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
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