Confidentiality Agreement and AZ Legal Disclosure

 

The information listed in the marketing materials for ExtraSpace Storage (Managed) have been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

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EquiCap Commercial through ParaSell Inc. (Arizona Broker of Record) have been selected to exclusively offer for sale ExtraSpace Storage (Managed). 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.

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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.

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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.

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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.

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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..

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STATE PROVISIONS: Seller acknowledges Arizona law requires that you disclose material facts about the property whether or not you are asked by the buyer or a real estate agent, or when asked to complete a disclosure form. You may also be required to complete and record an affidavit of disclosure if selling property in an unincorporated area of a county. If you do not make the legally required disclosures, you may be subject to civil liability. Under certain circumstances, nondisclosure of a fact is the same as saying that the fact does not exist.

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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

Broker – Parasell, Inc.

940 South Coast Plasa – Ste 100

Costa Mesa, CA 92626

(949) 942-6578

broker@parasellinc.com

AZ - BR707387000

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Presented By:

Jesse D. Luke                                     Scott Rihm                                          Devin Beasley                             

EquiCap Commercial                           EquiCap Commercial                          Cushman & Wakefield

630.696.7281                                      630.669.5625                                     703.795.9942                                  

Jesse@EquiCapCommercial.com      Scott@EquiCapCommercial.com       Devin.Beasley@Cushwake.com    

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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 ExtraSpace Storage (Managed), 1926 S Crismon Rd, Mesa, AZ ("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.