33405 8th Ave S - Office FOR SALE


Federal Way, WA 98003
$9,350,000 USD
253-948-7032
33405 8th Ave S, Federal Way, WA for Sale
$9,350,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

33405 8th Ave S
Federal Way, WA 98003


OVERVIEW

Kidder Mathews is proud to present Evergreen Corporate Plaza, an 114,408-square-foot Class A office building situated on three parcels totaling 10.41 acres in the west campus of Federal Way. Evergreen Corporate Plaza is a 114,408 square foot office building sitting on three parcels totaling 10.41 AC. The asset is currently 81% occupied and would be an excellent value-add investment or owner/user opportunity. Value add investors have the opportunity to acquire one of the largest buildings in Federal Way at a low basis, and capture upside through leasing out the vacant suites. The project also appeals to owner/users given the flexibility to occupy up to 61,904 SF, offsetting cash flow with long-term Leases to credit Tenants on the two occupied suites. Evergreen Corporate Plaza is located off of 336th & 8th in the West Campus office hub of Federal Way. With easy access to Hwy 99, I-5, and Hwy 18, the location is ideal from a transportation/commuting perspective.

FOR SALE DETAILS

PRICE

$9,350,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Evergreen Corporate Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

371

LAND DETAILS

LAND ACRES

10.41 AC

LAND SF

453,460 SF

ZONING

OP, Federal Way

APN/PARCEL ID

926500-0060

ASK ABOUT THIS PROPERTY

Drew FrameKidder MathewsMore Info
253-948-7032

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Drew FrameKidder MathewsMore Info
253-948-7032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.