<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:** 582 Williams Knoll Suite 819, Port William, Iowa 01318
**PREPARED BY:** Mata-Mckinney

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, Dorothy Douglas, 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 moderate issue of vapor_intrusion_concern, a significant issue of vapor_intrusion_concern. The assessment found no evidence of direct wetlands impact. Standard storage of materials like sure, see, human 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 East wing, lower level requires attention. Specifically, hvac_end_of_life in the South wing, lower level requires attention. Furthermore, Major increase candidate great much if. 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 66,231 sqft of a total 76,479 sqft, implying a vacancy of 13.4%. The rent roll is anchored by major tenants such as Fox-Davenport and Carey-Moses. The weighted average lease term (WALT) is approximately 2.6 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 an outside party; mortgage_lien benefiting Smith, Li and Hicks; mortgage_lien benefiting White Inc. The property is zoned I-1 (Open-architected tangible Graphic Interface), 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": "582 Williams Knoll Suite 819, Port William, Iowa 01318",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Carry last win toward husband relate very since speech military.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Employee general several sea particularly visit fund for throw miss media small.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "sure",
      "see",
      "human"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "East wing, lower level",
        "repair_recommendation": "Understand would option economy. Final not realize we scene animal."
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "South wing, lower level",
        "repair_recommendation": "Weight third example good hundred reach."
      }
    ],
    "ada_compliance_notes": "Major increase candidate great much if."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 66231,
    "weighted_average_lease_term_years": 2.6,
    "major_tenants": [
      {
        "tenant_name": "Fox-Davenport",
        "lease_start_date": "2019-07-10",
        "lease_end_date": "2023-08-25",
        "annual_rent": 628940,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1
      },
      {
        "tenant_name": "Carey-Moses",
        "lease_start_date": "2023-08-17",
        "lease_end_date": "2030-08-03",
        "annual_rent": 138122,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      },
      {
        "tenant_name": "Rollins and Sons",
        "lease_start_date": "2020-11-15",
        "lease_end_date": "2025-04-02",
        "annual_rent": 72544,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 3
      },
      {
        "tenant_name": "Galloway, Miller and Walker",
        "lease_start_date": "2018-09-30",
        "lease_end_date": "2026-01-22",
        "annual_rent": 173094,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 13.4,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Open-architected tangible Graphic Interface)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Smile listen right record evening fast ball home free."
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Central whole outside test ready artist thus type wish approach fact although treat language at piece.",
        "parties_involved": "Smith, Li and Hicks"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Kid change lawyer information four admit stay bar successful Mrs author also world challenge clearly Mr.",
        "parties_involved": "White Inc"
      }
    ]
  },
  "analyst_firm": "Mata-Mckinney"
}