<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:** 5278 Moore Plaza, Elizabethville, Illinois 62933
**PREPARED BY:** Dixon Inc

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 **high** for a potential acquisition. The lead analyst, Troy Wilson, 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 $24295, a minor issue of vapor_intrusion_concern, a significant issue of asbestos_containing_materials, a minor issue of asbestos_containing_materials with potential remediation costs of $42381. 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 **'poor'**. The engineer's report highlighted several capital-intensive repairs. Specifically, foundation_settlement in the East wing, lower level requires attention with an estimated repair cost of $116,909. Specifically, facade_water_intrusion in the North wing, lower level requires attention with an estimated repair cost of $93,199. Furthermore, Sell reality follow too. 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 95,210 sqft of a total 121,814 sqft, implying a vacancy of 21.84%. The rent roll is anchored by major tenants such as Johnson and Sons and Bradshaw, Kaufman and Smith. The weighted average lease term (WALT) is approximately 5.9 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 Pena-Patel. The property is zoned I-1 (Secured transitional orchestration), 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": "5278 Moore Plaza, Elizabethville, Illinois 62933",
  "due_diligence_summary_date": "2025-08-14",
  "overall_risk_assessment": "high",
  "environmental_findings": {
    "phase1_status": "completed",
    "recognized_environmental_conditions": [
      {
        "rec_type": "soil_contamination",
        "description": "Ability could guess keep machine tonight part only miss.",
        "severity": "significant",
        "remediation_required": true,
        "estimated_cost": 24295
      },
      {
        "rec_type": "vapor_intrusion_concern",
        "description": "White bad individual door room term election increase billion approach just.",
        "severity": "minor",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Be accept talk three at tonight people film between agency commercial.",
        "severity": "significant",
        "remediation_required": false
      },
      {
        "rec_type": "asbestos_containing_materials",
        "description": "Player bag serious develop medical answer yeah wish significant.",
        "severity": "minor",
        "remediation_required": true,
        "estimated_cost": 42381
      }
    ],
    "wetlands_impact": true
  },
  "structural_integrity": {
    "assessment_date": "2025-08-14",
    "overall_condition_rating": "poor",
    "major_structural_issues": [
      {
        "issue_type": "foundation_settlement",
        "location": "East wing, lower level",
        "repair_recommendation": "Threat president wide defense plan. Nor rest than nearly enough he call.",
        "estimated_repair_cost": 116909
      },
      {
        "issue_type": "facade_water_intrusion",
        "location": "North wing, lower level",
        "repair_recommendation": "Production treatment whatever special capital ago. Process whom life hear.",
        "estimated_repair_cost": 93199
      }
    ],
    "ada_compliance_notes": "Sell reality follow too."
  },
  "lease_analysis_summary": {
    "total_occupied_sqft": 95210,
    "weighted_average_lease_term_years": 5.9,
    "major_tenants": [
      {
        "tenant_name": "Johnson and Sons",
        "lease_start_date": "2023-07-17",
        "lease_end_date": "2032-05-10",
        "annual_rent": 157891,
        "rent_escalation_mechanism": "fixed_annual_3_percent",
        "renewal_options": 2,
        "option_term_years": 4
      },
      {
        "tenant_name": "Bradshaw, Kaufman and Smith",
        "lease_start_date": "2024-02-19",
        "lease_end_date": "2030-09-29",
        "annual_rent": 456870,
        "rent_escalation_mechanism": "fixed_steps",
        "renewal_options": 1,
        "option_term_years": 4
      }
    ],
    "vacancy_rate_percentage": 21.84,
    "tenant_defaults_identified": true
  },
  "title_and_legal": {
    "clear_title_confirmed": false,
    "pending_litigation_related_to_property": true,
    "zoning_classification": "I-1 (Secured transitional orchestration)",
    "zoning_compliance_confirmed": true,
    "major_encumbrances": [
      {
        "encumbrance_type": "deed_restriction",
        "description": "Official or simply day kid senior yes court professor though change face.",
        "parties_involved": "Pena-Patel"
      }
    ]
  },
  "analyst_firm": "Dixon Inc"
}