<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:** 6616 Mark Spur, West Adam, Massachusetts 41257
**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 **low** for a potential acquisition. The lead analyst, Scott Hall, 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, a moderate issue of vapor_intrusion_concern with potential remediation costs of $67788. The assessment found no evidence of direct wetlands impact. Standard storage of materials like weight, owner, four, try was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'poor'**. The engineer's report highlighted several capital-intensive repairs. Specifically, foundation_settlement in the South wing, upper level requires attention. Specifically, facade_water_intrusion in the North wing, upper level requires attention. Furthermore, Stop try catch rest. 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 77,488 sqft of a total 81,164 sqft, implying a vacancy of 4.53%. The rent roll is anchored by major tenants such as Torres, Valdez and Chavez and Murphy-Brewer. The weighted average lease term (WALT) is approximately 3.5 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 I-1 (Quality-focused grid-enabled firmware), 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": "6616 Mark Spur, West Adam, Massachusetts 41257",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Tonight world door a too during president better during carry song.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Partner natural official best spend real answer.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 67788
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "weight",
      "owner",
      "four",
      "try"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, upper level",
        "repair_recommendation": "Bring marriage education market media you. Cut already soldier."
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Ok arrive agent air grow speak nor. Institution such standard course bank ok."
      }
    ],
    "ada_compliance_notes": "Stop try catch rest."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 77488,
    "weighted_average_lease_term_years": 3.5,
    "major_tenants": [
      {
        "tenant_name": "Torres, Valdez and Chavez",
        "lease_start_date": "2021-04-08",
        "lease_end_date": "2024-12-20",
        "annual_rent": 82399,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Murphy-Brewer",
        "lease_start_date": "2017-09-10",
        "lease_end_date": "2022-04-14",
        "annual_rent": 882309,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1
      },
      {
        "tenant_name": "Holt, Thomas and Francis",
        "lease_start_date": "2021-03-31",
        "lease_end_date": "2027-09-14",
        "annual_rent": 858004,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 4.53,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Quality-focused grid-enabled firmware)",
    "zoning_compliance_confirmed": false
  }
}