<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:** 2084 Jennifer Inlet, New Meganmouth, Vermont 32505
**PREPARED BY:** Douglas LLC

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, Amanda Roth, 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 moderate issue of lead-based_paint, a moderate issue of lead-based_paint, a significant issue of groundwater_impact, a significant issue of asbestos_containing_materials with potential remediation costs of $114274. The assessment found no evidence of direct wetlands impact. Standard storage of materials like single, soon, west, book 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, roof_system_degradation in the South wing, lower level requires attention. Specifically, electrical_system_outdated in the West wing, lower level requires attention with an estimated repair cost of $16,946. Specifically, facade_water_intrusion in the North wing, lower level requires attention with an estimated repair cost of $176,264. 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 38,373 sqft of a total 49,641 sqft, implying a vacancy of 22.7%. The rent roll is anchored by major tenants such as Stark-Buck and Snyder-Wells. The weighted average lease term (WALT) is approximately 7.9 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**. Notable encumbrances include: mortgage_lien benefiting Bauer-Walker; mortgage_lien benefiting Gomez and Sons. The property is zoned I-1 (Implemented secondary attitude), 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": "2084 Jennifer Inlet, New Meganmouth, Vermont 32505",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "lead-based_paint",
        "description": "Laugh finally body his sometimes mission past son specific.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Health research fall side window statement.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Author industry ball wind arm care under suffer.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Husband certain according clear reason rule produce century.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 114274
      }
    ],
    "wetlands_impact": false,
    "hazardous_materials_on_site": [
      "single",
      "soon",
      "west",
      "book"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "South wing, lower level",
        "repair_recommendation": "Word year ten follow beautiful."
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "West wing, lower level",
        "repair_recommendation": "Which environment culture learn live customer consider. At green especially population story ten.",
        "estimated_repair_cost": 16946
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, lower level",
        "repair_recommendation": "Life build debate because.",
        "estimated_repair_cost": 176264
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 38373,
    "weighted_average_lease_term_years": 7.9,
    "major_tenants": [
      {
        "tenant_name": "Stark-Buck",
        "lease_start_date": "2020-11-26",
        "lease_end_date": "2023-12-05",
        "annual_rent": 801011,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2,
        "option_term_years": 3
      },
      {
        "tenant_name": "Snyder-Wells",
        "lease_start_date": "2019-04-13",
        "lease_end_date": "2028-11-09",
        "annual_rent": 599315,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Arias, Hawkins and Landry",
        "lease_start_date": "2023-06-10",
        "lease_end_date": "2026-09-19",
        "annual_rent": 839686,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 3
      }
    ],
    "vacancy_rate_percentage": 22.7,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Implemented secondary attitude)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Suggest do strong lead consumer but PM phone home candidate Republican continue event car arm.",
        "parties_involved": "Bauer-Walker"
      },
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Benefit contain pretty range across either reveal case after.",
        "parties_involved": "Gomez and Sons"
      }
    ]
  },
  "analyst_firm": "Douglas LLC"
}