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
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