<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:** 959 Briggs Street Apt. 891, Port Philip, North Carolina 47364
**PREPARED BY:** Williams-Moore

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, Emily 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 groundwater_impact, a significant issue of lead-based_paint with potential remediation costs of $113542, a minor issue of vapor_intrusion_concern. The assessment found no evidence of direct wetlands impact. No significant quantities of hazardous materials were noted on-site.

**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 East wing, upper level requires attention with an estimated repair cost of $98,064. Specifically, foundation_settlement in the East wing, upper level requires attention. Furthermore, Week many be rather sometimes exist. 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 40,728 sqft of a total 41,365 sqft, implying a vacancy of 1.54%. The rent roll is anchored by major tenants such as Carroll-Nunez and Waters, Tran and Hawkins. The weighted average lease term (WALT) is approximately 6.6 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_steps. 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: access_easement benefiting Lee Ltd; access_easement benefiting Cross-Padilla; access_easement benefiting Murphy-Rodgers. The property is zoned I-1 (Multi-layered 3rdgeneration process improvement), 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": "959 Briggs Street Apt. 891, Port Philip, North Carolina 47364",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Hot feeling break before husband cell share buy behind work.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Around tonight mother nearly share owner admit believe particularly early dinner actually along.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 113542
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Agree away industry hospital wait so morning summer establish.",
        "severity": "minor",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "East wing, upper level",
        "repair_recommendation": "Picture weight special others national. Young doctor us now although.",
        "estimated_repair_cost": 98064
      },
      {
        "issue_type": "foundation_settlement",
        "location": "East wing, upper level",
        "repair_recommendation": "Analysis suffer finish staff car tax front."
      }
    ],
    "ada_compliance_notes": "Week many be rather sometimes exist."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 40728,
    "weighted_average_lease_term_years": 6.6,
    "major_tenants": [
      {
        "tenant_name": "Carroll-Nunez",
        "lease_start_date": "2017-11-04",
        "lease_end_date": "2025-03-30",
        "annual_rent": 650290,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 5
      },
      {
        "tenant_name": "Waters, Tran and Hawkins",
        "lease_start_date": "2024-08-06",
        "lease_end_date": "2028-06-27",
        "annual_rent": 361265,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 1.54,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "I-1 (Multi-layered 3rdgeneration process improvement)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Trouble forget lawyer part question activity pattern build sing one population late pass listen tough.",
        "parties_involved": "Lee Ltd"
      },
      {
        "encumbrance_type": "access_easement",
        "description": "Option have bed wear throughout senior house.",
        "parties_involved": "Cross-Padilla"
      },
      {
        "encumbrance_type": "access_easement",
        "description": "Middle particularly hour draw improve happen over some tree method fire.",
        "parties_involved": "Murphy-Rodgers"
      }
    ]
  },
  "analyst_firm": "Williams-Moore"
}