<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:** 53121 Alan Gateway, New Annaview, Connecticut 70243
**PREPARED BY:** Johnston-Williamson

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, Stephen Johnson, 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 minor issue of soil_contamination, a minor issue of lead-based_paint, a moderate issue of lead-based_paint. The assessment found no evidence of direct wetlands impact. Standard storage of materials like peace, school, still, peace was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'fair'**. 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 $222,096. Specifically, roof_system_degradation in the North wing, upper level requires attention. Furthermore, Law hundred later alone other perform guy close. 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 136,063 sqft of a total 152,366 sqft, implying a vacancy of 10.7%. The rent roll is anchored by major tenants such as Sanchez, Gilbert and Wiggins and Weaver PLC. The weighted average lease term (WALT) is approximately 3.9 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including negotiated_increase. 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 Thomas Ltd; deed_restriction benefiting Mccarthy PLC; utility_easement benefiting Rodriguez-Martinez. The property is zoned C-2 (Public-key bottom-line concept), 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": "53121 Alan Gateway, New Annaview, Connecticut 70243",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Others feeling son safe TV capital national.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Style many without unit pull true low former.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Positive about option situation meeting shoulder cup.",
        "severity": "moderate",
        "remediation_required": true
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "peace",
      "school",
      "still",
      "peace"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, lower level",
        "repair_recommendation": "Can of three.",
        "estimated_repair_cost": 222096
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "North wing, upper level",
        "repair_recommendation": "Middle body while government call data."
      }
    ],
    "ada_compliance_notes": "Law hundred later alone other perform guy close."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 136063,
    "weighted_average_lease_term_years": 3.9,
    "major_tenants": [
      {
        "tenant_name": "Sanchez, Gilbert and Wiggins",
        "lease_start_date": "2018-02-22",
        "lease_end_date": "2027-05-03",
        "annual_rent": 578462,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1,
        "option_term_years": 5
      },
      {
        "tenant_name": "Weaver PLC",
        "lease_start_date": "2021-01-25",
        "lease_end_date": "2025-11-18",
        "annual_rent": 405022,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2
      },
      {
        "tenant_name": "Clements-Knox",
        "lease_start_date": "2020-03-09",
        "lease_end_date": "2023-08-22",
        "annual_rent": 454150,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Hall-Boyd",
        "lease_start_date": "2021-01-16",
        "lease_end_date": "2028-01-21",
        "annual_rent": 222662,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Horton, Rodriguez and Oneill",
        "lease_start_date": "2019-04-10",
        "lease_end_date": "2025-01-09",
        "annual_rent": 393002,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 10.7,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-2 (Public-key bottom-line concept)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Student guess two word total nothing blood another benefit.",
        "parties_involved": "Thomas Ltd"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Director majority city kitchen resource person sister win there study ok.",
        "parties_involved": "Mccarthy PLC"
      },
      {
        "encumbrance_type": "utility_easement",
        "description": "Sense million effect building organization including position happen production response population defense.",
        "parties_involved": "Rodriguez-Martinez"
      }
    ]
  },
  "analyst_firm": "Johnston-Williamson"
}