Joannes Brothers Co. Building

Industry Partners releases the confidential data room for 800 & 810 Traction Ave, Los Angeles, CA 90013 once a Confidentiality Agreement is executed.

The undersigned prospective buyer (“Prospective Buyer”) declares its interest in exploring the possibility of acquiring 800 & 810 Traction Ave, Los Angeles, CA 90013 (the “Subject Property”) from 800 Traction Owner, LLC. (“Owner”) and hereby covenants and agrees as follows for the benefit of the Subject Property and Industry Partners (“Broker”).

1. Prospective Buyer agrees to at all times use the Confidential Information solely for the express purpose of exploring the possibility of purchasing the Subject Property and for no other purpose. Prospective Buyer will hold and treat the Confidential Information at all times in the strictest confidence, and will not, directly or indirectly, disclose or permit anyone else to disclose the Confidential Information or any part thereof to any other person, firm or entity without prior written authorization of Owner, nor will they use or permit the use of the Confidential Information in any fashion or manner detrimental to or in conflict with the interests of the Owner. “Confidential Information” shall mean and include any information, marketing materials, technical data, records, books of accounts, records, documents, agreements, licenses, contracts, vendor lists, operating history, assets or operations, architectural and engineering information, management agreements, or any other information, without limitation, related to the Subject Property, and/or the Owner, provided by the Owner or Broker, before or after the date hereof, to Prospective Buyer, or its employees or agents or other authorized representatives (collectively, "Representatives"), directly or indirectly, in writing, orally or through inspection of the assets or records. Representatives shall agree to be bound by the terms of this Agreement.
2. Prospective Buyer will conduct its own independent investigation of those matters which it deems appropriate in order to evaluate the Subject Property. Neither the Owner nor Broker has made any representations or warranties, expressed or implied, as to the accuracy or completeness of any of the information provided to Prospective Buyer. Any and all projections, pro forma budgets, and financial analysis’, which may be contained therein, represent estimates only, based on assumptions considered reasonable. No representations or warranties, express or implied, are made that actual results will conform to such projections. Any information provided by Owner or Broker is provided, subject to possible errors, omissions and changes in same, and is delivered subject to later modification or withdrawal. Furthermore, any information provided shall not be deemed a representation of the state of affairs of the Owner or the Subject Property. Prospective Buyer shall return all materials provided to it pursuant to this Agreement in the event Prospective Buyer does not buy the Subject Property.
3. Prospective Buyer is aware that Broker is concurrently marketing the Subject Property to Prospective Buyer and multiple other parties. Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Subject Property, and/or to terminate discussions with any party at any time, with or without notice.
4. Prospective Buyer and its Representatives shall be liable for all damages caused as a result of their failure to comply with the provisions of this Agreement. In the event any legal action is required to enforce the terms of this Agreement, including arbitration mediation or alternative dispute resolution, the prevailing parties shall be entitled to recover all of their reasonable attorneys fees and costs. If any provision hereof, or the application thereof to any circumstance, is found unenforceable, invalid, or illegal, such provision shall be deemed severed and deleted from this Agreement, or not applicable to such circumstance, as the case may be, and the remainder of this Agreement shall not be affected or impaired thereby. This Agreement is entered into in Los Angeles County, California, and shall be governed by the laws of the State of California.

Agreed and accepted: Prospective Buyer

Your details are shared with the listing brokers along with a copy of the executed agreement.