Confidentiality Agreement For Signature By Prospective Purchaser
Independence Commercial Advisors
7000 N Mopac Expressway, Suite 200
Austin, TX 78731
Re: Proposed Sale of Norwood Court, to include the property and improvements located at 137 E Norwood Court, San Antonio, TX 78212 (hereinafter referred to as the “Property”) by the owner thereof (hereinafter referred to as “Owner”) to the prospective purchaser (hereinafter referred to as “Principal”).
To Whom It May Concern:
This letter will serve to confirm our agreement concerning certain information which may include various papers, documents, data, plans and other materials, portions of which may be included in a package or brochure (hereinafter referred to collectively as the “Evaluation Material”) which Independence Commercial Advisors (“Broker”) will make available to us for study in connection with a possible purchase by us of the Property.
Broker is prepared to furnish us with the Evaluation Material in connection with discussions and negotiations concerning a possible transaction involving the Property only on the conditions that we treat such Evaluation Material confidentially and confirm certain representations to Broker. Therefore, as a prerequisite to Broker furnishing to us the Evaluation Material, we hereby represent and agree as follows:
Independence Commercial Advisors is pleased to present Norwood Court, a well-maintained "value-add" asset consisting of eight units located in San Antonio, Texas. Given Norwood Courts strategic location, the property is ideally positioned as a value enhancement opportunity. This opportunity will allow a new owner to increase effective rental rates and realize greater potential returns on their investment. Norwood Court is poised to take advantage of significant proven income increases through continued interior "value-add" renovation or continue to cash-flow through current operations.ACCESS DOCUMENT CENTER