116 Andover Park E 116 Andover Park E 23,542 SF 100% Leased Office Building Tukwila, WA 98188 $7,000,000 ($297.34/SF)

Newmark is pleased to present the opportunity to acquire 116 Andover Park E, a 23,542 SF, two-story multi-tenant building situated on a 1.23-acre two-parcel assemblage in the heart of Tukwila’s Southcenter submarket. The property is 100% leased to InnovAsian Cuisine, a privately held food manufacturer headquartered at the property, and FedEx Office, the retail arm of FedEx Corporation (NYSE: FDX). The site is zoned TUC-TOD, offering meaningful long-term redevelopment optionality under one of the most flexible zoning designations in South King County. 116 Andover Park E offers investors an opportunity to acquire a 23,542-square-foot two-story multi-tenant building in the vibrant Southcenter submarket of Tukwila. The property is fully leased to two creditworthy tenants: InnovAsian Cuisine, a prominent food manufacturer headquartered on-site, and FedEx Office, the retail subsidiary of FedEx Corporation (NYSE: FDX). This long-term occupancy provides stable cash flow and minimizes downtime risk for buyers seeking income reliability.
Strategically positioned minutes from I-5 and I-405, the property ensures exceptional accessibility throughout the Seattle-Tacoma corridor. Tenants and visitors benefit from immediate proximity to Southcenter Mall, a premier regional shopping destination featuring extensive dining, retail, and entertainment options. The property’s location also provides swift connectivity to Seattle-Tacoma International Airport, only 12 minutes away, appealing to businesses requiring logistics and travel convenience.
Tukwila’s TUC-TOD zoning encourages transit-oriented development, supporting long-term appreciation in a market experiencing consistent population and employment growth. Positioned within a robust economic hub, the asset combines secure tenancy with lasting locational strength, making it an attractive acquisition for buyers focused on stability and future upside.