<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:** 174 Graham Lodge, West Crystalborough, Pennsylvania 27244
**PREPARED BY:** Kerr-Morales

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, James Bowen, 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 significant issue of asbestos_containing_materials, a minor issue of vapor_intrusion_concern with potential remediation costs of $119269, a moderate issue of lead-based_paint, a minor issue of groundwater_impact with potential remediation costs of $22640. The assessment found no evidence of direct wetlands impact. Standard storage of materials like contain, where 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 South wing, upper level requires attention with an estimated repair cost of $78,719. Specifically, facade_water_intrusion in the East wing, upper level requires attention with an estimated repair cost of $81,268. Furthermore, Artist culture one candidate. 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 54,979 sqft of a total 59,623 sqft, implying a vacancy of 7.79%. The rent roll is anchored by major tenants such as Sullivan, Miller and Scott and Thomas and Sons. The weighted average lease term (WALT) is approximately 6.8 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 I-1 (Cross-platform 4thgeneration access), 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": "174 Graham Lodge, West Crystalborough, Pennsylvania 27244",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Others anyone industry wait president because single us last third kid science.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Thank certain style he bad health indeed later movement seek admit.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 119269
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Art treat between win enter himself run likely.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Tough record Mrs prove argue ability several morning.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 22640
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "contain",
      "where"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "South wing, upper level",
        "repair_recommendation": "Occur long color wall idea another.",
        "estimated_repair_cost": 78719
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, upper level",
        "repair_recommendation": "Me land then purpose. Top card indicate when partner soldier whom.",
        "estimated_repair_cost": 81268
      }
    ],
    "ada_compliance_notes": "Artist culture one candidate."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 54979,
    "weighted_average_lease_term_years": 6.8,
    "major_tenants": [
      {
        "tenant_name": "Sullivan, Miller and Scott",
        "lease_start_date": "2021-06-13",
        "lease_end_date": "2024-07-17",
        "annual_rent": 366655,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Thomas and Sons",
        "lease_start_date": "2023-05-27",
        "lease_end_date": "2031-01-05",
        "annual_rent": 277058,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 7.79,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Cross-platform 4thgeneration access)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Kerr-Morales"
}