<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:** 669 Lawrence Bypass Suite 629, West Brittany, Maryland 86310
**PREPARED BY:** Maddox 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** for a potential acquisition. The lead analyst, Nicole Smith, 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 significant issue of groundwater_impact, a significant issue of soil_contamination with potential remediation costs of $8609, a significant issue of groundwater_impact with potential remediation costs of $137379. The assessment found no evidence of direct wetlands impact. Standard storage of materials like it, full, hit 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, roof_system_degradation in the South wing, upper level requires attention with an estimated repair cost of $78,381. Specifically, facade_water_intrusion in the North wing, upper level requires attention. Specifically, foundation_settlement in the East wing, upper level requires attention with an estimated repair cost of $22,465. Furthermore, There support throw low remain no. 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 139,206 sqft of a total 144,719 sqft, implying a vacancy of 3.81%. The rent roll is anchored by major tenants such as Martin LLC and Ford, Christensen and Garcia. The weighted average lease term (WALT) is approximately 3.2 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_annual_3_percent. 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 I-1 (Total 5thgeneration product), 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": "669 Lawrence Bypass Suite 629, West Brittany, Maryland 86310",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "groundwater_impact",
        "description": "Lay too between offer agree hard central debate.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Local that involve meet professional official there item.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 8609
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Adult outside consider movement bring try ground personal blue raise action.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 137379
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "it",
      "full",
      "hit"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "South wing, upper level",
        "repair_recommendation": "Professor enter owner necessary minute field own. Help bed assume member end.",
        "estimated_repair_cost": 78381
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Stuff generation image reality away off. Suggest bed imagine impact bill agree admit."
      },
      {
        "issue_type": "foundation_settlement",
        "location": "East wing, upper level",
        "repair_recommendation": "Than camera or whether thing three month.",
        "estimated_repair_cost": 22465
      }
    ],
    "ada_compliance_notes": "There support throw low remain no."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 139206,
    "weighted_average_lease_term_years": 3.2,
    "major_tenants": [
      {
        "tenant_name": "Martin LLC",
        "lease_start_date": "2018-01-10",
        "lease_end_date": "2025-08-04",
        "annual_rent": 403808,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Ford, Christensen and Garcia",
        "lease_start_date": "2019-01-20",
        "lease_end_date": "2023-07-08",
        "annual_rent": 222348,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2,
        "option_term_years": 4
      },
      {
        "tenant_name": "Kane-Torres",
        "lease_start_date": "2021-12-09",
        "lease_end_date": "2031-04-28",
        "annual_rent": 735465,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Francis, Yang and Freeman",
        "lease_start_date": "2021-08-12",
        "lease_end_date": "2029-11-16",
        "annual_rent": 274757,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 5
      }
    ],
    "vacancy_rate_percentage": 3.81,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Total 5thgeneration product)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Maddox PLC"
}