Durant Six Property Portfolio – Durant & Cartwright, Oklahoma

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investment highlights

1195 UNITS/224,259 NRSF // The portfolio consists of six locations, five of which are strategically located throughout Durant, Oklahoma and one Boat/RV storage facility nearby in Cartwright, Oklahoma that is convenient to Lake Texoma.
18TH MOST DYNAMIC MICROPOLITAN IN THE USA // Durant, Oklahoma is headquarters of Choctaw Nation which is the second largest employer in the state of Oklahoma highlighted by the Choctaw Casino Resort. The area is also home to Southeastern Oklahoma State University and numerous other manufacturing companies and national retailers.
ECONOMIES OF SCALE // The five properties in Durant are within a three-mile radius of each other with four of the locations (A&A East, First Street Storage I, First Street Storage II, and All Star Storage) within ¾ mile of one another creating an efficient management situation.
STRATEGIC VISIBILITY // The east side of the portfolio primarily fronts North First Avenue with traffic counts over 8,000 and the properties neighbor Southeastern Oklahoma State University, while A&A Storage West is in arguably the area’s most vibrant retail corridor with car counts over 12,000. J&S Boat Storage is also well located next to Lake Texoma making it an ideal location for boat/RV storage.

Broker Information

Dave Knobler

Senior Managing Director

Phone: 713.452.4293
Email: dknobler@marcusmillichap.com
License: TX 606252

Mixson Staffel

Investment Associate

Phone: 713.452.4247
Email: mstaffel@marcusmillichap.com
License: TX 748276

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Tim Speck

Broker of Record

Phone: 972. 755.5250
Email: tim.speck@marcusmillichap.com
License: 149994

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CONFIDENTIALITY AGREEMENT

THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as DURANT OKLAHOMA 6 PROPERTY PORTFOLIO. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners.

BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement.

THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it.
2. This Agreement applies to all Information about the Property received from Broker or Owner, now or in the future, which is not readily available to the general public. Buyer understands that all Information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker.
3. All Information shall be used for the sole purpose of evaluating the potential acquisition of the Property and shall not at any time or in any manner be used for any other purpose.
4. Buyer shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants.
5. Buyer and Buyer’s Broker acknowledge there is no co-op fee being paid.
6. Neither Broker nor Owner make any representations or warranty, express or implied, as to the accuracy or completeness of any Information provided by them. Buyer assumes full and complete responsibility for confirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same.
7. The persons signing on behalf of Buyer and Broker represent that they have the authority to bind the party for whom they sign.
8. This agreement shall be governed and construed in accordance with the laws of the State of Colorado.
9. Return of Documents: Upon review of Information provided, if Buyer no longer has an interest and does not wish to pursue negotiations leading to this acquisition, Buyer agrees to return in a timely fashion all Information provided in its original form to Charles D. LeClaire and/or Dave Knobler, if requested. Photocopying or other duplication is strictly prohibited.
10. In the event any party breaches its obligations under this Agreement, the prevailing party (parties), in any lawsuit brought to enforce the provisions of this Agreement, shall be entitled to reasonable attorney’s fees and costs in addition to all other remedies available to it.

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Contact The LeClaire-Schlosser Group

Durant Six Property Portfolio – Durant & Cartwright, Oklahoma

Property Location

Durant, OK

overview video

investment highlights

Broker Information

Dave Knobler

Mixson Staffel

Charles "Chico" LeClaire

Tim Speck

CONFIDENTIALITY AGREEMENT

We're here for you. Let us know how we can help.