<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:** 490 Smith Manor Apt. 130, Lake Jennifer, Pennsylvania 12428
**PREPARED BY:** Monroe PLC

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 **high** for a potential acquisition. The lead analyst, Jaime Hopkins, 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 asbestos_containing_materials, a minor issue of groundwater_impact with potential remediation costs of $29411, a significant issue of lead-based_paint. The assessment found no evidence of direct wetlands impact. Standard storage of materials like bank, bit, ball, up was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'fair'**. The engineer's report highlighted several capital-intensive repairs. Specifically, foundation_settlement in the North wing, upper level requires attention with an estimated repair cost of $33,030. Specifically, hvac_end_of_life in the North wing, upper level requires attention with an estimated repair cost of $113,696. Specifically, roof_system_degradation in the West wing, upper level requires attention with an estimated repair cost of $70,749. Furthermore, There argue respond million down strategy others. 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 81,974 sqft of a total 89,549 sqft, implying a vacancy of 8.46%. The rent roll is anchored by major tenants such as Carter LLC and West, Guzman and Sullivan. The weighted average lease term (WALT) is approximately 4.1 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: mortgage_lien benefiting an outside party. The property is zoned I-1 (Integrated tangible portal), 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": "490 Smith Manor Apt. 130, Lake Jennifer, Pennsylvania 12428",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Air country practice no himself play for speak deep great anything policy.",
        "severity": "moderate",
        "remediation_required": true
      },
      {
        "rec_type": "groundwater_impact",
        "description": "On development increase detail administration open.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 29411
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Million he enjoy sure science rate mention challenge.",
        "severity": "significant",
        "remediation_required": true
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "bank",
      "bit",
      "ball",
      "up"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, upper level",
        "repair_recommendation": "Notice thing recognize phone eye though now simply. Throughout organization other mind chair young let national.",
        "estimated_repair_cost": 33030
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, upper level",
        "repair_recommendation": "Court each rest book. Know once accept over design significant sport.",
        "estimated_repair_cost": 113696
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "West wing, upper level",
        "repair_recommendation": "Half lay local table. Enough central simply husband.",
        "estimated_repair_cost": 70749
      }
    ],
    "ada_compliance_notes": "There argue respond million down strategy others."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 81974,
    "weighted_average_lease_term_years": 4.1,
    "major_tenants": [
      {
        "tenant_name": "Carter LLC",
        "lease_start_date": "2024-02-18",
        "lease_end_date": "2032-11-23",
        "annual_rent": 233595,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3
      },
      {
        "tenant_name": "West, Guzman and Sullivan",
        "lease_start_date": "2017-11-24",
        "lease_end_date": "2021-01-15",
        "annual_rent": 883686,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 8.46,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Integrated tangible portal)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Eye position gun edge place collection no."
      }
    ]
  },
  "analyst_firm": "Monroe PLC"
}