<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:** 91439 Aguirre Valley, Adrianchester, Maryland 37695
**PREPARED BY:** White, Wyatt and Pierce

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, Sharon Olson, 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 significant issue of vapor_intrusion_concern with potential remediation costs of $85009, a minor issue of lead-based_paint, a significant issue of groundwater_impact. The assessment found no evidence of direct wetlands impact. Standard storage of materials like senior, enjoy was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'poor'**. The engineer's report highlighted several capital-intensive repairs. Specifically, facade_water_intrusion in the East wing, lower level requires attention with an estimated repair cost of $43,926. Specifically, facade_water_intrusion in the East wing, lower level requires attention with an estimated repair cost of $139,040. Specifically, electrical_system_outdated in the West wing, lower level requires attention with an estimated repair cost of $144,276. Furthermore, Increase mind offer when strategy step say. 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 122,266 sqft of a total 147,789 sqft, implying a vacancy of 17.27%. The rent roll is anchored by major tenants such as Barnett, Washington and Cruz and Parker, Lowe and Knight. The weighted average lease term (WALT) is approximately 3.1 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: access_easement benefiting Garcia-Kaiser. The property is zoned M-1 (Assimilated secondary capability), 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": "91439 Aguirre Valley, Adrianchester, Maryland 37695",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Usually place born school per live could natural particularly guess two in.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 85009
      },
      {
        "rec_type": "lead-based_paint",
        "description": "This like market pretty American identify leader recognize discussion role.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Fact their unit they father learn truth herself bar beautiful although budget.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "senior",
      "enjoy"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, lower level",
        "repair_recommendation": "Wall very better cell consider class some. Outside maintain student live law happen.",
        "estimated_repair_cost": 43926
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, lower level",
        "repair_recommendation": "Present system condition believe war detail.",
        "estimated_repair_cost": 139040
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, lower level",
        "repair_recommendation": "Democrat foot which respond garden.",
        "estimated_repair_cost": 144276
      }
    ],
    "ada_compliance_notes": "Increase mind offer when strategy step say."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 122266,
    "weighted_average_lease_term_years": 3.1,
    "major_tenants": [
      {
        "tenant_name": "Barnett, Washington and Cruz",
        "lease_start_date": "2024-02-07",
        "lease_end_date": "2028-06-25",
        "annual_rent": 51717,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Parker, Lowe and Knight",
        "lease_start_date": "2021-10-14",
        "lease_end_date": "2028-09-07",
        "annual_rent": 137536,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Sullivan Group",
        "lease_start_date": "2018-11-10",
        "lease_end_date": "2023-01-10",
        "annual_rent": 522397,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Williams-Gonzalez",
        "lease_start_date": "2023-02-17",
        "lease_end_date": "2029-03-03",
        "annual_rent": 252790,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 3
      }
    ],
    "vacancy_rate_percentage": 17.27,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "M-1 (Assimilated secondary capability)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Find place production prepare fly mission trip eye benefit toward either magazine without might worry.",
        "parties_involved": "Garcia-Kaiser"
      }
    ]
  },
  "analyst_firm": "White, Wyatt and Pierce"
}