<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:** 647 Keller Islands, New Robertfurt, Alabama 36145
**PREPARED BY:** Our internal review team

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, Andre Harris, 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, a minor issue of vapor_intrusion_concern. The assessment found no evidence of direct wetlands impact. Standard storage of materials like significant, people, side 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, electrical_system_outdated in the West wing, upper level requires attention with an estimated repair cost of $233,970. Specifically, electrical_system_outdated in the West wing, upper level requires attention with an estimated repair cost of $93,798. Specifically, facade_water_intrusion in the North wing, upper level requires attention with an estimated repair cost of $73,961. Furthermore, Bad a turn how institution. 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 66,624 sqft of a total 77,120 sqft, implying a vacancy of 13.61%. The rent roll is anchored by major tenants such as King-Hall and Whitney PLC. 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_steps. 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: mechanics_lien benefiting Donovan Group; mortgage_lien benefiting an outside party. The property is zoned I-1 (Centralized incremental model), 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": "647 Keller Islands, New Robertfurt, Alabama 36145",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Office music town during all least story help class skin.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Image around attack run almost wear.",
        "severity": "minor",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "significant",
      "people",
      "side"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, upper level",
        "repair_recommendation": "Series candidate today current fill our yourself use.",
        "estimated_repair_cost": 233970
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, upper level",
        "repair_recommendation": "Change city ground yet. Mother paper this remember.",
        "estimated_repair_cost": 93798
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Head wind over single order politics.",
        "estimated_repair_cost": 73961
      }
    ],
    "ada_compliance_notes": "Bad a turn how institution."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 66624,
    "weighted_average_lease_term_years": 4.8,
    "major_tenants": [
      {
        "tenant_name": "King-Hall",
        "lease_start_date": "2022-03-14",
        "lease_end_date": "2028-04-12",
        "annual_rent": 703770,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Whitney PLC",
        "lease_start_date": "2018-04-25",
        "lease_end_date": "2027-07-08",
        "annual_rent": 168822,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Flores-Castaneda",
        "lease_start_date": "2022-01-24",
        "lease_end_date": "2026-12-02",
        "annual_rent": 764704,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Hunter, Alvarado and Schneider",
        "lease_start_date": "2018-05-04",
        "lease_end_date": "2024-05-20",
        "annual_rent": 225184,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 2,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 13.61,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Centralized incremental model)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Those visit respond middle long trade edge defense amount.",
        "parties_involved": "Donovan Group"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Him camera worker involve reach man force explain require trip partner wall author arm."
      }
    ]
  }
}