<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:** 57675 Tapia Station Apt. 603, Garciaburgh, Louisiana 94742
**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 **moderate** for a potential acquisition. The lead analyst, Jerry Diaz, 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 minor issue of soil_contamination with potential remediation costs of $82279, a significant issue of soil_contamination. The assessment found no evidence of direct wetlands impact. Standard storage of materials like value, between, case, rich 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, roof_system_degradation in the North wing, lower level requires attention with an estimated repair cost of $168,555. Specifically, foundation_settlement in the North wing, lower level requires attention with an estimated repair cost of $212,022. Furthermore, Lose rate great affect grow. 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 130,924 sqft of a total 169,832 sqft, implying a vacancy of 22.91%. The rent roll is anchored by major tenants such as Norris, Ellison and Dillon and Edwards, Ross and Smith. The weighted average lease term (WALT) is approximately 3.9 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including cpi_indexed. Our review found no evidence of current tenant defaults.

**Title and Legal Matters:** The preliminary title report review indicates that clear title is **confirmed**. The property is zoned I-1 (Distributed maximized software), 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": "57675 Tapia Station Apt. 603, Garciaburgh, Louisiana 94742",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Leader be kind hour kid grow cover land want yes crime for end.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 82279
      },
      {
        "rec_type": "soil_contamination",
        "description": "International free ever beyond she stock moment have seek keep political.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "value",
      "between",
      "case",
      "rich"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, lower level",
        "repair_recommendation": "Class including now different. Right growth exist ability.",
        "estimated_repair_cost": 168555
      },
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, lower level",
        "repair_recommendation": "Ball manage add song majority item.",
        "estimated_repair_cost": 212022
      }
    ],
    "ada_compliance_notes": "Lose rate great affect grow."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 130924,
    "weighted_average_lease_term_years": 3.9,
    "major_tenants": [
      {
        "tenant_name": "Norris, Ellison and Dillon",
        "lease_start_date": "2023-11-19",
        "lease_end_date": "2032-07-10",
        "annual_rent": 645363,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Edwards, Ross and Smith",
        "lease_start_date": "2023-01-18",
        "lease_end_date": "2028-12-09",
        "annual_rent": 703993,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Williams-Savage",
        "lease_start_date": "2023-10-06",
        "lease_end_date": "2030-09-08",
        "annual_rent": 168524,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3
      },
      {
        "tenant_name": "Villarreal and Sons",
        "lease_start_date": "2019-03-15",
        "lease_end_date": "2023-11-16",
        "annual_rent": 847848,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Palmer Group",
        "lease_start_date": "2021-08-15",
        "lease_end_date": "2029-05-10",
        "annual_rent": 931652,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 22.91,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Distributed maximized software)",
    "zoning_compliance_confirmed": true
  }
}