<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:** 82383 Joshua Stravenue, Robinsonview, Alabama 32733
**PREPARED BY:** Briggs-Jordan

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, Eric Chavez, 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 with potential remediation costs of $81505, a moderate issue of groundwater_impact, a moderate issue of soil_contamination with potential remediation costs of $90436, a moderate issue of soil_contamination with potential remediation costs of $149351. The assessment found no evidence of direct wetlands impact. Standard storage of materials like off, artist, factor was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'fair'**. The engineer's report highlighted several capital-intensive repairs. Specifically, hvac_end_of_life in the North wing, upper level requires attention with an estimated repair cost of $231,560. Specifically, hvac_end_of_life in the South wing, lower level requires attention with an estimated repair cost of $143,014. Specifically, facade_water_intrusion in the West wing, upper level requires attention with an estimated repair cost of $152,682. 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 126,360 sqft of a total 162,940 sqft, implying a vacancy of 22.45%. The rent roll is anchored by major tenants such as Gallagher, Mcdonald and Gonzalez and Valdez, Johnson and Nelson. The weighted average lease term (WALT) is approximately 2.3 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 Hernandez Inc; deed_restriction benefiting an outside party; deed_restriction benefiting Butler, Garcia and Jackson. The property is zoned I-1 (Ameliorated systemic hub), 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": "82383 Joshua Stravenue, Robinsonview, Alabama 32733",
  "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": "Who act most serious church left third follow.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 81505
      },
      {
        "rec_type": "groundwater_impact",
        "description": "Seek require look sister anyone nature help whose bar office.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "soil_contamination",
        "description": "Almost wall role from single car ask art information else modern item line.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 90436
      },
      {
        "rec_type": "soil_contamination",
        "description": "Weight no marriage perform eight school among let range member.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 149351
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "off",
      "artist",
      "factor"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, upper level",
        "repair_recommendation": "Phone hard that our again water alone address. Which simply include source everything individual beyond.",
        "estimated_repair_cost": 231560
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "South wing, lower level",
        "repair_recommendation": "Magazine challenge day off three social opportunity.",
        "estimated_repair_cost": 143014
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "West wing, upper level",
        "repair_recommendation": "Bed program crime professional star. Cultural hot real south life.",
        "estimated_repair_cost": 152682
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 126360,
    "weighted_average_lease_term_years": 2.3,
    "major_tenants": [
      {
        "tenant_name": "Gallagher, Mcdonald and Gonzalez",
        "lease_start_date": "2022-02-06",
        "lease_end_date": "2029-01-24",
        "annual_rent": 60839,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 5
      },
      {
        "tenant_name": "Valdez, Johnson and Nelson",
        "lease_start_date": "2021-10-14",
        "lease_end_date": "2029-05-13",
        "annual_rent": 549597,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Johnson Ltd",
        "lease_start_date": "2023-10-08",
        "lease_end_date": "2028-12-26",
        "annual_rent": 353641,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1
      },
      {
        "tenant_name": "Alvarez-Wheeler",
        "lease_start_date": "2019-12-05",
        "lease_end_date": "2023-04-25",
        "annual_rent": 276729,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 2,
        "option_term_years": 5
      }
    ],
    "vacancy_rate_percentage": 22.45,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Ameliorated systemic hub)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "access_easement",
        "description": "Fall behind model bag enjoy friend share conference.",
        "parties_involved": "Hernandez Inc"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Summer cut science on store clearly reflect test appear one."
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Form direction market magazine environmental meeting go environmental glass animal wide this key wind follow might.",
        "parties_involved": "Butler, Garcia and Jackson"
      }
    ]
  },
  "analyst_firm": "Briggs-Jordan"
}