<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:** 70338 Moore Islands, Jonesport, Alaska 91355
**PREPARED BY:** Our internal review team

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, Jennifer Underwood, 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 vapor_intrusion_concern, a significant issue of soil_contamination, a significant issue of groundwater_impact, a minor issue of groundwater_impact with potential remediation costs of $56053. The assessment found no evidence of direct wetlands impact. Standard storage of materials like leader, account 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 East wing, lower level requires attention. Specifically, hvac_end_of_life in the East wing, lower level requires attention with an estimated repair cost of $169,600. Specifically, hvac_end_of_life in the North wing, upper level requires attention. Furthermore, Other color job church. 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 123,668 sqft of a total 160,191 sqft, implying a vacancy of 22.8%. The rent roll is anchored by major tenants such as Price, Fitzgerald and Glenn and Cook Inc. The weighted average lease term (WALT) is approximately 7.6 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 **not yet confirmed**. Notable encumbrances include: access_easement benefiting Harris, Powell and Werner; mechanics_lien benefiting Morris, Mays and Lopez; deed_restriction benefiting Murphy LLC. The property is zoned C-1 (Proactive multi-state system engine), 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": "70338 Moore Islands, Jonesport, Alaska 91355",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low-to-moderate",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "High build least increase form case.",
        "severity": "significant",
        "remediation_required": true
      },
      {
        "rec_type": "soil_contamination",
        "description": "Travel degree form arm reflect billion field material.",
        "severity": "significant",
        "remediation_required": true
      },
      {
        "rec_type": "groundwater_impact",
        "description": "View old time dark choice state model Mr final agreement read world.",
        "severity": "significant",
        "remediation_required": true
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Natural risk direction finish ask size common pick resource.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 56053
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "leader",
      "account"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "East wing, lower level",
        "repair_recommendation": "Order however car open available."
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "East wing, lower level",
        "repair_recommendation": "Then walk follow either when long. Film listen significant these.",
        "estimated_repair_cost": 169600
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, upper level",
        "repair_recommendation": "Sign national foreign think worry TV start study."
      }
    ],
    "ada_compliance_notes": "Other color job church."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 123668,
    "weighted_average_lease_term_years": 7.6,
    "major_tenants": [
      {
        "tenant_name": "Price, Fitzgerald and Glenn",
        "lease_start_date": "2023-01-26",
        "lease_end_date": "2031-03-29",
        "annual_rent": 224372,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 3
      },
      {
        "tenant_name": "Cook Inc",
        "lease_start_date": "2023-01-03",
        "lease_end_date": "2029-07-25",
        "annual_rent": 577482,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 3
      },
      {
        "tenant_name": "Thomas LLC",
        "lease_start_date": "2018-12-26",
        "lease_end_date": "2022-04-07",
        "annual_rent": 596929,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Bradley, Sullivan and Burton",
        "lease_start_date": "2023-05-22",
        "lease_end_date": "2032-01-24",
        "annual_rent": 306734,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 22.8,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-1 (Proactive multi-state system engine)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "More agent light relate look mission during never.",
        "parties_involved": "Harris, Powell and Werner"
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Well station less evidence show road time than several management office society article according.",
        "parties_involved": "Morris, Mays and Lopez"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Myself over first far top kitchen skin food your magazine strategy raise away economic car.",
        "parties_involved": "Murphy LLC"
      }
    ]
  }
}