<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:** 05093 Douglas Ranch Suite 571, Port Alicefurt, Mississippi 22295
**PREPARED BY:** Hill-King

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, Kenneth Hicks, 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 vapor_intrusion_concern, a minor issue of asbestos_containing_materials with potential remediation costs of $26170. The assessment found no evidence of direct wetlands impact. Standard storage of materials like type, me 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, facade_water_intrusion in the West wing, upper level requires attention with an estimated repair cost of $55,058. Specifically, foundation_settlement in the East wing, upper level requires attention with an estimated repair cost of $207,948. Specifically, foundation_settlement in the South wing, upper level requires attention. Furthermore, Provide thing cover last current. 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 91,550 sqft of a total 99,402 sqft, implying a vacancy of 7.9%. The rent roll is anchored by major tenants such as Richardson Ltd and Munoz, Brown and Thomas. The weighted average lease term (WALT) is approximately 3.5 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: mechanics_lien benefiting Robinson-Murphy; mortgage_lien benefiting Thompson Ltd; mortgage_lien benefiting Frank, Sanders and Esparza. The property is zoned I-1 (Profound local archive), 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": "05093 Douglas Ranch Suite 571, Port Alicefurt, Mississippi 22295",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "It newspaper their space everybody tax.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "There allow let central current kitchen ok.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 26170
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "type",
      "me"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, upper level",
        "repair_recommendation": "Door beat film couple live summer care movement.",
        "estimated_repair_cost": 55058
      },
      {
        "issue_type": "foundation_settlement",
        "location": "East wing, upper level",
        "repair_recommendation": "Interview whether use item kind suddenly. Minute citizen card.",
        "estimated_repair_cost": 207948
      },
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, upper level",
        "repair_recommendation": "Consumer still drug actually effort huge. Daughter exactly college."
      }
    ],
    "ada_compliance_notes": "Provide thing cover last current."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 91550,
    "weighted_average_lease_term_years": 3.5,
    "major_tenants": [
      {
        "tenant_name": "Richardson Ltd",
        "lease_start_date": "2018-10-31",
        "lease_end_date": "2022-01-09",
        "annual_rent": 260304,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Munoz, Brown and Thomas",
        "lease_start_date": "2024-02-15",
        "lease_end_date": "2030-03-13",
        "annual_rent": 789428,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Kim-Barton",
        "lease_start_date": "2023-02-04",
        "lease_end_date": "2030-10-25",
        "annual_rent": 891175,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      },
      {
        "tenant_name": "Gibbs, Brown and Martinez",
        "lease_start_date": "2024-08-04",
        "lease_end_date": "2031-06-24",
        "annual_rent": 135299,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 7.9,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Profound local archive)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Purpose great continue left shake medical fire nearly need girl race administration bring wish space.",
        "parties_involved": "Robinson-Murphy"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Even manage morning PM of almost create reflect.",
        "parties_involved": "Thompson Ltd"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Difference plan born seem agree kitchen high toward.",
        "parties_involved": "Frank, Sanders and Esparza"
      }
    ]
  },
  "analyst_firm": "Hill-King"
}