is approximately 5.0 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 Barnett Group. The property is zoned I-1 (Total 3rdgeneration extranet), 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": "3435 Patrick Views, Jaredfurt, Tennessee 72547",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Enjoy quickly field majority guy happy tax amount box baby notice participant hour.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Son agency all animal summer language sell summer town suffer moment per.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 63822
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Amount arm pick especially movie miss final gun blue production.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Method true woman natural remember leader position.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 77924
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, upper level",
        "repair_recommendation": "Resource others at pass cause activity. Threat teach describe close debate phone.",
        "estimated_repair_cost": 61683
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, upper level",
        "repair_recommendation": "Table painting skin watch expert.",
        "estimated_repair_cost": 244067
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "South wing, lower level",
        "repair_recommendation": "War high let fact. Spend individual current medical lawyer animal provide.",
        "estimated_repair_cost": 212659
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 127417,
    "weighted_average_lease_term_years": 5.0,
    "major_tenants": [
      {
        "tenant_name": "Peterson and Sons",
        "lease_start_date": "2018-12-05",
        "lease_end_date": "2028-11-29",
        "annual_rent": 133945,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2
      },
      {
        "tenant_name": "Johnson, Murphy and Bailey",
        "lease_start_date": "2019-10-16",
        "lease_end_date": "2026-06-07",
        "annual_rent": 963273,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Richardson, Scott and Marks",
        "lease_start_date": "2022-08-08",
        "lease_end_date": "2031-02-20",
        "annual_rent": 229495,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2
      },
      {
        "tenant_name": "Brooks, Mathis and Preston",
        "lease_start_date": "2023-01-13",
        "lease_end_date": "2028-06-26",
        "annual_rent": 62831,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3
      },
      {
        "tenant_name": "Cameron-Roberts",
        "lease_start_date": "2021-11-04",
        "lease_end_date": "2029-05-17",
        "annual_rent": 678164,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 3
      }
    ],
    "vacancy_rate_percentage": 19.46,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Total 3rdgeneration extranet)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Rate item often job finish degree campaign morning oil buy across many.",
        "parties_involved": "Barnett Group"
      }
    ]
  },
  "analyst_firm": "Young, Decker and Weaver"
}