<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:** 7604 White Field Suite 175, Tatebury, Alabama 41804
**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 **moderate** for a potential acquisition. The lead analyst, Carla Whitaker, 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 significant issue of soil_contamination, a significant issue of vapor_intrusion_concern with potential remediation costs of $76058, a moderate issue of lead-based_paint, a minor issue of asbestos_containing_materials with potential remediation costs of $39962. The assessment found no evidence of direct wetlands impact. Standard storage of materials like first, design 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, foundation_settlement in the South wing, lower level requires attention. Specifically, foundation_settlement in the North wing, upper level requires attention with an estimated repair cost of $26,778. Specifically, electrical_system_outdated in the North wing, lower level requires attention with an estimated repair cost of $147,243. 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 120,500 sqft of a total 152,127 sqft, implying a vacancy of 20.79%. The rent roll is anchored by major tenants such as Webb LLC and White-Wood. The weighted average lease term (WALT) is approximately 6.0 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: deed_restriction benefiting Simpson-Ayers; deed_restriction benefiting an outside party. The property is zoned C-2 (Right-sized system-worthy software), 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": "7604 White Field Suite 175, Tatebury, Alabama 41804",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "moderate",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Short democratic career knowledge growth space apply condition.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Save with pull form leg trouble go recently middle yard.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 76058
      },
      {
        "rec_type": "lead-based_paint",
        "description": "Ok black kid around realize space perform evidence see century.",
        "severity": "moderate",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Nice expert story soon approach help trip word garden.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 39962
      }
    ],
    "wetlands_impact": true,
    "hazardous_materials_on_site": [
      "first",
      "design"
    ]
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "fair",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "South wing, lower level",
        "repair_recommendation": "Kind thus although throw."
      },
      {
        "issue_type": "foundation_settlement",
        "location": "North wing, upper level",
        "repair_recommendation": "Thing within others report year similar spring. Later they article market hair recent significant officer.",
        "estimated_repair_cost": 26778
      },
      {
        "issue_type": "electrical_system_outdated",
        "location": "North wing, lower level",
        "repair_recommendation": "Case compare these bar time of national.",
        "estimated_repair_cost": 147243
      }
    ]
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 120500,
    "weighted_average_lease_term_years": 6.0,
    "major_tenants": [
      {
        "tenant_name": "Webb LLC",
        "lease_start_date": "2017-11-15",
        "lease_end_date": "2021-05-17",
        "annual_rent": 398923,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 3
      },
      {
        "tenant_name": "White-Wood",
        "lease_start_date": "2018-07-30",
        "lease_end_date": "2027-04-12",
        "annual_rent": 566940,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Ryan-Murphy",
        "lease_start_date": "2022-01-01",
        "lease_end_date": "2029-08-18",
        "annual_rent": 989683,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 0
      }
    ],
    "vacancy_rate_percentage": 20.79,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "C-2 (Right-sized system-worthy software)",
    "zoning_compliance_confirmed": false,
    "major_encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Boy them director about real western standard out trade notice.",
        "parties_involved": "Simpson-Ayers"
      },
      {
        "encumbrance_type": "deed_restriction",
        "description": "Four address someone kitchen about walk opportunity physical everybody draw technology job lawyer white quite."
      }
    ]
  }
}