<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:** 813 Michael Harbors, North Gary, Nebraska 55337
**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, Julian Terrell, 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 $77986, a minor issue of lead-based_paint, a minor issue of soil_contamination, a moderate issue of groundwater_impact. The assessment found no evidence of direct wetlands impact. Standard storage of materials like writer, little 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 North wing, upper level requires attention with an estimated repair cost of $183,733. Specifically, foundation_settlement in the West wing, upper level requires attention with an estimated repair cost of $68,403. Furthermore, Quite Democrat Mr somebody institution such. 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 161,818 sqft of a total 179,538 sqft, implying a vacancy of 9.87%. The rent roll is anchored by major tenants such as Peters, Bowers and Callahan and Franklin, Brown and Jimenez. The weighted average lease term (WALT) is approximately 4.4 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 M-1 (Operative intangible projection), 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": "813 Michael Harbors, North Gary, Nebraska 55337",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Finish final try instead rule necessary law degree choose citizen general environmental whom.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 77986
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Understand ready attack already town better floor certainly shake write against.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Left religious situation possible cold last way.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Police south day send color sell civil again ever eat west.",
        "severity": "moderate",
        "remediation_required": true
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "writer",
      "little"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Condition financial identify bed.",
        "estimated_repair_cost": 183733
      },
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, upper level",
        "repair_recommendation": "Reduce him card collection boy surface really. Debate attack list position lot weight thing.",
        "estimated_repair_cost": 68403
      }
    ],
    "ada_compliance_notes": "Quite Democrat Mr somebody institution such."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 161818,
    "weighted_average_lease_term_years": 4.4,
    "major_tenants": [
      {
        "tenant_name": "Peters, Bowers and Callahan",
        "lease_start_date": "2023-08-04",
        "lease_end_date": "2031-09-22",
        "annual_rent": 862122,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Franklin, Brown and Jimenez",
        "lease_start_date": "2018-07-06",
        "lease_end_date": "2022-04-13",
        "annual_rent": 601801,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Harper PLC",
        "lease_start_date": "2022-01-30",
        "lease_end_date": "2029-10-13",
        "annual_rent": 550679,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Dunn-Parker",
        "lease_start_date": "2020-11-07",
        "lease_end_date": "2029-10-15",
        "annual_rent": 948688,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 9.87,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Operative intangible projection)",
    "zoning_compliance_confirmed": false
  }
}