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1740 International Drive

Off-Market

1740 International Drive, Memphis, TN 38197

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  • Property Type Office - General Office
  • Property Size 238,583 SF
  • Lot Size 5.1 Acre
  • Parking Spaces Avail. 477
  • Parking Ratio 2.00 / 1,000 SF
  • Property Tenancy Single Tenant
  • LEED Certified Silver
  • Building Class A
  • Year Built 2014

Location

  • Walk Score ® Somewhat Walkable (51)
  • Transit Score ® Some Transit (27)
  • Bike Score ® Bikeable (52)
Powered by Walk Score ®
  • City Memphis, TN
  • Neighborhood River Oaks
  • Zip Code 38197
  • Market Memphis

Points of Interest

Cleveland Street

9.94 miles

Exxon

0.64 miles

Tesla Supercharger

0.70 miles

ChargePoint

2.76 miles

BP

4.01 miles

Kroger

4.63 miles

Mobil

6.52 miles

Valero

7.18 miles

Kroger Fuel

7.18 miles

Valero

7.19 miles

Shell

7.60 miles

Baptist Memorial Hospital for Women Garage

1.79 miles

Employee Parking

1.96 miles

Valet Lot

2.07 miles

BAC Parking

2.09 miles

Deloach Parking Garage

5.34 miles

DemocratTugLot

7.26 miles

Central Parking lot

7.72 miles

Overton Square Garage

8.47 miles

Parking Garage

8.52 miles

Memphis Zoo Parking

8.92 miles

Hilton Memphis

1.22 miles

Hampton by Hilton Inn & Suites Memphis Germantown

2.46 miles

InTown Suites Memphis Southeast

3.48 miles

Quality Suites I-240 East-Airport

3.54 miles

Siegel Select Memphis

4.43 miles

Home 1 Extended Stay

4.48 miles

Americas Best Value Inn & Suites Memphis E

4.58 miles

Budget Inn

5.63 miles

The John Meeks Mission & Service Center

5.74 miles

Econo Lodge

6.05 miles

Kitchenette Grab'n Go Cafe

2.65 miles

Gus's World Famous Fried Chicken

2.78 miles

Chick-fil-A

2.95 miles

Lenny's

3.72 miles

Rafferty's

3.86 miles

Wild Wing Station

3.91 miles

Panda Express

4.20 miles

McDonald's

4.76 miles

DWJ Eastern Grill & Sushi Bar

4.91 miles

McAlister's Deli

5.92 miles

Lausanne School

0.79 miles

Concorde Career College - Memphis

2.61 miles

White Station School

3.09 miles

Saint Dominics School

3.74 miles

Southwest Tennessee Community College

4.26 miles

University of Memphis - South Campus

4.46 miles

Presbyterian Day School

4.80 miles

The University of Memphis

5.23 miles

Strayer University

5.86 miles

Houston High School

6.26 miles

Fireside Temple Church of God in Christ Day Care Center

5.22 miles

Barbara K Lipman Early Childhood School and Research Institute

5.26 miles

Miriam Child Development Center

6.89 miles

Union Avenue Baptist Church Child Enrichment Center

8.28 miles

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 01 Mar, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

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.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Memphis Office Market

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

  • 2021 Avg. Asking Rent $18.77
  • 2021 Office Vacancy Rate 16.28%
  • 2021 Office Completions (SF) 45,000

Memphis Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $126.18
  • Y-o-Y Avg. PpSF Change 19.02%
  • 2021 Office Sales Volume $183.2M
  • 2021 Number of Transactions 16
View more Memphis market trends

Tax

  • Market Value* $50,726,400
  • Assessed Value $50,726,400

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 1740 International Drive?

1740 International Drive totals 238,583 square feet.

When was this property built?

1740 International Drive was built in 2014.

When was 1740 International Drive last sold?

1740 International Drive was last sold on 01 Mar, 2021.

What is the market value for 1740 International Drive?

The market value* for 1740 International Drive in 2022 was $50,726,400.
*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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