Value-Add Opportunity: New ownership will have the opportunity to add value to the property by updating the amenities, exteriors, and interiors with new countertops, appliances, fixtures, or flooring.
Newly Implemented Water Savings Program: Current ownership recently implemented a water savings program that monitors all of the toilets at the property. The system sends out a report listing units that have higher than normal water usage.
Prime Location within Winchester: The Summit is conveniently located on the west side of Winchester within a short drive to major local demand drivers, including:
Clark County Major Employers: Located in Clark County, The Summit provides quick access to major employers, including:
Winchester Industrial Expansion: Multiple companies located in Winchester have had new job announcements and expansions, including:
Proximity to Lexington Demand Drivers: The Summit tenants have about a 15 minute commute to Lexington, which is home to a variety of different demand drivers, including:
THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by The Kirkland Company (“Broker”), exclusive listing broker for the Property, and (“Buyer”) regarding the sale of the property known as The Summit (“Property”) located in Winchester, Kentucky. The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner.
BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. To receive an Offering Memorandum (“Offering Memorandum”) please read, sign and return this Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker 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 thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation.
THEREFORE, THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows: