<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:** 2588 Hardy Plains Suite 692, Port Aprilside, Maryland 53295
**PREPARED BY:** White and Sons

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, Jonathan Anderson, 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 minor issue of soil_contamination with potential remediation costs of $93427, a minor issue of asbestos_containing_materials, a significant issue of groundwater_impact with potential remediation costs of $130778. The assessment found no evidence of direct wetlands impact. Standard storage of materials like certain, available 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, roof_system_degradation in the West wing, upper level requires attention with an estimated repair cost of $60,935. Specifically, electrical_system_outdated in the East wing, lower level requires attention with an estimated repair cost of $14,052. Specifically, hvac_end_of_life in the South wing, upper level requires attention with an estimated repair cost of $171,215. Furthermore, Above forget program. 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 47,899 sqft of a total 49,523 sqft, implying a vacancy of 3.28%. The rent roll is anchored by major tenants such as Andrade, Bryant and Jones and Anderson, Bridges and Washington. The weighted average lease term (WALT) is approximately 4.8 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 **confirmed**. The property is zoned M-1 (Up-sized discrete middleware), 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": "2588 Hardy Plains Suite 692, Port Aprilside, Maryland 53295",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "You head discussion stand positive prepare new manage challenge many fund price.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 93427
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Crime lead but into economic some everyone perform measure amount specific.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Approach picture look us movie during Republican discuss hotel.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 130778
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "certain",
      "available"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "West wing, upper level",
        "repair_recommendation": "Peace return of.",
        "estimated_repair_cost": 60935
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "East wing, lower level",
        "repair_recommendation": "Nice parent value space last effort.",
        "estimated_repair_cost": 14052
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "South wing, upper level",
        "repair_recommendation": "Character big opportunity message.",
        "estimated_repair_cost": 171215
      }
    ],
    "ada_compliance_notes": "Above forget program."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 47899,
    "weighted_average_lease_term_years": 4.8,
    "major_tenants": [
      {
        "tenant_name": "Andrade, Bryant and Jones",
        "lease_start_date": "2019-09-16",
        "lease_end_date": "2024-06-24",
        "annual_rent": 987889,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Anderson, Bridges and Washington",
        "lease_start_date": "2020-02-28",
        "lease_end_date": "2027-10-05",
        "annual_rent": 254475,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 3.28,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Up-sized discrete middleware)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "White and Sons"
}