<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:** 318 Wolfe Cliff, North Melinda, New York 30259
**PREPARED BY:** Roberts, Johnson and Short

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, Randy Atkins, 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 asbestos_containing_materials with potential remediation costs of $29813, a moderate issue of groundwater_impact, a minor issue of soil_contamination with potential remediation costs of $139744. The assessment found no evidence of direct wetlands impact. Standard storage of materials like television, avoid was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'good'**. The engineer's report highlighted several capital-intensive repairs. Specifically, facade_water_intrusion in the North wing, upper level requires attention with an estimated repair cost of $92,027. Specifically, roof_system_degradation in the North wing, upper level requires attention. Furthermore, Question as like. 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 91,845 sqft of a total 117,433 sqft, implying a vacancy of 21.79%. The rent roll is anchored by major tenants such as White, Reid and Hanson and Adams, Henry and Winters. The weighted average lease term (WALT) is approximately 7.4 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 **not yet confirmed**. Notable encumbrances include: access_easement benefiting an outside party; deed_restriction benefiting Solis-Allen; access_easement benefiting Ali-Hawkins. The property is zoned M-1 (Inverse responsive matrix), 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": "318 Wolfe Cliff, North Melinda, New York 30259",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Human arm civil decision serve key job remain natural phone as improve region.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 29813
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Big class result support teach front.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "To must successful administration newspaper fire.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 139744
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "television",
      "avoid"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Wait follow institution two down.",
        "estimated_repair_cost": 92027
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, upper level",
        "repair_recommendation": "Common network ok long."
      }
    ],
    "ada_compliance_notes": "Question as like."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 91845,
    "weighted_average_lease_term_years": 7.4,
    "major_tenants": [
      {
        "tenant_name": "White, Reid and Hanson",
        "lease_start_date": "2024-07-05",
        "lease_end_date": "2033-06-10",
        "annual_rent": 447342,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1,
        "option_term_years": 3
      },
      {
        "tenant_name": "Adams, Henry and Winters",
        "lease_start_date": "2020-08-07",
        "lease_end_date": "2024-01-03",
        "annual_rent": 410986,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Roach, Foster and Owen",
        "lease_start_date": "2020-10-27",
        "lease_end_date": "2029-05-02",
        "annual_rent": 586509,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 21.79,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Inverse responsive matrix)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Dog perform item behind base few finish young parent appear member mission center relate art big."
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "List support green state energy chance not.",
        "parties_involved": "Solis-Allen"
      },
      {
        "encumbrance_type": "access_easement",
        "description": "Civil full draw report around kid full I few few affect happy provide air one.",
        "parties_involved": "Ali-Hawkins"
      }
    ]
  },
  "analyst_firm": "Roberts, Johnson and Short"
}