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Chamber of Commerce Building

Off-Market

31919 1st Avenue South, Federal Way, WA 98003

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  • Property Type Office - General Office
  • Property Size 30,098 SF
  • Lot Size 2.4 Acre
  • Parking Spaces Avail. 80
  • Parking Ratio 2.66/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984

Location

  • City Federal Way, WA
  • Neighborhood Federal Way
  • Zip Code 98003
  • Market Seattle

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Federal Way

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 Federal Way Office Market

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

  • 2020 Avg. Asking Rent $22.97
  • 2020 Office Vacancy Rate 28.66%
  • 2020 Office Completions (SF)
View more Federal Way market trends

Tax

  • Property Tax in 2022 $29,594
  • Market Value* $2,696,600
  • Assessed Value $2,696,600

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 Chamber of Commerce Building?

Chamber of Commerce Building totals 30,098 square feet.

When was this property built?

Chamber of Commerce Building was built in 1984.

What is the property tax for Chamber of Commerce Building?

The property tax for Chamber of Commerce Building in 2022 was $29,594.

What is the market value for Chamber of Commerce Building?

The market value* for Chamber of Commerce Building in 2022 was $2,696,600.
*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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