500 West Putnam Avenue, Greenwich, CT

Property Type Office - General Office
Property Size 121,500 SF
Lot Size 4.15 Acre
Parking Spaces Avail. 394
Parking Ratio 3.25/ 1,000 SF
Property Tenancy Multi-Tenant
LEED Certified Gold
Building Class B
Year Built 1973

Location

Map
Street

City Greenwich, CT
Neighborhood Chickahominy
Zip Code 06830
Market Bridgeport New Haven

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 12 Jul, 2016
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Greenwich

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Greenwich Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $51.60
2020 Office Vacancy Rate 18.26%
2020 Office Completions (SF)

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Tax

Property Tax in 2021 $500,126
Market Value* $59,341,000
Assessed Value $59,341,000

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 500 West Putnam Avenue?

500 West Putnam Avenue totals 121,500 square feet.

When was this property built?

500 West Putnam Avenue was built in 1973.

When was 500 West Putnam Avenue last sold?

500 West Putnam Avenue was last sold on 12 Jul, 2016.

What is the property tax for 500 West Putnam Avenue?

The property tax for 500 West Putnam Avenue in 2021 was $500,126.

What is the market value for 500 West Putnam Avenue?

The market value* for 500 West Putnam Avenue in 2021 was $59,341,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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