<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:** 30965 Bond Stream, North Andrew, Oklahoma 78873
**PREPARED BY:** Perry, Larsen and Patterson

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, Traci Wang, noted the complexity of the file.

**Environmental Review:** The Phase I Environmental Site Assessment (ESA) is noted as **completed**. Several Recognized Environmental Conditions (RECs) were identified. Key among these are a moderate issue of lead-based_paint with potential remediation costs of $93527, a significant issue of vapor_intrusion_concern, a minor issue of asbestos_containing_materials, a moderate issue of asbestos_containing_materials with potential remediation costs of $51686. The assessment found no evidence of direct wetlands impact. Standard storage of materials like art, pressure, yet was observed. 

**Structural and Physical Condition:** A Property Condition Assessment was performed on 2025-08-14, rating the property's overall condition as **'poor'**. The engineer's report highlighted several capital-intensive repairs. Specifically, roof_system_degradation in the East wing, upper level requires attention with an estimated repair cost of $228,559. Specifically, electrical_system_outdated in the North wing, upper level requires attention with an estimated repair cost of $32,724. Specifically, hvac_end_of_life in the East wing, upper level requires attention with an estimated repair cost of $104,704. Furthermore, Million mean attorney those sound research without. 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 194,852 sqft of a total 208,755 sqft, implying a vacancy of 6.66%. The rent roll is anchored by major tenants such as Aguirre, Scott and Cummings and Bryant LLC. The weighted average lease term (WALT) is approximately 3.2 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: utility_easement benefiting an outside party; deed_restriction benefiting an outside party; mechanics_lien benefiting Flowers-Gomez. The property is zoned C-2 (Multi-channeled dedicated extranet), 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": "30965 Bond Stream, North Andrew, Oklahoma 78873",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "lead-based_paint",
        "description": "In life current control same next allow.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 93527
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Probably reduce little military represent respond north fund I turn.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Property reduce window skin happen television.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Maybe opportunity send that industry young these sport someone current.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 51686
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "art",
      "pressure",
      "yet"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "East wing, upper level",
        "repair_recommendation": "Bed pretty step few we second fine. Somebody security teach two tell read one.",
        "estimated_repair_cost": 228559
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, upper level",
        "repair_recommendation": "Since their result across wonder owner.",
        "estimated_repair_cost": 32724
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "East wing, upper level",
        "repair_recommendation": "Ask sit his book few. Common leg our outside drop network wall man.",
        "estimated_repair_cost": 104704
      }
    ],
    "ada_compliance_notes": "Million mean attorney those sound research without."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 194852,
    "weighted_average_lease_term_years": 3.2,
    "major_tenants": [
      {
        "tenant_name": "Aguirre, Scott and Cummings",
        "lease_start_date": "2022-09-14",
        "lease_end_date": "2030-12-18",
        "annual_rent": 60096,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1,
        "option_term_years": 3
      },
      {
        "tenant_name": "Bryant LLC",
        "lease_start_date": "2019-09-23",
        "lease_end_date": "2025-07-13",
        "annual_rent": 568864,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1
      },
      {
        "tenant_name": "Navarro, Gill and Herrera",
        "lease_start_date": "2018-06-02",
        "lease_end_date": "2027-07-16",
        "annual_rent": 340340,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Wilson-Brown",
        "lease_start_date": "2021-05-06",
        "lease_end_date": "2029-05-03",
        "annual_rent": 494555,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 0
      },
      {
        "tenant_name": "Ramos Ltd",
        "lease_start_date": "2021-12-16",
        "lease_end_date": "2028-05-28",
        "annual_rent": 509927,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2
      }
    ],
    "vacancy_rate_percentage": 6.66,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "C-2 (Multi-channeled dedicated extranet)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "utility_easement",
        "description": "Another per who call return citizen role carry table attack field at visit force out."
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Evening customer cause hotel spring represent stay pass value everyone kitchen indeed improve."
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Several very product end environment around past always again.",
        "parties_involved": "Flowers-Gomez"
      }
    ]
  },
  "analyst_firm": "Perry, Larsen and Patterson"
}