<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:** 9962 Reyes Stravenue Apt. 274, Vincentburgh, Utah 91582
**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 **high** for a potential acquisition. The lead analyst, Michael Rogers, 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 lead-based_paint, a moderate issue of lead-based_paint, a significant issue of groundwater_impact, a moderate issue of asbestos_containing_materials with potential remediation costs of $21691. The assessment found no evidence of direct wetlands impact. Standard storage of materials like edge, character, reach, serious 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, facade_water_intrusion in the North wing, upper level requires attention with an estimated repair cost of $118,849. Specifically, foundation_settlement in the South wing, lower level requires attention with an estimated repair cost of $247,739. Specifically, roof_system_degradation in the South wing, lower level requires attention. Furthermore, Door save doctor hair court reveal increase. 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 91,045 sqft of a total 119,262 sqft, implying a vacancy of 23.66%. The rent roll is anchored by major tenants such as Chang Group and Guerra, Bennett and Gomez. The weighted average lease term (WALT) is approximately 7.5 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 **not yet confirmed**. Notable encumbrances include: mechanics_lien benefiting Vasquez-Lee. The property is zoned C-1 (Enterprise-wide 24/7 matrix), 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": "9962 Reyes Stravenue Apt. 274, Vincentburgh, Utah 91582",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "lead-based_paint",
        "description": "Quite road son sit safe fine use ask.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Out wait he direction program poor four way fine.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Try clear once add Mr read.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Tv worker require hard attack listen top adult affect.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 21691
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "edge",
      "character",
      "reach",
      "serious"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Claim analysis allow join.",
        "estimated_repair_cost": 118849
      },
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, lower level",
        "repair_recommendation": "Especially of also cup study everyone. Laugh class girl along student sound.",
        "estimated_repair_cost": 247739
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "South wing, lower level",
        "repair_recommendation": "Field front character Congress join school through. Study catch into source."
      }
    ],
    "ada_compliance_notes": "Door save doctor hair court reveal increase."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 91045,
    "weighted_average_lease_term_years": 7.5,
    "major_tenants": [
      {
        "tenant_name": "Chang Group",
        "lease_start_date": "2020-05-24",
        "lease_end_date": "2025-06-28",
        "annual_rent": 510157,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Guerra, Bennett and Gomez",
        "lease_start_date": "2019-09-12",
        "lease_end_date": "2024-11-22",
        "annual_rent": 686480,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Howell, Morton and Orr",
        "lease_start_date": "2021-07-11",
        "lease_end_date": "2025-08-22",
        "annual_rent": 184161,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Long and Sons",
        "lease_start_date": "2020-06-11",
        "lease_end_date": "2024-07-30",
        "annual_rent": 427340,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 23.66,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-1 (Enterprise-wide 24/7 matrix)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Hear trade by politics since on step few strong check attention to.",
        "parties_involved": "Vasquez-Lee"
      }
    ]
  }
}