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2101 Cedar Springs Road, Da...

Rosewood Property Company Leases Office Space To Megatel Homes In Uptown Dallas
LEASEDOffice

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

Kim Brooks

Transwestern

Broker

9 deals

Broker
Rick Perdue

Rick Perdue

Rosewood Property Company

Landlord

$175.9M

vol

9 deals

Landlord

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