33650 6th Ave S - Office FOR SALE


Federal Way, WA 98003
$6,950,000 USD
253-948-7032
33650 6th Ave S, Federal Way, WA for Sale
$6,950,000 USD
Office - FOR SALE
1/25
null | 8.71% Cap Rate

33650 6th Ave S
Federal Way, WA 98003


OVERVIEW

This fully stabilized office building offers investors a reliable income stream supported by a diverse mix of eight tenants representing a range of industries, including both professional office users and medical service providers. This tenant diversity reduces exposure to any single sector and enhances overall asset resilience. With a Weighted Average Lease Term (WALT) of approximately 3.85 years, the property offers durable cash flow supported by staggered lease maturities. The staggered lease maturities further contribute to long-term cash flow stability, positioning the asset as a low-risk, income-generating investment opportunity.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

8.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

OP

APN/PARCEL ID

926480-0210

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.