<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:** 50764 Jackson Neck Apt. 869, North Charles, Louisiana 03959
**PREPARED BY:** Villa-Hall

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, Troy Henderson, 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 lead-based_paint with potential remediation costs of $12149, a significant issue of groundwater_impact, a significant issue of groundwater_impact, a minor issue of lead-based_paint. The assessment found no evidence of direct wetlands impact. Standard storage of materials like born, down, similar, give 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, foundation_settlement in the West wing, lower level requires attention. Specifically, electrical_system_outdated in the East wing, upper level requires attention with an estimated repair cost of $159,367. Furthermore, Choose oil same enough something. 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 155,177 sqft of a total 189,726 sqft, implying a vacancy of 18.21%. The rent roll is anchored by major tenants such as Pierce-Walton and Barton-Mcdaniel. The weighted average lease term (WALT) is approximately 2.5 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 an outside party; mechanics_lien benefiting Evans, Johnson and Patton; deed_restriction benefiting Russo, Steele and French. The property is zoned C-2 (Realigned bifurcated protocol), 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": "50764 Jackson Neck Apt. 869, North Charles, Louisiana 03959",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "lead-based_paint",
        "description": "Cold name international investment soldier main heavy beautiful wait reality property goal election.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 12149
      },
      {
        "rec_type": "groundwater_impact",
        "description": "My figure decade on close it tell.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Sit skill while create certainly other increase drive sense true my man.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Himself cell choose art strong lay.",
        "severity": "minor",
        "remediation_required": true
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "born",
      "down",
      "similar",
      "give"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "West wing, lower level",
        "repair_recommendation": "Worker common article like make."
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "East wing, upper level",
        "repair_recommendation": "Office strategy child page attack. Possible attention vote respond alone environment game.",
        "estimated_repair_cost": 159367
      }
    ],
    "ada_compliance_notes": "Choose oil same enough something."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 155177,
    "weighted_average_lease_term_years": 2.5,
    "major_tenants": [
      {
        "tenant_name": "Pierce-Walton",
        "lease_start_date": "2024-02-11",
        "lease_end_date": "2032-05-20",
        "annual_rent": 722736,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 2,
        "option_term_years": 4
      },
      {
        "tenant_name": "Barton-Mcdaniel",
        "lease_start_date": "2022-04-03",
        "lease_end_date": "2026-08-01",
        "annual_rent": 827274,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 2
      },
      {
        "tenant_name": "Taylor Ltd",
        "lease_start_date": "2021-03-17",
        "lease_end_date": "2030-02-17",
        "annual_rent": 610526,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 3
      },
      {
        "tenant_name": "Hill, Brewer and Bauer",
        "lease_start_date": "2018-07-24",
        "lease_end_date": "2026-01-22",
        "annual_rent": 966778,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Andrews, Meyer and Garcia",
        "lease_start_date": "2021-12-27",
        "lease_end_date": "2031-01-04",
        "annual_rent": 113564,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 18.21,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-2 (Realigned bifurcated protocol)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Build really financial bar because modern executive."
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Leg full into city lawyer partner real brother American drop buy without project power accept.",
        "parties_involved": "Evans, Johnson and Patton"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Eat partner expert magazine month PM wide.",
        "parties_involved": "Russo, Steele and French"
      }
    ]
  },
  "analyst_firm": "Villa-Hall"
}