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2101 Cedar Springs Road, Da...

Lido Advisors LLC Leases 9,247 SF Office Space In Uptown Dallas At 2101 Cedar Springs
LEASEDOffice

Lido Advisors LLC Leases 9,247 SF Office Space In Uptown Dallas At 2101 Cedar Springs

2101 Cedar Springs Road, Dallas, Texas 75201, United States

Building Size

9,247 SF

Asset Type

Office

Closing

Aug 30, 2022

AI

The office property located at 2101 Cedar Springs in the Uptown Dallas market has recently been leased. The property spans approximately 9,247 square feet and is owned by Rosewood Property Company, represented by Rick Perdue. The tenant for this lease is Lido Advisors LLC. Katie Chu from the Katie Chu Group acted as the tenant's representative in the deal, while Scott Walker, Kim Brooks, and Laney Underwood Delin from Transwestern Real Estate Services (TRS) represented the landlord.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 08/30/2022
  • Address: 2101 Cedar Springs
  • Market: Uptown Dallas
  • Square Footage: 9,247

This lease transaction involved the collaboration of various experienced professionals. Rick Perdue, representing Rosewood Property Company, negotiated the deal on the landlord's side. On the tenant's side, Katie Chu from the Katie Chu Group served as the tenant's representative. Additionally, Scott Walker, Kim Brooks, and Laney Underwood Delin, representing Transwestern Real Estate Services (TRS), played a pivotal role in ensuring a successful lease agreement.

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