Rosewood Property Company Leases Office Space To Megatel Homes In Uptown Dallas
2101 Cedar Springs Road, Dallas, Texas 75201, United States
Building Size
1,906 SF
Asset Type
Office
Closing
Aug 29, 2022
AI
The office property at 2101 Cedar Springs in Uptown Dallas has been leased by Megatel Homes. The property, measuring 11,567 square feet, is owned by Rosewood Property Company and was represented by Rick Perdue. The lease transaction was facilitated by Transwestern Real Estate Services (TRS), with Scott Walker, Kim Brooks, and Laney Underwood Delin serving as the landlord's representatives.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2101 Cedar Springs, Uptown Dallas
- Square Footage: 11,567
- Market: Uptown Dallas
The lease deal for the office property at 2101 Cedar Springs in Uptown Dallas was successfully executed. Megatel Homes has taken over the space, serving as the tenant. The lease transaction was orchestrated by Transwestern Real Estate Services (TRS), with Scott Walker, Kim Brooks, and Laney Underwood Delin representing Rosewood Property Company, the landlord. No additional details were provided regarding the terms of the lease.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93