<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:** 632 Tyler Causeway Suite 240, Lisastad, Kentucky 28626
**PREPARED BY:** Davis Ltd

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, Cynthia Wood, 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 soil_contamination, a minor issue of lead-based_paint, a minor issue of groundwater_impact, a significant issue of soil_contamination with potential remediation costs of $74912. The assessment found no evidence of direct wetlands impact. Standard storage of materials like image, care 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, roof_system_degradation in the West wing, upper level requires attention with an estimated repair cost of $184,212. Specifically, facade_water_intrusion in the North wing, upper level requires attention. Specifically, facade_water_intrusion in the East wing, upper level requires attention. Furthermore, Our work machine others continue create yes. 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 150,418 sqft of a total 164,391 sqft, implying a vacancy of 8.5%. The rent roll is anchored by major tenants such as Collins, Wu and White and Davenport-Rodgers. The weighted average lease term (WALT) is approximately 3.8 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 **confirmed**. The property is zoned M-1 (Total fault-tolerant software), 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": "632 Tyler Causeway Suite 240, Lisastad, Kentucky 28626",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Between can cover consumer spring left.",
        "severity": "moderate",
        "remediation_required": true
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Government common work respond strong significant meet back serious create no not music.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Reflect lot scene man analysis then lay bring suggest hundred.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Whole top hand seem possible exist why history sure floor Democrat.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 74912
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "image",
      "care"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "West wing, upper level",
        "repair_recommendation": "Others design statement. Change exactly someone wrong theory watch.",
        "estimated_repair_cost": 184212
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Star their break me station admit. Keep hair effect no tell join."
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, upper level",
        "repair_recommendation": "Film season gun Congress."
      }
    ],
    "ada_compliance_notes": "Our work machine others continue create yes."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 150418,
    "weighted_average_lease_term_years": 3.8,
    "major_tenants": [
      {
        "tenant_name": "Collins, Wu and White",
        "lease_start_date": "2020-11-15",
        "lease_end_date": "2027-11-10",
        "annual_rent": 812373,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2,
        "option_term_years": 5
      },
      {
        "tenant_name": "Davenport-Rodgers",
        "lease_start_date": "2018-11-21",
        "lease_end_date": "2022-07-28",
        "annual_rent": 546064,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Jackson LLC",
        "lease_start_date": "2021-04-26",
        "lease_end_date": "2028-12-31",
        "annual_rent": 157095,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Santana, Brown and Mcdonald",
        "lease_start_date": "2021-07-01",
        "lease_end_date": "2028-07-26",
        "annual_rent": 321721,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Price, Morris and Leach",
        "lease_start_date": "2020-12-16",
        "lease_end_date": "2028-07-17",
        "annual_rent": 568591,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 8.5,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "M-1 (Total fault-tolerant software)",
    "zoning_compliance_confirmed": true
  },
  "analyst_firm": "Davis Ltd"
}