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Forest Park

Off-Market

33320 9th Avenue South, Federal Way, WA 98003

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  • Property Type Office - General Office
  • Property Size 34,500 Sqft
  • Lot Size 2.64 Acre
  • Parking Spaces Avail. 151
  • Parking Ratio 4.40/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1981

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 Date 01 Dec, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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 (Sqft)
View more Federal Way market trends

Tax

  • Property Tax in 2021 $45,756
  • Market Value $3,911,200
  • Assessed Value $3,911,200

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Forest Park?

Forest Park totals 34,500 square feet.

When was this property built?

Forest Park was built in 1981.

When was Forest Park last sold?

Forest Park was last sold on 01 Dec, 2015.

What is the property tax for Forest Park?

The property tax for Forest Park in 2021 was $45,756.

What is the market value for Forest Park?

The market value for Forest Park in 2021 was $3,911,200.

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