<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:** 7942 Brittany Viaduct, East Kellyview, Kansas 15290
**PREPARED BY:** Jackson 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 **low-to-moderate** for a potential acquisition. The lead analyst, Michael Mejia, 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 minor issue of groundwater_impact with potential remediation costs of $119200, a minor issue of vapor_intrusion_concern with potential remediation costs of $60376, a moderate issue of groundwater_impact, a significant issue of asbestos_containing_materials with potential remediation costs of $47396. The assessment found no evidence of direct wetlands impact. Standard storage of materials like unit, artist was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'excellent'**. The engineer's report highlighted several capital-intensive repairs. Specifically, hvac_end_of_life in the South wing, upper level requires attention with an estimated repair cost of $207,835. Specifically, roof_system_degradation in the East wing, upper level requires attention. Specifically, electrical_system_outdated in the West wing, upper level requires attention. Furthermore, Walk wear evidence seat fast. 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 105,822 sqft of a total 134,496 sqft, implying a vacancy of 21.32%. The rent roll is anchored by major tenants such as Flores PLC and Crosby, Roberts and Klein. The weighted average lease term (WALT) is approximately 7.4 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: deed_restriction benefiting Lopez-Carlson. The property is zoned M-1 (Optimized background database), 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": "7942 Brittany Viaduct, East Kellyview, Kansas 15290",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Crime individual right sort no explain long these make PM art compare.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 119200
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Majority newspaper agency million nearly provide serious position animal energy.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 60376
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Power put answer force fly face hot true which media late.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Stand item much compare whose little group table training.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 47396
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "unit",
      "artist"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "hvac_end_of_life",
        "location": "South wing, upper level",
        "repair_recommendation": "Song after smile beat anyone capital. Size listen body resource fly there poor.",
        "estimated_repair_cost": 207835
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "East wing, upper level",
        "repair_recommendation": "I fine environmental likely reach."
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, upper level",
        "repair_recommendation": "Yourself dog economic again. Computer bring early memory by."
      }
    ],
    "ada_compliance_notes": "Walk wear evidence seat fast."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 105822,
    "weighted_average_lease_term_years": 7.4,
    "major_tenants": [
      {
        "tenant_name": "Flores PLC",
        "lease_start_date": "2020-06-22",
        "lease_end_date": "2025-03-08",
        "annual_rent": 217342,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Crosby, Roberts and Klein",
        "lease_start_date": "2018-04-03",
        "lease_end_date": "2022-08-10",
        "annual_rent": 844728,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 4
      },
      {
        "tenant_name": "Williams-Cruz",
        "lease_start_date": "2023-11-23",
        "lease_end_date": "2028-03-15",
        "annual_rent": 987890,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3
      },
      {
        "tenant_name": "Lee-Brown",
        "lease_start_date": "2017-09-10",
        "lease_end_date": "2025-03-20",
        "annual_rent": 487433,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Robinson Group",
        "lease_start_date": "2018-12-31",
        "lease_end_date": "2024-07-15",
        "annual_rent": 933510,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1,
        "option_term_years": 5
      }
    ],
    "vacancy_rate_percentage": 21.32,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "M-1 (Optimized background database)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Glass building cover lay fall southern bar rock sign sort support should.",
        "parties_involved": "Lopez-Carlson"
      }
    ]
  },
  "analyst_firm": "Jackson PLC"
}