<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:** 4972 Joseph Ranch Apt. 703, Youngtown, Wyoming 82659
**PREPARED BY:** Garcia, Escobar and James

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 **moderate** for a potential acquisition. The lead analyst, William Jones, 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 asbestos_containing_materials with potential remediation costs of $135009, a significant issue of asbestos_containing_materials, a minor issue of soil_contamination with potential remediation costs of $57895, a significant issue of asbestos_containing_materials with potential remediation costs of $42820. The assessment found no evidence of direct wetlands impact. Standard storage of materials like line, would was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'fair'**. The engineer's report highlighted several capital-intensive repairs. Specifically, foundation_settlement in the North wing, upper level requires attention with an estimated repair cost of $203,021. Specifically, hvac_end_of_life in the South wing, upper level requires attention with an estimated repair cost of $150,752. Furthermore, Upon when Mr need. 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 76,556 sqft of a total 79,005 sqft, implying a vacancy of 3.1%. The rent roll is anchored by major tenants such as Parrish and Sons and Stanton, Kelley and Rogers. The weighted average lease term (WALT) is approximately 7.2 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including negotiated_increase. 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 (Polarized reciprocal infrastructure), and its current use is deemed compliant with local ordinances. We are not aware of any pending litigation concerning the property at this time. </data>
{
  "property_identifier": "4972 Joseph Ranch Apt. 703, Youngtown, Wyoming 82659",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Threat son lot magazine successful believe real word life.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 135009
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Exist ask rise picture onto understand fine many agency day sea.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Yourself technology policy first hold history pretty rate create ask behind minute.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 57895
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Energy design senior here yes tax certainly skin base.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 42820
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "line",
      "would"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, upper level",
        "repair_recommendation": "Town whole who former trade popular decade cause. Need town reach leader up group explain participant.",
        "estimated_repair_cost": 203021
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "South wing, upper level",
        "repair_recommendation": "Risk be go hospital consider voice see.",
        "estimated_repair_cost": 150752
      }
    ],
    "ada_compliance_notes": "Upon when Mr need."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 76556,
    "weighted_average_lease_term_years": 7.2,
    "major_tenants": [
      {
        "tenant_name": "Parrish and Sons",
        "lease_start_date": "2023-07-31",
        "lease_end_date": "2030-10-20",
        "annual_rent": 251723,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3
      },
      {
        "tenant_name": "Stanton, Kelley and Rogers",
        "lease_start_date": "2018-09-09",
        "lease_end_date": "2021-11-07",
        "annual_rent": 452270,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1,
        "option_term_years": 3
      },
      {
        "tenant_name": "Owens and Sons",
        "lease_start_date": "2018-12-01",
        "lease_end_date": "2026-12-27",
        "annual_rent": 213602,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3
      },
      {
        "tenant_name": "Wolfe, Bright and Higgins",
        "lease_start_date": "2023-12-22",
        "lease_end_date": "2031-12-27",
        "annual_rent": 391526,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3
      }
    ],
    "vacancy_rate_percentage": 3.1,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Polarized reciprocal infrastructure)",
    "zoning_compliance_confirmed": true
  },
  "analyst_firm": "Garcia, Escobar and James"
}