Multi-Tenant Office
For Lease
Contact for pricing
1407 Union Ave, Memphis, TN 38104
16-story multi-tenant office building offers turn-key suites with a range of sizes for leasing in the medical district.
Space Size10,959 SF
Days on Market851
Property Features for 1407 Union Ave
General Information
Standard status
Active
Size
10,959 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Stories
16
Tenancy
Multi
Spaces For Lease
at 1407 Union Ave Contact us- Size
- 10,959 SF
- Type
- OFFICE
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
1407 Union Ave
- This impressive 16-story multi-tenant office building in Memphis, Tennessee, strategically...
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Listing Agency:
NAI Saig Company - Memphis
Listed By:
Brian Califf · License ##299669
(901) 526-3100
Source:
Moodyscre
Added: May 16, 2024
Changed: Sep 8
Last Checked: Sep 12 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Saig Company - Memphis
Investment Insights
Based on property information with market context.
This 16-story, multi-tenant office building is available for lease and offers a variety of suite sizes. The property is described as turn-key and designed to support diverse tenant needs within a single, professionally managed building.
Located within Memphis’s medical district and positioned between Midtown and the Medical District, the building provides quick access to I-240. It is also described as being just blocks from Memphis Methodist Hospital, supporting convenient access for employees and visitors.
Suites are available in multiple configurations, with the building’s total rentable area reported as 214,586 square feet.
Located within Memphis’s medical district and positioned between Midtown and the Medical District, the building provides quick access to I-240. It is also described as being just blocks from Memphis Methodist Hospital, supporting convenient access for employees and visitors.
Suites are available in multiple configurations, with the building’s total rentable area reported as 214,586 square feet.
Key Highlights
- 16‑story, multi‑tenant office building in Memphis, TN, available for lease
- 214,586 rentable SF with various suite sizes to accommodate different tenancy needs
- Located in the medical district, between Midtown and the Medical District
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 38104, TN
22,584
Population
14,315
Households
1.6
Avg Household Size
38
Median Age
52%
College-Educated
93%
High-School Grad
5.0 sq mi
ZIP Area
4,517
Density / Sq Mi
$56,452
Median Household Income
$48,300
Median Earnings
$1,073
Median Rent
$301,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Memphis, TN
$19.89 /SF/Yr
Avg Asking Price
$12.6–$24 /SF/Yr
Price Range
21,838 SF
Avg Space Size
Vacancy Rate% for Office in Memphis, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 16-story multi-tenant office building offers turn-key suites with a range of sizes for leasing in the medical district.
Where is this office building located?
The property is located at 1407 Union Ave Memphis, TN.
What are key features of this property?
This property features: 16‑story, multi‑tenant office building in Memphis, TN, available for lease; 214,586 rentable SF with various suite sizes to accommodate different tenancy needs; Located in the medical district, between Midtown and the Medical District
