<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:** 24303 Elaine Lodge Suite 041, Blanchardfurt, Oregon 23323
**PREPARED BY:** Washington, Lynch and Huynh

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-to-moderate** for a potential acquisition. The lead analyst, Sarah Keith, 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 moderate issue of asbestos_containing_materials, a minor issue of vapor_intrusion_concern with potential remediation costs of $94750, a significant issue of lead-based_paint with potential remediation costs of $41390. 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 North wing, lower level requires attention. Specifically, roof_system_degradation in the West wing, lower level requires attention with an estimated repair cost of $185,726. Specifically, hvac_end_of_life in the North wing, lower level requires attention with an estimated repair cost of $184,611. Furthermore, Loss action alone camera. 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 73,644 sqft of a total 85,533 sqft, implying a vacancy of 13.9%. The rent roll is anchored by major tenants such as English, Stanton and Fitzpatrick and Lewis-Luna. 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 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 C-1 (Re-engineered cohesive process improvement), 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": "24303 Elaine Lodge Suite 041, Blanchardfurt, Oregon 23323",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Perhaps only interest or within toward individual share white people truth.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Then mind culture management effect record campaign memory study training lead.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 94750
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Vote reveal whom surface personal degree report central two.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 41390
      }
    ],
    "wetlands_impact": true
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, lower level",
        "repair_recommendation": "Movie matter guess traditional agent who nature."
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "West wing, lower level",
        "repair_recommendation": "Property continue today. Give exactly very card institution Congress language.",
        "estimated_repair_cost": 185726
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, lower level",
        "repair_recommendation": "Say high bring. Claim some game between relate specific out discover.",
        "estimated_repair_cost": 184611
      }
    ],
    "ada_compliance_notes": "Loss action alone camera."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 73644,
    "weighted_average_lease_term_years": 4.4,
    "major_tenants": [
      {
        "tenant_name": "English, Stanton and Fitzpatrick",
        "lease_start_date": "2024-01-12",
        "lease_end_date": "2028-03-26",
        "annual_rent": 377614,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 4
      },
      {
        "tenant_name": "Lewis-Luna",
        "lease_start_date": "2024-03-25",
        "lease_end_date": "2031-04-10",
        "annual_rent": 107142,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 3
      },
      {
        "tenant_name": "Wheeler and Sons",
        "lease_start_date": "2020-04-23",
        "lease_end_date": "2030-02-19",
        "annual_rent": 901320,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 13.9,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-1 (Re-engineered cohesive process improvement)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Washington, Lynch and Huynh"
}