ClearHome Self Storage
Tulsa, Oklahoma
Review the Confidentiality Agreement then Submit Form at Bottom of Page to Access Offering Memorandum
Confidentiality Agreement
The information listed in the marketing materials for the ClearHome Self Storage have been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
EquiCap Commercial through ParaSell Inc. (Oklahoma Broker of Record) have been selected to exclusively offer for sale ClearHome Self Storage. This Investment Offering Memorandum has been prepared by EquiCap Commercial for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related hereto, nor does it purport to be all inclusive or to contain all of the information which perspective investors may need or desire. All projections have been developed by Seller, EquiCap Commercial, ParaSell Inc. and designated sources, and are based upon assumptions relating to the general economy, competition and other forces beyond the control of the Seller and are therefore subject to variation.
No representation is made by Seller, EquiCap Commercial or ParaSell Inc. as to the accuracy or the completeness of the information contained herein and nothing contained herein is, or shall be replied on as, a promise or representation as to the future performance of the Property.
Although the information contained herein is believed to be correct, Seller and its employees, disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, EquiCap Commercial, ParaSell Inc., and the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, the Investment Offering Memorandum, or any other written or oral communication transmitted or made available to the recipient. The Investment Offering Memorandum does not constitute a representation that the business or affairs of the Property or Seller. Analysis and verification of the information contained in the Investment Offering Memorandum is solely the responsibility of the prospective purchaser.
Seller, EquiCap Commercial and ParaSell Inc. each expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and/or terminate the discussions with any entity at any time with or without notice. Seller shall have no legal commitment or obligations to any entity reviewing the Investment Offering Memorandum, or making an offer to purchase the Property, unless and until such offer is approved by the Seller, a written agreement for the purchase of the Property has been fully executed, delivered and approved by Seller and its legal counsel and any conditions to Seller's obligations thereunder have been satisfied or waived.
This Investment Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Investment Offering Memorandum, you agree that you will hold and treat it in the strictest of confidence, that you will not photocopy or duplicate it, that you will not disclose the Investment Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you if necessary, for your determination of whether or not to make a proposal and from whom you have obtained the agreement of confidentiality) without prior written authorization of Seller, EquiCap Commercial and Parasell, Inc. and that you will not use the Investment Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller, Seller’s tenants or EquiCap Commercial and ParaSell Inc..
The term of this agreement shall be for the later of (i) one (1) year, or (ii) until such a time that Seller no longer owns the Property. Seller and tenants of the Property are intended third party beneficiaries of this Agreement.
Exclusively Listed By:
Scott Reid
Parasell, Inc.
949.942.6585
Broker – ParaSell, Inc. OK-183646
Presented By:
Jesse D. Luke Scott Rihm
630.696.7281 630.669.5625
Jesse@EquiCapCommercial.com Scott@EquiCapCommercial.com
OKLAHOMA TRANSACTION BROKERAGE AGREEMENT AND CONSENT
This Oklahoma Transaction Brokerage Agreement and Consent (“Agreement”) is made and entered into by and
between Seller, Buyer, Broker and OSL Broker and is effective as of the date of the last party to execute this Agreement
(“Effective Date”), and is subject to the terms and conditions as set forth below:
The following real estate relationship is hereby permitted, agreed upon, and consent given for Broker/OSL Broker and its
agents to act as a Transaction Brokerage in connection with the transaction involving the real property located at 8950 E. Admiral Place, Tulsa, OK 74115 (the “Property”).
It is the policy of ParaSell, Inc. to practice Dual, Designated, and/or Transaction Agency in its various forms, as permitted
by the laws of the state in which they are practiced.
Seller and Buyer fully understands, agrees to, and acknowledges all statements listed below:
Seller and Buyer agree upon the following form of agency:
☐ Transaction Broker for Both Parties
OR
OR
☐ Single-Party Broker for one party and Transaction Broker for the other party
☐ Transition (Conversion) to Transaction Broker where an existing single-agency agreement is already in
place for both parties
Working with Buyers and Sellers in the Same Transaction
A. When assisting both parties to a transaction, a broker may enter into the following relationships:
1. As a transaction broker for both parties;
2. As a single-party broker for one party and as a transaction broker for the other party.
3. As a transaction broker where the broker has previously entered into a written brokerage agreement to provide
services as a single-party broker for both parties.
B. Disclosures and Consents
1. Disclosure of Single-Party Broker status: Section 858-355(B)(2): “As a single party broker for one party and as
a transaction broker for the other party. In this event, a broker shall disclose in writing to the party for whom the
broker is providing services as a transaction broker, the difference between a transaction broker and a single-party
broker, and that the broker is a single-party broker from the other party and performs services for the benefit of the
other party in the transaction;”
2. Consent for “Conversion” to Transaction Brokerage: Section 858-355(B)(3): “As a transaction broker where the
broker has previously entered into a written brokerage agreement to provides services as a single-party broker for
both parties. In this event the broker shall obtain the written consent of each party before the broker begins to
perform services as a transaction broker. …”
C. Transition (Conversion) to Transaction Broker where an existing single-agency agreement is already in place for
both parties:
a. a description of the transaction or type of transactions that might occur in which the single party broker seeks to
obtain consent to become a transaction broker.
b. in such transactions the single-party broker would perform services for more than one party whose interest could
be different or even adverse and that such transactions require the broker to seek the consent of each party to such
transactions to permit a change in the brokerage relationship.
c. by giving consent in such transactions:
(1) the party will allow the broker to change the broker’s relationship from performing services as a single-
party broker to performing services as a transaction broker,
(2) the broker will no longer provide services for the benefit of the party, but may only assist in such
transactions,(3) the broker will not be obligated to obey the specific directions of the party but will assist all parties to
such transactions,
(4) the party will not be vicariously liable for the acts of the broker and associated associates, and
(5) the broker’s obligation to keep confidential information received from the party confidential is not
affected,
D. Single-Party Broker for one party and Transaction Broker for the other party:
a. a description of the transaction or type of transactions that might occur in which a single party broker already in
a single party representation agreement, agrees to act as a transaction broker for the other party while still retaining
single party representation of their client.
b. The party previously unrepresented shall be treated as a customer of the broker who will owe to them the limited
duties of a transaction broker that does not include the duties of loyalty and obedience, nor will the party be
vicariously liable for the acts of the broker.
c. Both parties shall enjoy the duty of confidentiality.
E. Transaction Broker for Both Parties
a. a description of the transaction or type of transactions that might occur in which two unrepresented parties agree
to be represented by the same broker.
b. the dual agent will be working for both the seller and buyer,
c. that they understand that they may engage their own agent to act solely for them,
d. that they understand that they are giving up their right to the agent's undivided loyalty,
e. and that they have carefully considered the possible consequences of a dual agency relationship.
Significantly, by consenting to any of the above, with the exception of single agency, you are giving up your right to have
your agent be loyal to you, since your agent is now also representing your adversary. Once you give up that duty of loyalty,
the agent can advance interests adverse to yours. For example, once you agree to dual agency, you may need to be careful
about what you say to your agent because, although your agent still cannot breach any confidences, your agent may not use
the information you give him or her in a way that advances your interests.
As a principal in a real estate transaction, you should always know that you have the right to be represented by an agent
who is loyal only to you throughout the entire transaction. Your agent's fiduciary duties to you need never be compromised
and parties my refuse to enter into any of the above agency relationships.
IN WITNESS WHEREOF, the parties have read and understand the above, and have voluntarily entered into and executed
this Agreement and Consent as of the date of last signature (the “Effective Date”).
CONFIRMATION OF REAL ESTATE AGENCY RELATIONSHIP
The following relationships are hereby confirmed, as of the dates set forth below, in connection with the transaction involving the real property and/or business located at 3150 E Reno Ave, Oklahoma City, Oklahoma 73117 (the “Property”).
Scott Reid of ParaSell, Inc. and Jon E. Hardison of EquiCap Commercial, LLC are the agents of (check one):
☒ the seller exclusively; or
☐ the buyer exclusively; or
☐ both the buyer and seller
As used herein, “Seller” includes the landlord or other transferor of the Property, and “Buyer” includes the tenant or other transferee of the Property.
I/WE ACKNOWLEDGE RECEIPT OF THE FOREGOING AND HEREBY CONFIRM THE SAME.
