Eastgate Office Building
5118 Park Avenue, Memphis, TN 38117
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- Property Type Office - General Office
- Property Size 65,396 SF
- Lot Size 12.01 Acre
- Parking Spaces Avail. 255
- Parking Ratio 3.90/ 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1984
- City Memphis, TN
- Neighborhood Eastgate
- Zip Code 38117
- Market Memphis
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|370 17th Street #5500||MERRILL, (303) 446-5500||23,824 SF||$23/SF/YR||Modified
|370 17th Street
|Morrison & Foerster,
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Average Actual Rents in Memphis
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.
Asking Rents in Memphis Office Market
Office rental rates are based on aggregated data of asking rates.
- 2020 Avg. Asking Rent $18.55
- 2020 Office Vacancy Rate 18.07%
- 2020 Office Completions (SF) 186,967
Memphis Office Sales Trends
All sale prices are based on publicly recorded, verified sales.
- 2020 Avg. Price per SF $72.03
- 2020 Office Sales Volume $178.9M
- 2020 Number of Transactions 9
- Property Tax in 2021 $226,406
- Market Value* $8,421,000
- Assessed Value $8,421,000
Find more tax info, including assessment history and abatements, on CommercialEdge
*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 Eastgate Office Building?
Eastgate Office Building totals 65,396 square feet.
When was this property built?
Eastgate Office Building was built in 1984.
When was Eastgate Office Building last sold?
Eastgate Office Building was last sold on 30 Dec, 2010.
What is the property tax for Eastgate Office Building?
The property tax for Eastgate Office Building in 2021 was $226,406.
What is the market value for Eastgate Office Building?
The market value* for Eastgate Office Building in 2021 was $8,421,000.
*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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