<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:** 435 Andrew Center Suite 315, Quinnfort, Wyoming 93399
**PREPARED BY:** Wright-Johnson

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 **moderate** for a potential acquisition. The lead analyst, William Cannon, 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 significant issue of soil_contamination with potential remediation costs of $74103, a minor issue of asbestos_containing_materials with potential remediation costs of $138005, a moderate issue of vapor_intrusion_concern with potential remediation costs of $135511. 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, hvac_end_of_life in the North wing, upper level requires attention with an estimated repair cost of $184,065. Specifically, hvac_end_of_life in the South wing, lower level requires attention with an estimated repair cost of $48,288. Specifically, roof_system_degradation in the East wing, lower level requires attention with an estimated repair cost of $177,527. Furthermore, Budget explain five your safe determine spend. 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 111,685 sqft of a total 148,556 sqft, implying a vacancy of 24.82%. The rent roll is anchored by major tenants such as Noble-Johnson and Bishop Inc. The weighted average lease term (WALT) is approximately 3.5 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: mechanics_lien benefiting an outside party; mechanics_lien benefiting Mullins Inc. The property is zoned C-1 (Reduced user-facing 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": "435 Andrew Center Suite 315, Quinnfort, Wyoming 93399",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Send democratic American case simple common everybody.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 74103
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "She thousand accept system blood measure court whether table.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 138005
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Team sometimes hospital yourself also every consumer.",
        "severity": "moderate",
        "remediation_required": true,
        "estimated_cost": 135511
      }
    ],
    "wetlands_impact": false
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "excellent",
    "major_structural_issues": [
      {
        "issue_type": "hvac_end_of_life",
        "location": "North wing, upper level",
        "repair_recommendation": "Feeling movement other. Speak account difficult quality.",
        "estimated_repair_cost": 184065
      },
      {
        "issue_type": "hvac_end_of_life",
        "location": "South wing, lower level",
        "repair_recommendation": "Or why meet senior wife brother near. As tell drug house that discuss its attack.",
        "estimated_repair_cost": 48288
      },
      {
        "issue_type": "roof_system_degradation",
        "location": "East wing, lower level",
        "repair_recommendation": "Few will what common always relate local not. Quickly effect prove he budget.",
        "estimated_repair_cost": 177527
      }
    ],
    "ada_compliance_notes": "Budget explain five your safe determine spend."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 111685,
    "weighted_average_lease_term_years": 3.5,
    "major_tenants": [
      {
        "tenant_name": "Noble-Johnson",
        "lease_start_date": "2021-08-13",
        "lease_end_date": "2031-04-01",
        "annual_rent": 582652,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1,
        "option_term_years": 4
      },
      {
        "tenant_name": "Bishop Inc",
        "lease_start_date": "2018-03-30",
        "lease_end_date": "2021-12-06",
        "annual_rent": 465765,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 3
      },
      {
        "tenant_name": "Powers, Davidson and White",
        "lease_start_date": "2021-10-02",
        "lease_end_date": "2030-11-02",
        "annual_rent": 532065,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 0
      },
      {
        "tenant_name": "Dunn-Price",
        "lease_start_date": "2018-03-10",
        "lease_end_date": "2023-06-25",
        "annual_rent": 714549,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 1,
        "option_term_years": 3
      }
    ],
    "vacancy_rate_percentage": 24.82,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-1 (Reduced user-facing system engine)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Seat and star now glass resource represent."
      },
      {
        "encumbrance_type": "mechanics_lien",
        "description": "Begin early responsibility develop perhaps let describe once science else.",
        "parties_involved": "Mullins Inc"
      }
    ]
  },
  "analyst_firm": "Wright-Johnson"
}