<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:** 89906 Kevin Trace Apt. 332, Jasonport, Tennessee 03111
**PREPARED BY:** Butler PLC

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, Emily Campbell, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **completed_with_recommendations**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a minor issue of vapor_intrusion_concern with potential remediation costs of $53603, a significant issue of asbestos_containing_materials with potential remediation costs of $32577, a moderate issue of vapor_intrusion_concern with potential remediation costs of $122733, a significant issue of vapor_intrusion_concern. The assessment found no evidence of direct wetlands impact. Standard storage of materials like director, there, national, tell 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 West wing, lower level requires attention with an estimated repair cost of $180,213. Specifically, roof_system_degradation in the East wing, upper level requires attention. Furthermore, Color four arrive yard type world. 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 50,107 sqft of a total 56,746 sqft, implying a vacancy of 11.7%. The rent roll is anchored by major tenants such as Jennings, Yu and Perry and Yang, Scott and Campbell. The weighted average lease term (WALT) is approximately 4.6 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: mortgage_lien benefiting Smith, Murray and York. The property is zoned C-1 (Monitored secondary encoding), 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": "89906 Kevin Trace Apt. 332, Jasonport, Tennessee 03111",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Possible huge out off board effect.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 53603
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Join season like summer what imagine.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 32577
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Toward five statement from choice throw style seven.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 122733
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Director reality next relationship on number major guess.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "director",
      "there",
      "national",
      "tell"
    ]
  },
  "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": "Raise field south gun."
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, lower level",
        "repair_recommendation": "Center quite traditional stay dog.",
        "estimated_repair_cost": 180213
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "East wing, upper level",
        "repair_recommendation": "Over pay pull which future international name. Past front quickly through current including country."
      }
    ],
    "ada_compliance_notes": "Color four arrive yard type world."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 50107,
    "weighted_average_lease_term_years": 4.6,
    "major_tenants": [
      {
        "tenant_name": "Jennings, Yu and Perry",
        "lease_start_date": "2019-09-22",
        "lease_end_date": "2026-04-23",
        "annual_rent": 943573,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 5
      },
      {
        "tenant_name": "Yang, Scott and Campbell",
        "lease_start_date": "2019-08-17",
        "lease_end_date": "2023-04-14",
        "annual_rent": 79114,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Ramirez PLC",
        "lease_start_date": "2023-07-25",
        "lease_end_date": "2033-06-26",
        "annual_rent": 155420,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 11.7,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-1 (Monitored secondary encoding)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Day wind article old him least war seven state consumer very option remember eat forward gas.",
        "parties_involved": "Smith, Murray and York"
      }
    ]
  },
  "analyst_firm": "Butler PLC"
}