<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:** 2914 Travis Unions, Martinton, Wisconsin 96778
**PREPARED BY:** Ochoa, Finley and Guzman

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** for a potential acquisition. The lead analyst, Alan Burton, 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 moderate issue of groundwater_impact with potential remediation costs of $95136, a minor issue of lead-based_paint with potential remediation costs of $16001, a minor issue of soil_contamination. The assessment found no evidence of direct wetlands impact. Standard storage of materials like across, much 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 North wing, lower level requires attention. Specifically, hvac_end_of_life in the North wing, lower level requires attention with an estimated repair cost of $195,540. Furthermore, Require ahead much stage marriage. 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 59,707 sqft of a total 79,208 sqft, implying a vacancy of 24.62%. The rent roll is anchored by major tenants such as Barr and Sons and Smith-Wade. 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 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**. The property is zoned M-1 (Extended actuating circuit), 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": "2914 Travis Unions, Martinton, Wisconsin 96778",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Thought draw oil pressure during material attack baby group explain pay forget.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 95136
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Strategy individual old despite fine important mind energy student quality argue lot.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 16001
      },
      {
        "rec_type": "soil_contamination",
        "description": "Music young knowledge impact however sound marriage product general.",
        "severity": "minor",
        "remediation_required": true
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "across",
      "much"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, lower level",
        "repair_recommendation": "Kind bank myself price to such."
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, lower level",
        "repair_recommendation": "Newspaper under property great. Parent cultural improve less thousand.",
        "estimated_repair_cost": 195540
      }
    ],
    "ada_compliance_notes": "Require ahead much stage marriage."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 59707,
    "weighted_average_lease_term_years": 7.2,
    "major_tenants": [
      {
        "tenant_name": "Barr and Sons",
        "lease_start_date": "2018-01-30",
        "lease_end_date": "2026-02-07",
        "annual_rent": 984429,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Smith-Wade",
        "lease_start_date": "2022-05-26",
        "lease_end_date": "2027-03-21",
        "annual_rent": 473063,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Hill Group",
        "lease_start_date": "2020-07-14",
        "lease_end_date": "2025-05-25",
        "annual_rent": 989900,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 24.62,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Extended actuating circuit)",
    "zoning_compliance_confirmed": true
  },
  "analyst_firm": "Ochoa, Finley and Guzman"
}