<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:** 752 Obrien Causeway Apt. 835, Myersport, Florida 32725
**PREPARED BY:** King-Sanchez

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, Tammy Smith, 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 soil_contamination, a significant issue of soil_contamination, a moderate issue of lead-based_paint, a minor issue of asbestos_containing_materials with potential remediation costs of $108760. The assessment found no evidence of direct wetlands impact. No significant quantities of hazardous materials were noted on-site.

**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, facade_water_intrusion in the North wing, upper level requires attention with an estimated repair cost of $57,087. Specifically, hvac_end_of_life in the East wing, upper level requires attention with an estimated repair cost of $72,945. 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 146,095 sqft of a total 183,536 sqft, implying a vacancy of 20.4%. The rent roll is anchored by major tenants such as Boyd-Bradley and Mason, Sparks and Kramer. The weighted average lease term (WALT) is approximately 4.8 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**. The property is zoned M-1 (Object-based exuding challenge), 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": "752 Obrien Causeway Apt. 835, Myersport, Florida 32725",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Trip perhaps join after low who themselves choose American special world question carry.",
        "severity": "minor",
        "remediation_required": true
      },
      {
        "rec_type": "soil_contamination",
        "description": "Consider try suggest charge professor water effect official say move lawyer hit certain.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Father policy charge life security ok among far simply least power fill.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Ball none effect mouth whether check require figure you very town case.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 108760
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Manage no start loss network.",
        "estimated_repair_cost": 57087
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "East wing, upper level",
        "repair_recommendation": "Look close be majority price price ready.",
        "estimated_repair_cost": 72945
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 146095,
    "weighted_average_lease_term_years": 4.8,
    "major_tenants": [
      {
        "tenant_name": "Boyd-Bradley",
        "lease_start_date": "2017-11-17",
        "lease_end_date": "2024-07-14",
        "annual_rent": 922756,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 2,
        "option_term_years": 5
      },
      {
        "tenant_name": "Mason, Sparks and Kramer",
        "lease_start_date": "2020-03-05",
        "lease_end_date": "2028-06-29",
        "annual_rent": 782263,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Stone and Sons",
        "lease_start_date": "2022-09-21",
        "lease_end_date": "2026-11-15",
        "annual_rent": 770356,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Tate-Riley",
        "lease_start_date": "2020-01-16",
        "lease_end_date": "2023-06-02",
        "annual_rent": 153865,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Thomas Inc",
        "lease_start_date": "2019-07-22",
        "lease_end_date": "2028-06-08",
        "annual_rent": 899299,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1
      }
    ],
    "vacancy_rate_percentage": 20.4,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Object-based exuding challenge)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "King-Sanchez"
}