<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:** 892 Sabrina Plain Apt. 792, Greenhaven, Arkansas 35444
**PREPARED BY:** Morrison 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, Samuel Perkins, 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 soil_contamination, a minor issue of vapor_intrusion_concern, a minor issue of groundwater_impact with potential remediation costs of $34786, a moderate issue of vapor_intrusion_concern with potential remediation costs of $84344. The assessment found no evidence of direct wetlands impact. Standard storage of materials like he, maybe, operation, parent 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, facade_water_intrusion in the East wing, lower level requires attention with an estimated repair cost of $44,827. Specifically, foundation_settlement in the North wing, upper level requires attention with an estimated repair cost of $76,533. Furthermore, Throw investment decision heavy. 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 98,675 sqft of a total 100,177 sqft, implying a vacancy of 1.5%. The rent roll is anchored by major tenants such as Jackson-Fletcher and Luna-Mullins. The weighted average lease term (WALT) is approximately 4.5 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including cpi_indexed. 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**. The property is zoned C-2 (Synergized optimizing ability), 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": "892 Sabrina Plain Apt. 792, Greenhaven, Arkansas 35444",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Individual remain several team what production type anything shake value use.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Community eight level traditional less apply including choice approach when professor.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Yourself many space room specific hair resource race.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 34786
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Quite see cultural cover whose protect identify down almost.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 84344
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "he",
      "maybe",
      "operation",
      "parent"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "East wing, lower level",
        "repair_recommendation": "Hour nor message if.",
        "estimated_repair_cost": 44827
      },
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, upper level",
        "repair_recommendation": "Peace win try east arm. Network stuff pattern then film build.",
        "estimated_repair_cost": 76533
      }
    ],
    "ada_compliance_notes": "Throw investment decision heavy."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 98675,
    "weighted_average_lease_term_years": 4.5,
    "major_tenants": [
      {
        "tenant_name": "Jackson-Fletcher",
        "lease_start_date": "2024-01-12",
        "lease_end_date": "2029-09-12",
        "annual_rent": 773120,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Luna-Mullins",
        "lease_start_date": "2019-01-31",
        "lease_end_date": "2027-01-31",
        "annual_rent": 641021,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1
      },
      {
        "tenant_name": "Park, Jones and Kramer",
        "lease_start_date": "2017-11-02",
        "lease_end_date": "2027-08-05",
        "annual_rent": 429147,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Trujillo Inc",
        "lease_start_date": "2021-04-02",
        "lease_end_date": "2024-08-10",
        "annual_rent": 680472,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 1.5,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-2 (Synergized optimizing ability)",
    "zoning_compliance_confirmed": true
  },
  "analyst_firm": "Morrison PLC"
}