CONFIDENTIALITY AGREEMENT
The following Confidentiality Agreement applies to information provided in connection with the potential sale of the property located at 1260 Stufflebeam Avenue, Henderson, Nevada 89011 (the “Property”), exclusively listed by the Vincent Advisory Group of LOGIC Commercial Real Estate (“LCRE” or “Broker”). Any prospective purchaser or cooperating real estate broker accepting this Agreement shall be referred to as the “Receiving Party.”
1. CONFIDENTIALITY AND USE OF INFORMATION
The Offering Memorandum and all additional nonpublic information provided by Seller, Broker, or their representatives regarding the Property (collectively, “Confidential Information”) are furnished solely to evaluate a potential acquisition. This includes leases, financial statements, tenant information, reports, contracts, and other information provided in any form.
The Receiving Party agrees to maintain such information in strict confidence and not disclose or use it for any other purpose, except to its prospective purchaser clients, partners, lenders, attorneys, accountants, consultants, or other representatives assisting in evaluating the acquisition. Such parties must be informed of the confidential nature of the information and directed to maintain its confidentiality. The Receiving Party shall be responsible for any unauthorized disclosure or use by parties to whom it provides Confidential Information.
2. PROPERTY INFORMATION AND DISCLAIMER
The Confidential Information is based on sources believed to be reliable; however, neither Seller, Broker, nor their representatives make any representation or warranty regarding the accuracy or completeness or assumes liability relating thereto.
The Property is offered on an “As Is, Where Is” basis. The Receiving Party and any prospective purchaser shall conduct their own independent investigations and due diligence, consult appropriate professionals, and not rely on the Confidential Information as a substitute for such investigations.
3. CONTACT WITH SELLER AND TENANTS
The Receiving Party and any prospective purchaser or representative receiving Confidential Information through the Receiving Party shall not contact Seller, tenants, property management, or their representatives regarding the Property or its potential sale without prior written consent from LCRE. All transaction-related inquiries and property tours shall be coordinated through LCRE.
This restriction does not apply to ordinary business communications or existing relationships unrelated to the potential sale, provided Confidential Information is not disclosed or misused.
4. SELLER’S RESERVATION OF RIGHTS
Seller and LCRE reserve the right to reject any offer or terminate discussions at their sole discretion. No Receiving Party or prospective purchaser shall have any rights or claims against Seller or LCRE relating to the marketing or sale of the Property, except as expressly provided in a fully executed Purchase Agreement.
5. TERM
The confidentiality obligations under this Agreement shall remain in effect for one (1) year from the date of acceptance.
6. BROKER COOPERATION
LCRE maintains a policy of cooperating with the investment brokerage community. Any cooperating broker compensation must be established in a separate written agreement with LCRE and shall be payable at closing in accordance with that agreement. This Confidentiality Agreement does not independently create any obligation to pay a commission.
Compensation is not offered to brokers purchasing as principals or representing entities in which they or immediate family members hold an ownership interest, unless otherwise agreed in writing. Cooperating brokers should register their prospective purchasers with LCRE before requesting confidential information or submitting offers. Prior contact between a purchaser and Seller or LCRE may affect eligibility for compensation, as determined by the separate written agreement.
PROPERTY SHOWINGS
IF PROPERTY IS OCCUPIED, DO NOT DISTURB TENANT. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT AN LCRE AGENT FOR DETAILS.
ACKNOWLEDGMENT AND ACCEPTANCE
By electronically accepting this Confidentiality Agreement, the Receiving Party acknowledges and agrees to its terms.
LOGIC COMMERCIAL REAL ESTATE
Vincent Advisory Group