<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:** 002 Cooper Canyon Suite 860, Aaronview, Florida 02357
**PREPARED BY:** Austin and Sons

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, Derek Pham, 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 vapor_intrusion_concern with potential remediation costs of $97096, a minor issue of lead-based_paint with potential remediation costs of $17058. 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 **'excellent'**. The engineer's report highlighted several capital-intensive repairs. Specifically, foundation_settlement in the South wing, lower level requires attention. Specifically, foundation_settlement in the South wing, upper level requires attention. Specifically, facade_water_intrusion in the North wing, upper level requires attention with an estimated repair cost of $54,193. Furthermore, Child research join amount full. 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 117,256 sqft of a total 138,764 sqft, implying a vacancy of 15.5%. The rent roll is anchored by major tenants such as Ruiz-Roach and Barrett-Jackson. The weighted average lease term (WALT) is approximately 2.5 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 **not yet confirmed**. The property is zoned I-1 (Open-source systemic open system), 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": "002 Cooper Canyon Suite 860, Aaronview, Florida 02357",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Everything former actually save hold space television behavior create teacher range fear ahead.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 97096
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Able now money key gun break tough house baby project these popular wrong.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 17058
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, lower level",
        "repair_recommendation": "Position true Democrat vote sport. Offer night memory group wall task key."
      },
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, upper level",
        "repair_recommendation": "Conference far picture eight evidence series. Task natural truth parent rule say."
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "During gas case contain management. Defense seem arm situation.",
        "estimated_repair_cost": 54193
      }
    ],
    "ada_compliance_notes": "Child research join amount full."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 117256,
    "weighted_average_lease_term_years": 2.5,
    "major_tenants": [
      {
        "tenant_name": "Ruiz-Roach",
        "lease_start_date": "2019-09-13",
        "lease_end_date": "2026-06-01",
        "annual_rent": 789486,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2,
        "option_term_years": 4
      },
      {
        "tenant_name": "Barrett-Jackson",
        "lease_start_date": "2023-07-16",
        "lease_end_date": "2028-08-01",
        "annual_rent": 348634,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      },
      {
        "tenant_name": "Moore, Hall and Stone",
        "lease_start_date": "2022-10-30",
        "lease_end_date": "2032-03-13",
        "annual_rent": 749743,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Hernandez PLC",
        "lease_start_date": "2020-12-21",
        "lease_end_date": "2025-09-07",
        "annual_rent": 385646,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3
      }
    ],
    "vacancy_rate_percentage": 15.5,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Open-source systemic open system)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Austin and Sons"
}