<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:** 935 Rogers Forge Apt. 970, Christytown, Nevada 25456
**PREPARED BY:** Mitchell-Lopez

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, Allison Stephens, 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 significant issue of groundwater_impact, a minor issue of groundwater_impact, a moderate issue of vapor_intrusion_concern with potential remediation costs of $41911. The assessment found no evidence of direct wetlands impact. No significant quantities of hazardous materials were noted on-site.

**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 $207,734. Specifically, roof_system_degradation in the South wing, upper level requires attention with an estimated repair cost of $174,166. Specifically, electrical_system_outdated in the South wing, lower level requires attention with an estimated repair cost of $16,267. 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 91,978 sqft of a total 103,754 sqft, implying a vacancy of 11.35%. The rent roll is anchored by major tenants such as Dickerson, Lawson and Gates and Thompson, Williams and Rosario. The weighted average lease term (WALT) is approximately 4.1 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 (Ameliorated bandwidth-monitored analyzer), 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": "935 Rogers Forge Apt. 970, Christytown, Nevada 25456",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Last range at book weight despite almost program probably field.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Skill court free rule when someone agree follow world decide thought future up.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Region hot mouth house interview son bag occur source away consumer life off.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 41911
      }
    ],
    "wetlands_impact": false
  },
  "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": "Assume thousand save statement.",
        "estimated_repair_cost": 207734
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "South wing, upper level",
        "repair_recommendation": "Up for mission trade quickly without marriage.",
        "estimated_repair_cost": 174166
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "South wing, lower level",
        "repair_recommendation": "Behavior popular down oil power mean.",
        "estimated_repair_cost": 16267
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 91978,
    "weighted_average_lease_term_years": 4.1,
    "major_tenants": [
      {
        "tenant_name": "Dickerson, Lawson and Gates",
        "lease_start_date": "2019-06-17",
        "lease_end_date": "2025-11-06",
        "annual_rent": 353024,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Thompson, Williams and Rosario",
        "lease_start_date": "2023-10-10",
        "lease_end_date": "2028-09-02",
        "annual_rent": 398128,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 11.35,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Ameliorated bandwidth-monitored analyzer)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Mitchell-Lopez"
}