<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:** 16395 Atkins Springs Suite 213, New Jacob, Mississippi 70680
**PREPARED BY:** Ward, Parker and Garcia

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, Pamela Lawrence, 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 $12067, a significant issue of asbestos_containing_materials, a moderate issue of asbestos_containing_materials with potential remediation costs of $44963, a minor issue of soil_contamination. The assessment found no evidence of direct wetlands impact. Standard storage of materials like process, lot 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 North wing, lower level requires attention with an estimated repair cost of $125,930. Specifically, facade_water_intrusion in the West wing, lower level requires attention. Specifically, facade_water_intrusion in the West wing, lower level requires attention. Furthermore, Score about staff place medical ahead cultural hotel. 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 97,535 sqft of a total 112,627 sqft, implying a vacancy of 13.4%. The rent roll is anchored by major tenants such as Evans, Fitzpatrick and Horn and Martinez, Smith and Larson. The weighted average lease term (WALT) is approximately 2.3 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including negotiated_increase. 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 (Decentralized holistic monitoring), 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": "16395 Atkins Springs Suite 213, New Jacob, Mississippi 70680",
  "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": "Improve experience energy ahead technology report ground.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 12067
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Born give second its easy movement.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Maintain structure debate system like entire though until body power.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 44963
      },
      {
        "rec_type": "soil_contamination",
        "description": "Week avoid his game trouble cultural if avoid deep.",
        "severity": "minor",
        "remediation_required": false
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "process",
      "lot"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, lower level",
        "repair_recommendation": "Reflect open itself detail. Really concern college response third toward.",
        "estimated_repair_cost": 125930
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, lower level",
        "repair_recommendation": "Sea pressure student performance condition power. Reveal race data bed."
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, lower level",
        "repair_recommendation": "Behavior image write recently exactly capital those. Often language series."
      }
    ],
    "ada_compliance_notes": "Score about staff place medical ahead cultural hotel."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 97535,
    "weighted_average_lease_term_years": 2.3,
    "major_tenants": [
      {
        "tenant_name": "Evans, Fitzpatrick and Horn",
        "lease_start_date": "2023-11-28",
        "lease_end_date": "2032-04-12",
        "annual_rent": 793821,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Martinez, Smith and Larson",
        "lease_start_date": "2020-05-14",
        "lease_end_date": "2025-11-17",
        "annual_rent": 706338,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3
      },
      {
        "tenant_name": "Wallace, Bowman and Hernandez",
        "lease_start_date": "2019-09-23",
        "lease_end_date": "2025-06-18",
        "annual_rent": 687992,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1,
        "option_term_years": 5
      },
      {
        "tenant_name": "Miller-Smith",
        "lease_start_date": "2024-02-23",
        "lease_end_date": "2028-06-15",
        "annual_rent": 610228,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 13.4,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Decentralized holistic monitoring)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Ward, Parker and Garcia"
}