Erik Weinberg And FCP Acquire 2401 Cedar Springs Office Building In Dallas For Multimillion-Dollar Repositioning
2401 Cedar Springs Road
Building Size
200,000 SF
Asset Type
Office
Closing
Sep 17, 2026
About this deal
AI
The asset involved in this transaction is a 200,000-square-foot office building located at 2401 Cedar Springs Road in Dallas, TX. The building is situated in the Uptown market area, known for its commercial potential and proximity to various amenities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2401 Cedar Springs Road
- Market: Dallas, TX
- Square Footage: 200,000
- Buyer: Erik Weinberg - Montclif; Lacy Rice & Esko Korhonen - FCP
- Brokers: Jonathan Napper, Bailey Wood & Rett Daugbjerg - JLL
- Mortgage Brokers: Gregory Napper & Blake Tyson - JLL
Montclif and FCP acquired the office building as their first investment in Dallas since launching in April 2026. The venture includes plans for a multimillion-dollar repositioning of the property, featuring a redesigned lobby, conference center, wellness upgrades, and hospitality-focused property management.
On the Map
Office
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Cedar Springs Office Market Snapshot
Boundary boundary · Office · Sale 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