DETROIT METRO C/O OPPORTUNITY
Warren, Michigan
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 Detroit Metro C/O Opportunity has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
EquiCap Commercial through ParaSell Inc. (Michigan Broker of Record) have been selected to exclusively offer for sale the Detroit Metro C/O Opportunity. 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
MI License #6505425224
Presented By:
Jesse D. Luke Scott Rihm Anne Blackwell Paul Robertson
630.696.7281 630.669.5625 901.486.4376 630.327.2209
Jesse@EquiCapCommercial.com Scott@EquiCapCommercial.com Anne@EquiCapCommercial.com Paul@EquiCapCommercial.com
Customer Information Form
What Customers Need to Know When Working With Real Estate Brokers or Licensees
This document describes the various types of agency relationships that can exist in real estate transactions.
AGENCY means a relationship in which a real estate broker or licensee represents a client by the client’s consent, whether expressed or implied, in an immovable property transaction. An agency relationship is formed when a real estate licensee works for you in your best interest and represents you. Agency relationships can be formed with buyers/sellers and lessors/lessees.
DESIGNATED AGENCY means the agency relationship that shall be presumed to exist when a licensee engaged in any real estate transaction, except as otherwise provided in LA R.S. 9:3891, is working with a client, unless there is a written agreement providing for a different relationship.
-
The law presumes that the real estate licensee you work with is your designated agent, unless you have a written agreement otherwise.
-
No other licensees in the office work for you, unless disclosed and approved by you.
-
You should confine your discussions of buying/selling to your designated agent or agents only.
DUAL AGENCY means an agency relationship in which a licensee is working with both buyer and seller or both landlord and tenant in the same transaction. Such a relationship shall not constitute dual agency if the licensee is the seller of property that he/she owns or if the property is owned by a real estate business of which the licensee is the sole proprietor and agent. A dual agency relationship shall not be construed to exist in a circumstance in which the licensee is working with both landlord and tenant as to a lease that does not exceed a term of three years and the licensee is the landlord. Dual agency is allowed only when informed consent is presumed to have been given by any client who signed the dual agency disclosure form prescribed by the Louisiana Real Estate Commission. Specific duties owed to both buyer/seller and lessor/lessee are:
-
To treat all clients honestly.
-
To provide factual information about the property.
-
To disclose all latent material defects in the property that are known to them.
-
To help the buyer compare financing options.
-
To provide information about comparable properties that have sold, so that both clients may make educated buying/selling decisions.
-
To disclose financial qualifications to the buyer/lessee to the seller/lessor.
-
To explain real estate terms.
-
To help buyers/lessees arrange for property inspections
-
To explain closing costs and procedures.
CONFIDENTIAL INFORMATION means information obtained by a licensee from a client during the term of a brokerage agreement that was made confidential by the written re- quest or written instruction of the client or is information the disclosure of which could materially harm the position of the client, unless at any time any of the following occur:
-
The client permits the disclosure by word or conduct.
-
The disclosure is required by law or would reveal serious defect.
-
The information became public from a source other than the licensee.
By signing below you acknowledge that you have read and understand this form and that you are authorized to sign this form in the capacity in which you have signed.
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 Detroit Metro C/O Opportunity – 22665 Ryan Road, Warren, MI Parcel #12-13-31-227-038 (the “Property”).
Scott Reid of ParaSell, Inc., Jon Hardison and agents 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.