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2301 Cedar Springs Road, Da...

Bank OZK Leases Office Space At 2301 Cedar Springs Road In Dallas
LEASEDOffice

Bank OZK Leases Office Space At 2301 Cedar Springs Road In Dallas

2301 Cedar Springs Road, Dallas, Texas 75201, United States

Building Size

110,029 SF

Asset Type

Office

Closing

Apr 3, 2022

AI

The office property located at 2301 Cedar Springs Road in Dallas has been leased. The property spans an area of 110,029 square feet. The lease agreement was finalized on 04/04/2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 04/04/2022
  • Address: 2301 Cedar Springs Road, Dallas
  • Square Footage: 110,029

Bank OZK, represented by John Fox, is the tenant of the property. The landlord for this lease is Granite Properties. The landlord's representatives in this deal were Robert Jimenez and Burson Holman from Granite. The tenant was represented by Robert Blount from JLL.

Players

Robert Jimenez

Granite Properties

Broker

4 deals

Broker
Bank OZK
Bank OZKLender
Granite Properties
Granite PropertiesLandlord
Bank OZK
Bank OZKTenant

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