<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:** 6864 Alexis Parkways Apt. 575, Ashleystad, Georgia 21501
**PREPARED BY:** Hayes, Rios and King

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, George Carr, 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 moderate issue of vapor_intrusion_concern with potential remediation costs of $91521, a minor issue of asbestos_containing_materials, a minor issue of lead-based_paint with potential remediation costs of $60020, a significant issue of asbestos_containing_materials. 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 **'good'**. 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 $187,680. Specifically, electrical_system_outdated in the South wing, upper level requires attention with an estimated repair cost of $160,315. 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 102,693 sqft of a total 104,447 sqft, implying a vacancy of 1.68%. The rent roll is anchored by major tenants such as White-Robertson and May-Kerr. The weighted average lease term (WALT) is approximately 2.5 years, providing stable near-term cash flow. Rent escalation for key tenants is a mix of mechanisms, including fixed_steps. 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 M-1 (Synergistic background framework), 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": "6864 Alexis Parkways Apt. 575, Ashleystad, Georgia 21501",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "further_investigation_required",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Everyone people standard officer thousand step life forward pull year fact sport go.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 91521
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Life of during gas according carry.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Bar collection wear small girl church how effect weight.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 60020
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Since together old candidate at stand matter sound spend responsibility fast shoulder.",
        "severity": "significant",
        "remediation_required": false
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, upper level",
        "repair_recommendation": "Protect visit subject safe. All shake let out beyond exist experience.",
        "estimated_repair_cost": 187680
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "South wing, upper level",
        "repair_recommendation": "Particular course phone else son than. Very accept edge economy contain there third.",
        "estimated_repair_cost": 160315
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 102693,
    "weighted_average_lease_term_years": 2.5,
    "major_tenants": [
      {
        "tenant_name": "White-Robertson",
        "lease_start_date": "2023-12-02",
        "lease_end_date": "2029-11-04",
        "annual_rent": 869355,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 2
      },
      {
        "tenant_name": "May-Kerr",
        "lease_start_date": "2019-10-24",
        "lease_end_date": "2028-10-10",
        "annual_rent": 725081,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Wilson-Becker",
        "lease_start_date": "2021-12-25",
        "lease_end_date": "2030-03-07",
        "annual_rent": 275436,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      },
      {
        "tenant_name": "Green, Haynes and Hopkins",
        "lease_start_date": "2022-01-07",
        "lease_end_date": "2025-07-24",
        "annual_rent": 355933,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3,
        "option_term_years": 5
      }
    ],
    "vacancy_rate_percentage": 1.68,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": true,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Synergistic background framework)",
    "zoning_compliance_confirmed": false
  },
  "analyst_firm": "Hayes, Rios and King"
}