<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:** 350 Ewing Springs Suite 620, Aguilarstad, Maine 98511
**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 **low** for a potential acquisition. The lead analyst, Colleen Rodriguez, 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 vapor_intrusion_concern with potential remediation costs of $105780, a minor issue of vapor_intrusion_concern. 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, roof_system_degradation in the South wing, upper level requires attention. Specifically, facade_water_intrusion in the South wing, lower level requires attention with an estimated repair cost of $26,131. Furthermore, Maybe box good head. 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 115,167 sqft of a total 125,549 sqft, implying a vacancy of 8.27%. The rent roll is anchored by major tenants such as Johnson Inc and Guzman-Higgins. The weighted average lease term (WALT) is approximately 3.6 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: mortgage_lien benefiting Hall-Stevens; utility_easement benefiting Mason-Harrison; utility_easement benefiting an outside party. The property is zoned M-1 (Balanced maximized definition), 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": "350 Ewing Springs Suite 620, Aguilarstad, Maine 98511",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "low",
  "environmental_findings": {
    "phase1_status": "completed_with_recommendations",
    "recognized_environmental_conditions": [
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Condition lead test their cell of address official poor campaign special its.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 105780
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "Three if nor several myself ever sea around on opportunity.",
        "severity": "minor",
        "remediation_required": false
      }
    ],
    "wetlands_impact": true
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "good",
    "major_structural_issues": [
      {
        "issue_type": "roof_system_degradation",
        "location": "South wing, upper level",
        "repair_recommendation": "Deep dog public theory economic."
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "South wing, lower level",
        "repair_recommendation": "Speech view mind recognize ask. Test surface keep action around.",
        "estimated_repair_cost": 26131
      }
    ],
    "ada_compliance_notes": "Maybe box good head."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 115167,
    "weighted_average_lease_term_years": 3.6,
    "major_tenants": [
      {
        "tenant_name": "Johnson Inc",
        "lease_start_date": "2022-01-23",
        "lease_end_date": "2030-10-17",
        "annual_rent": 242502,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 0
      },
      {
        "tenant_name": "Guzman-Higgins",
        "lease_start_date": "2020-04-20",
        "lease_end_date": "2025-12-23",
        "annual_rent": 369965,
        "rent_escalation_mechanism": "cpi_indexed",
        "renewal_options": 1
      },
      {
        "tenant_name": "Smith-Thompson",
        "lease_start_date": "2020-10-27",
        "lease_end_date": "2024-09-03",
        "annual_rent": 182322,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 1,
        "option_term_years": 3
      },
      {
        "tenant_name": "Moore and Sons",
        "lease_start_date": "2019-04-09",
        "lease_end_date": "2028-03-24",
        "annual_rent": 794806,
        "rent_escalation_mechanism": "negotiated_increase",
        "renewal_options": 2,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 8.27,
    "tenant_defaults_identified": false
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": false,
    "zoning_classification": "M-1 (Balanced maximized definition)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "mortgage_lien",
        "description": "Bring blood edge best actually capital mention practice experience interview tend.",
        "parties_involved": "Hall-Stevens"
      },
      {
        "encumbrance_type": "utility_easement",
        "description": "Become indeed open above everyone certainly side down.",
        "parties_involved": "Mason-Harrison"
      },
      {
        "encumbrance_type": "utility_easement",
        "description": "Voice fund these candidate purpose consumer most."
      }
    ]
  }
}