Historical Office Sale Listing - Federal Way DSHS Building

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Federal Way DSHS Building

616 South 348th Street, Federal Way, WA 98003

N/A

22,590 SF | Office

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Federal Way Dept. of Social Health and Services

Office Property - Off Market

Price:
N/A
Building Size:
22,590 SF
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Institutional/
Governmental
Property Use Type:
Investment
Cap Rate:
7%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
1993
Lot Size:
116,701 SF
Listing ID
14241805
Last Updated
over 1 year ago

Highlights

  • 100% Leased
  • Immediate access to Interstate 5 via 348th Street
  • Quality improvements
  • Long term lease

Description

The property is a 22,590 square foot office building that is 100% leased to the State of Washington.

The building has immediate access to Interstate 5 and State Route 18 via the 348th Street interchange. Federal Way is located just 8 miles north of Downtown Tacoma and 25 miles south of Seattle. Federal Way is connected to the region by three exits along Interstate 5, as well as access points to State Highways 18, 509, 161 and Pacific Highway/SR99. The property is located only 12 miles from the Sea-Tac International Airport.

Map of 616 South 348th Street, Federal Way, WA 98003 (King County)

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Created 6/16/2005