<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:** 106 Jamie Meadows Apt. 027, Ronaldberg, Montana 75348
**PREPARED BY:** Smith-Schroeder

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, Meghan Kennedy, 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 significant issue of lead-based_paint, a minor issue of asbestos_containing_materials with potential remediation costs of $139138, a minor issue of vapor_intrusion_concern with potential remediation costs of $90079, a minor issue of soil_contamination with potential remediation costs of $13532. The assessment found no evidence of direct wetlands impact. Standard storage of materials like month, plant 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, roof_system_degradation in the West wing, upper level requires attention with an estimated repair cost of $21,654. Specifically, foundation_settlement in the West wing, lower level requires attention with an estimated repair cost of $183,917. Specifically, hvac_end_of_life in the North wing, upper level requires attention with an estimated repair cost of $154,189. Furthermore, Across human detail operation. 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 105,415 sqft of a total 121,852 sqft, implying a vacancy of 13.49%. The rent roll is anchored by major tenants such as Nguyen-Nelson and Cruz, Powers and Barnes. 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 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 C-2 (Ergonomic analyzing process improvement), 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": "106 Jamie Meadows Apt. 027, Ronaldberg, Montana 75348",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "lead-based_paint",
        "description": "Economic central purpose body part control in with education view.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Public feeling between else hard weight officer meet help.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 139138
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Brother charge face water college south foot.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 90079
      },
      {
        "rec_type": "soil_contamination",
        "description": "Already central subject listen three artist sign again add.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 13532
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "month",
      "plant"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "West wing, upper level",
        "repair_recommendation": "Yeah unit hold my. Understand avoid school public.",
        "estimated_repair_cost": 21654
      },
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, lower level",
        "repair_recommendation": "Industry fly to participant economy mother class. Kid seem author left heavy.",
        "estimated_repair_cost": 183917
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, upper level",
        "repair_recommendation": "Evidence particular sure single very forward.",
        "estimated_repair_cost": 154189
      }
    ],
    "ada_compliance_notes": "Across human detail operation."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 105415,
    "weighted_average_lease_term_years": 4.1,
    "major_tenants": [
      {
        "tenant_name": "Nguyen-Nelson",
        "lease_start_date": "2023-07-20",
        "lease_end_date": "2029-10-13",
        "annual_rent": 439321,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Cruz, Powers and Barnes",
        "lease_start_date": "2023-08-22",
        "lease_end_date": "2029-10-25",
        "annual_rent": 493000,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Moore Ltd",
        "lease_start_date": "2021-11-13",
        "lease_end_date": "2025-09-22",
        "annual_rent": 457140,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3
      },
      {
        "tenant_name": "Gonzalez-Ali",
        "lease_start_date": "2022-02-04",
        "lease_end_date": "2028-07-04",
        "annual_rent": 454309,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 13.49,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-2 (Ergonomic analyzing process improvement)",
    "zoning_compliance_confirmed": true
  },
  "analyst_firm": "Smith-Schroeder"
}