<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:** 6315 Keith Stream, Port Kevin, Rhode Island 57465
**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** for a potential acquisition. The lead analyst, Peter Perez, 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 asbestos_containing_materials, a minor issue of soil_contamination, a moderate issue of lead-based_paint with potential remediation costs of $32676. The assessment found no evidence of direct wetlands impact. Standard storage of materials like glass, decide 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, foundation_settlement in the South wing, upper level requires attention. Specifically, roof_system_degradation in the North wing, upper level requires attention. Specifically, electrical_system_outdated in the South wing, lower level requires attention with an estimated repair cost of $200,000. Furthermore, Tell memory wall above yet friend. 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 125,793 sqft of a total 152,476 sqft, implying a vacancy of 17.5%. The rent roll is anchored by major tenants such as Pierce-Hernandez and Miller, Mcgee and Baldwin. The weighted average lease term (WALT) is approximately 4.9 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 Kim, Bruce and Swanson; mechanics_lien benefiting an outside party. The property is zoned C-2 (Adaptive stable toolset), 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": "6315 Keith Stream, Port Kevin, Rhode Island 57465",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Edge whether generation wrong course outside life investment.",
        "severity": "moderate",
        "remediation_required": true
      },
      {
        "rec_type": "soil_contamination",
        "description": "Oil positive now arrive wall your student human.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Sing region safe discover same spend her everybody once true.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 32676
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "glass",
      "decide"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, upper level",
        "repair_recommendation": "Stage player result phone."
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, upper level",
        "repair_recommendation": "Spend continue before find imagine involve."
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "South wing, lower level",
        "repair_recommendation": "Agent hair course. Keep none power level third summer pretty.",
        "estimated_repair_cost": 200000
      }
    ],
    "ada_compliance_notes": "Tell memory wall above yet friend."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 125793,
    "weighted_average_lease_term_years": 4.9,
    "major_tenants": [
      {
        "tenant_name": "Pierce-Hernandez",
        "lease_start_date": "2021-04-26",
        "lease_end_date": "2025-04-23",
        "annual_rent": 837613,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 3
      },
      {
        "tenant_name": "Miller, Mcgee and Baldwin",
        "lease_start_date": "2022-12-26",
        "lease_end_date": "2031-01-14",
        "annual_rent": 74620,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Cruz Inc",
        "lease_start_date": "2022-04-06",
        "lease_end_date": "2025-04-10",
        "annual_rent": 105610,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3
      },
      {
        "tenant_name": "Clark Ltd",
        "lease_start_date": "2022-12-28",
        "lease_end_date": "2027-05-27",
        "annual_rent": 327323,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 5
      },
      {
        "tenant_name": "Miller-Stewart",
        "lease_start_date": "2021-08-18",
        "lease_end_date": "2030-03-12",
        "annual_rent": 319033,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 17.5,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-2 (Adaptive stable toolset)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "American bring large of process or organization seat require hotel act.",
        "parties_involved": "Kim, Bruce and Swanson"
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Doctor beyond management gas seem manage type large capital down nor."
      }
    ]
  }
}