<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:** 62883 Anthony Plaza, South James, North Carolina 48080
**PREPARED BY:** Wolfe-Holmes

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, Alicia Vaughn, 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 moderate issue of asbestos_containing_materials with potential remediation costs of $28690, a significant issue of vapor_intrusion_concern with potential remediation costs of $127919, a minor issue of lead-based_paint, a significant issue of lead-based_paint. The assessment found no evidence of direct wetlands impact. Standard storage of materials like let, just, condition, type was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'good'**. The engineer's report highlighted several capital-intensive repairs. Specifically, electrical_system_outdated in the North wing, lower level requires attention. Specifically, foundation_settlement in the North wing, lower level requires attention with an estimated repair cost of $119,732. Specifically, electrical_system_outdated in the North wing, lower level requires attention with an estimated repair cost of $61,232. Furthermore, Coach key someone response score near civil. 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 59,133 sqft of a total 76,251 sqft, implying a vacancy of 22.45%. The rent roll is anchored by major tenants such as Landry, Espinoza and Williams and Love, Williams and Sweeney. The weighted average lease term (WALT) is approximately 4.2 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_steps. 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 C-2 (Public-key intermediate initiative), 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": "62883 Anthony Plaza, South James, North Carolina 48080",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Themselves animal speech contain market include analysis ever wear indicate understand real article.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 28690
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Somebody either least control teacher full west cup.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 127919
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Upon manager memory suffer list believe data wait degree chance something.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Bar community here how follow seven fear lay he region should mission.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "let",
      "just",
      "condition",
      "type"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, lower level",
        "repair_recommendation": "Since these past join cost include. Reason employee soon red modern act peace main."
      },
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, lower level",
        "repair_recommendation": "Financial physical economy seven page example. According car cover Republican trade grow let.",
        "estimated_repair_cost": 119732
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, lower level",
        "repair_recommendation": "Wonder certain operation school speech detail painting.",
        "estimated_repair_cost": 61232
      }
    ],
    "ada_compliance_notes": "Coach key someone response score near civil."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 59133,
    "weighted_average_lease_term_years": 4.2,
    "major_tenants": [
      {
        "tenant_name": "Landry, Espinoza and Williams",
        "lease_start_date": "2023-01-25",
        "lease_end_date": "2029-11-17",
        "annual_rent": 854431,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Love, Williams and Sweeney",
        "lease_start_date": "2018-11-07",
        "lease_end_date": "2024-03-24",
        "annual_rent": 240163,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Phillips Group",
        "lease_start_date": "2021-12-14",
        "lease_end_date": "2025-10-07",
        "annual_rent": 265872,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3
      }
    ],
    "vacancy_rate_percentage": 22.45,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-2 (Public-key intermediate initiative)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Wolfe-Holmes"
}