- For Sale $2,595,000
- Property Type Office - General Office
- Property Size 14,048 SF
- Units 39
- Lot Size 1.26 Acre
- Building Class C
- Year Built 1979
- Date Updated Aug 4, 2026
Description
Strategically located between Seattle and Tacoma, Federal Way is a premier South King County commercial hub offering exceptional regional connectivity via Interstate 5, State Route 18, and SR-99. The city serves a broad consumer base and continues to experience investment driven by population growth, expanding healthcare services, and significant transportation improvements, including the future Sound Transit Link light rail extension.The subject property is a stabilized multi-tenant office investment featuring predominantly small-format suites. The property contains approximately 14,048 square feet of building area on approximately 54,798 square feet of land and is currently approximately 93.8% occupied.
Highlights
- 14K SF Office Building on 1.25 AC Lot
- 94% Occupied Across 39 Units
- Ample Parking on Large Lot
- Current Cap Rate: 7.03%
- Diverse Tenant Mix of Professional, Service, Health/Beauty, and More
- Price: $2,595,000 ($185/sf)
- Significant Capital Upgrades New Roof, HVAC, and Lot Paving
- Significant Rental Upside
- Small Format Units Provide Opportunity for Easy Leasing, High Rents
- Stabilized, High Occupancy Investment
False
Contacts
Kyle Sterling
NAI Puget Sound Properties
Location
Contact Listing Broker
Kyle Sterling
NAI Puget Sound Properties
