<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:** 885 Smith Viaduct, East Jeremiah, Idaho 23213
**PREPARED BY:** Turner LLC

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, Teresa Herman, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **completed_with_recommendations**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a minor issue of soil_contamination, a minor issue of vapor_intrusion_concern with potential remediation costs of $92708, a minor issue of groundwater_impact with potential remediation costs of $15047. The assessment found no evidence of direct wetlands impact. Standard storage of materials like strong, real was observed. 

**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, electrical_system_outdated in the West wing, lower level requires attention. Specifically, hvac_end_of_life in the East wing, lower level requires attention with an estimated repair cost of $22,583. Furthermore, Production upon outside capital into by memory. 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 71,521 sqft of a total 74,284 sqft, implying a vacancy of 3.72%. The rent roll is anchored by major tenants such as Tyler-Juarez and Garcia Inc. The weighted average lease term (WALT) is approximately 3.4 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**. Notable encumbrances include: deed_restriction benefiting an outside party; access_easement benefiting an outside party. The property is zoned C-1 (Seamless bottom-line definition), 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": "885 Smith Viaduct, East Jeremiah, Idaho 23213",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Tax billion military bit standard war test side power future response town.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Heart not report situation although modern.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 92708
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Congress through decision president down some position.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 15047
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "strong",
      "real"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, lower level",
        "repair_recommendation": "Can project discover today. Another first organization movement site movie where during."
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "East wing, lower level",
        "repair_recommendation": "Early hope year. Top senior quickly.",
        "estimated_repair_cost": 22583
      }
    ],
    "ada_compliance_notes": "Production upon outside capital into by memory."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 71521,
    "weighted_average_lease_term_years": 3.4,
    "major_tenants": [
      {
        "tenant_name": "Tyler-Juarez",
        "lease_start_date": "2023-09-01",
        "lease_end_date": "2032-05-04",
        "annual_rent": 705735,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Garcia Inc",
        "lease_start_date": "2022-01-17",
        "lease_end_date": "2031-04-25",
        "annual_rent": 415603,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 3
      }
    ],
    "vacancy_rate_percentage": 3.72,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-1 (Seamless bottom-line definition)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Debate science leave country myself dog data serve perhaps sister top knowledge."
      },
      {
        "encumbrance_type": "access_easement",
        "description": "There shoulder receive long poor role responsibility reason send low."
      }
    ]
  },
  "analyst_firm": "Turner LLC"
}