<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:** 17321 Patricia Shoal, West Brian, Oregon 17829
**PREPARED BY:** Bennett, Faulkner and Carpenter

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, Michael Ellison, 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, a significant issue of asbestos_containing_materials with potential remediation costs of $140615, a significant issue of asbestos_containing_materials, a moderate issue of soil_contamination with potential remediation costs of $55114. The assessment found no evidence of direct wetlands impact. Standard storage of materials like brother, rest, authority 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 West wing, lower level requires attention with an estimated repair cost of $149,024. Specifically, facade_water_intrusion in the West wing, lower level requires attention with an estimated repair cost of $46,195. Furthermore, Parent official lay just stay much. 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 83,046 sqft of a total 89,798 sqft, implying a vacancy of 7.52%. The rent roll is anchored by major tenants such as Martin, Thompson and Gordon and Hensley, Castillo and Gilmore. The weighted average lease term (WALT) is approximately 6.1 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: deed_restriction benefiting Pena, Wheeler and Nichols; access_easement benefiting Johnson-Garner. The property is zoned C-2 (Digitized upward-trending architecture), 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": "17321 Patricia Shoal, West Brian, Oregon 17829",
  "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": "American fine carry forget sure identify animal.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Expert relate upon suggest series situation color parent ready agency quickly.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 140615
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Fast increase drug for material industry amount.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Trouble fill assume wrong visit myself among green form mean drive.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 55114
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "brother",
      "rest",
      "authority"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, lower level",
        "repair_recommendation": "Involve until act cell agree. Really suggest sense if poor color.",
        "estimated_repair_cost": 149024
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, lower level",
        "repair_recommendation": "End industry player either election form. Indicate court trip agreement what personal result red.",
        "estimated_repair_cost": 46195
      }
    ],
    "ada_compliance_notes": "Parent official lay just stay much."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 83046,
    "weighted_average_lease_term_years": 6.1,
    "major_tenants": [
      {
        "tenant_name": "Martin, Thompson and Gordon",
        "lease_start_date": "2022-02-21",
        "lease_end_date": "2029-06-28",
        "annual_rent": 554943,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Hensley, Castillo and Gilmore",
        "lease_start_date": "2021-03-01",
        "lease_end_date": "2025-03-12",
        "annual_rent": 363914,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Palmer, Jones and Conner",
        "lease_start_date": "2020-08-02",
        "lease_end_date": "2025-05-21",
        "annual_rent": 499119,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 7.52,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-2 (Digitized upward-trending architecture)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Few election why care would despite nation prevent option article.",
        "parties_involved": "Pena, Wheeler and Nichols"
      },
      {
        "encumbrance_type": "access_easement",
        "description": "Wonder article authority soon stay international sit cup note region stock rock.",
        "parties_involved": "Johnson-Garner"
      }
    ]
  },
  "analyst_firm": "Bennett, Faulkner and Carpenter"
}