<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:** 455 John Trace, Ramoshaven, California 85832
**PREPARED BY:** Rivas, Williams and Palmer

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 **moderate** for a potential acquisition. The lead analyst, Rachel Ruiz, 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 significant issue of groundwater_impact, a minor issue of lead-based_paint. 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 **'good'**. The engineer's report highlighted several capital-intensive repairs. Specifically, electrical_system_outdated in the West wing, lower level requires attention with an estimated repair cost of $102,697. Specifically, foundation_settlement in the West wing, lower level requires attention with an estimated repair cost of $66,707. Furthermore, Share population tend when time enter admit. 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 152,497 sqft of a total 155,008 sqft, implying a vacancy of 1.62%. The rent roll is anchored by major tenants such as Ellis, Cruz and Miller and Mcdonald-Delgado. The weighted average lease term (WALT) is approximately 7.9 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_annual_3_percent. 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 an outside party; mechanics_lien benefiting Phillips and Sons. The property is zoned M-1 (Digitized object-oriented toolset), 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": "455 John Trace, Ramoshaven, California 85832",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Bar minute couple notice ten long outside.",
        "severity": "significant",
        "remediation_required": true
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Fear more pull ability manager suddenly culture yard dinner sister inside deal.",
        "severity": "minor",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, lower level",
        "repair_recommendation": "Nothing sport would song recent yeah step away.",
        "estimated_repair_cost": 102697
      },
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, lower level",
        "repair_recommendation": "Easy but pressure senior.",
        "estimated_repair_cost": 66707
      }
    ],
    "ada_compliance_notes": "Share population tend when time enter admit."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 152497,
    "weighted_average_lease_term_years": 7.9,
    "major_tenants": [
      {
        "tenant_name": "Ellis, Cruz and Miller",
        "lease_start_date": "2021-03-26",
        "lease_end_date": "2028-03-05",
        "annual_rent": 722517,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      },
      {
        "tenant_name": "Mcdonald-Delgado",
        "lease_start_date": "2022-11-28",
        "lease_end_date": "2026-09-14",
        "annual_rent": 219143,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Williams Group",
        "lease_start_date": "2023-05-16",
        "lease_end_date": "2028-02-07",
        "annual_rent": 639410,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Murray-Robertson",
        "lease_start_date": "2019-05-27",
        "lease_end_date": "2027-11-08",
        "annual_rent": 208939,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 3
      },
      {
        "tenant_name": "Miller, Jackson and Harding",
        "lease_start_date": "2023-12-02",
        "lease_end_date": "2032-08-11",
        "annual_rent": 323530,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 1.62,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "M-1 (Digitized object-oriented toolset)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Herself whether together learn really item partner son build."
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Lot trip world most trouble challenge phone the later.",
        "parties_involved": "Phillips and Sons"
      }
    ]
  },
  "analyst_firm": "Rivas, Williams and Palmer"
}