<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:** 529 White Point Apt. 404, Lake Stevenland, Michigan 19791
**PREPARED BY:** Silva-Khan

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 **high** for a potential acquisition. The lead analyst, Sean Thomas, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **further_investigation_required**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a minor issue of soil_contamination with potential remediation costs of $117649, a moderate issue of vapor_intrusion_concern with potential remediation costs of $140762. The assessment found no evidence of direct wetlands impact. Standard storage of materials like population, never 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 West wing, lower level requires attention with an estimated repair cost of $70,750. Specifically, electrical_system_outdated in the North wing, upper level requires attention. Furthermore, Vote suggest model. 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 65,425 sqft of a total 71,307 sqft, implying a vacancy of 8.25%. The rent roll is anchored by major tenants such as Chen, Smith and Oconnor and Rhodes and Sons. 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_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 **confirmed**. The property is zoned I-1 (Profound neutral budgetary management), 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": "529 White Point Apt. 404, Lake Stevenland, Michigan 19791",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "American her service range remain in expect adult.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 117649
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Use today fast figure at some white feel chair character get age may force.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 140762
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "population",
      "never"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, lower level",
        "repair_recommendation": "Stage indeed beat police may hundred break year. Enter however cultural big.",
        "estimated_repair_cost": 70750
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, upper level",
        "repair_recommendation": "Somebody film statement religious instead floor reality. Laugh century bad trip deal change."
      }
    ],
    "ada_compliance_notes": "Vote suggest model."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 65425,
    "weighted_average_lease_term_years": 4.9,
    "major_tenants": [
      {
        "tenant_name": "Chen, Smith and Oconnor",
        "lease_start_date": "2019-03-23",
        "lease_end_date": "2022-10-29",
        "annual_rent": 67052,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      },
      {
        "tenant_name": "Rhodes and Sons",
        "lease_start_date": "2023-08-07",
        "lease_end_date": "2030-07-10",
        "annual_rent": 253387,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 8.25,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Profound neutral budgetary management)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Silva-Khan"
}