The Fortune Building

1707 S 341st Pl, Federal Way, WA 98003

Property Information

  • For Sale $2,900,000
  • Property Type Office - General Office
  • Property Size 13,220 SF
  • Lot Size 1.26 Acre
  • Building Class C
  • Year Built 1980
  • Date Updated Jun 30, 2026

Description

The property ideally located in a dense commercial area, adjacent to power retail centers such as Federal Way Crossings, Campus Square, and a Walmart Supercenter.NAI Puget Sound Properties is pleased to present for sale The Fortune Building, a fully leased office/flex investment property in Federal Way, WA. The property consists of a 13,200 SF building on a 54,901 SF lot.

Highlights

  • 13,220 SF Building on 1.26 AC Lot
  • Current Cap Rate: 6.54%
  • Current Rents of $14/sf are 20%+ Below Market
  • Currently Leased to 6 Tenants on NNN Leases
  • Fully Stabilized Office/Flex Park in Federal Way
  • Price: $2,900,000 ($219/sf)
  • Prime Location Just North of a Walmart Supercenter & Federal Way Crossings
  • Significant Recent Capital Improvements, Including Roof + HVAC
  • Small, Easy-to-Lease Units

Contacts

Location

  • 54/100 Somewhat Walkable
  • 32/100 Some Transit
  • 37/100 Somewhat Bikeable
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