<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:** 286 Prince Estates Apt. 766, Jamesshire, North Carolina 44316
**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, Wayne Daniels, 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 asbestos_containing_materials, a significant issue of soil_contamination with potential remediation costs of $134817, a moderate issue of lead-based_paint, a significant issue of lead-based_paint with potential remediation costs of $127031. The assessment found no evidence of direct wetlands impact. Standard storage of materials like building, part 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, lower level requires attention. Specifically, roof_system_degradation in the West wing, upper level requires attention with an estimated repair cost of $22,493. Furthermore, Find which always significant current. 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 93,886 sqft of a total 101,104 sqft, implying a vacancy of 7.14%. The rent roll is anchored by major tenants such as Holt, Watts and Burnett and Price, Morris and Parker. The weighted average lease term (WALT) is approximately 5.5 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including cpi_indexed. 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-1 (Centralized next generation open system), 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": "286 Prince Estates Apt. 766, Jamesshire, North Carolina 44316",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Challenge lawyer more walk probably play grow then list.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Education condition plant drive throughout himself risk life bed star.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 134817
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Health right as example feeling sense own outside thus.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "People town message hold magazine avoid different respond large speech.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 127031
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "building",
      "part"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, lower level",
        "repair_recommendation": "Among if three."
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "West wing, upper level",
        "repair_recommendation": "Down need president idea.",
        "estimated_repair_cost": 22493
      }
    ],
    "ada_compliance_notes": "Find which always significant current."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 93886,
    "weighted_average_lease_term_years": 5.5,
    "major_tenants": [
      {
        "tenant_name": "Holt, Watts and Burnett",
        "lease_start_date": "2024-06-23",
        "lease_end_date": "2029-10-26",
        "annual_rent": 219471,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Price, Morris and Parker",
        "lease_start_date": "2021-07-29",
        "lease_end_date": "2027-11-14",
        "annual_rent": 761910,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Carter, Wade and Tran",
        "lease_start_date": "2021-09-07",
        "lease_end_date": "2030-11-07",
        "annual_rent": 315199,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Brown-Johnson",
        "lease_start_date": "2023-12-08",
        "lease_end_date": "2028-10-23",
        "annual_rent": 999205,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Atkinson, Moore and Lyons",
        "lease_start_date": "2019-01-03",
        "lease_end_date": "2023-10-18",
        "annual_rent": 478794,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 7.14,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-1 (Centralized next generation open system)",
    "zoning_compliance_confirmed": true
  }
}