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Olympic Office Plaza 1200 S 192nd St 20,548 SF 75% Leased Office Building Seatac, WA 98148 $2,790,000 ($135.78/SF) 10.77% Cap Rate

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Executive Summary

Located blocks from Hwy-99, Hwy-509 and SeaTac Airport, this three-story office building is currently 75% occupied by four (4) tenants. Entire 1st and 3rd floors available to Owner/User on July 1, 2026.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,548 SF
Building Class
B
Year Built
1983
Price
$2,790,000
Price Per SF
$135.78
Cap Rate
10.77%
NOI
$300,483
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,849 SF
Slab To Slab
11’
Building FAR
1.05
Lot Size
0.45 AC
Zoning
CB - Commercial Business
Parking
64 Spaces (3.11 Spaces per 1,000 SF Leased)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Transportation and Warehousing
  • -
  • $9.99
  • -

DelEx Air Cargo LLC is a global freight forwarding company, and a single source of all logistics and supply chain solutions for your business. DelEx Air Cargo is a family owned company established in 2000. We are a licensed Indirect Air Carrier and IATA member with office in JFK Int’l Airport (New York), in the heart of the air cargo industry, and SEA Int’l Airport (Seattle). We have a large network of reliable partners throughout the world who deliver an outstanding service. DelEx employes ambitious, multicultural professionals who focus on fast, responsive and reliable customer service with the right attitude to a cost effective, dependable and competitive logistics solution. We are Committed. Professional and ambitious team of dedicated people who care about your money and time. We are Global. DelEx has a large network of reliable partners throughout the world. We are Here. Every day DelEx moves tons of cargo around the globe. We are always here for you

Tenant Industry SF Occupied Rent/SF Lease End
Transportation and Warehousing - $9.99 -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 1st Fl
  • 7,016 SF
  • Office
  • Partial Build-Out
  • Jul 2026

Suite: 1st Floor Office Size: 7,016 SF Lease Rate: $24.00/SF/YR Lease Type: Modified Gross Available Date: 7/1/2026

  • 2nd Fl-Ste 201
  • 1,843 SF
  • Office
  • Full Build-Out
  • Now

Suite 201: 1,843 SF

  • 2nd Fl-Ste 203
  • 1,031 SF
  • Office
  • Full Build-Out
  • Now

Suite 203: 1,031 SF

  • 2nd Fl-Ste 204
  • 1,358 SF
  • Office
  • Full Build-Out
  • Now

Newly renovated 1,358 SF office space.

  • 2nd Fl-Ste 205
  • 599 SF
  • Office
  • Full Build-Out
  • Now

Suite 205: 599SF

  • 3rd Fl-Ste 3rd Fl
  • 6,952 SF
  • Office
  • Partial Build-Out
  • Jul 2026

Suite: 3rd Floor Office Size: 6,952 SF Lease Rate: $24.00/SF/YR Lease Type: Modified Gross Available Date: 7/1/2026

Space Size Space Use Condition Available
1st Fl-Ste 1st Fl 7,016 SF Office Partial Build-Out Jul 2026
2nd Fl-Ste 201 1,843 SF Office Full Build-Out Now
2nd Fl-Ste 203 1,031 SF Office Full Build-Out Now
2nd Fl-Ste 204 1,358 SF Office Full Build-Out Now
2nd Fl-Ste 205 599 SF Office Full Build-Out Now
3rd Fl-Ste 3rd Fl 6,952 SF Office Partial Build-Out Jul 2026

1st Fl-Ste 1st Fl

Size
7,016 SF
Space Use
Office
Condition
Partial Build-Out
Available
Jul 2026

2nd Fl-Ste 201

Size
1,843 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 203

Size
1,031 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 204

Size
1,358 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 205

Size
599 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 3rd Fl

Size
6,952 SF
Space Use
Office
Condition
Partial Build-Out
Available
Jul 2026

1st Fl-Ste 1st Fl

Size 7,016 SF
Space Use Office
Condition Partial Build-Out
Available Jul 2026

Suite: 1st Floor Office Size: 7,016 SF Lease Rate: $24.00/SF/YR Lease Type: Modified Gross Available Date: 7/1/2026

2nd Fl-Ste 201

Size 1,843 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 201: 1,843 SF

2nd Fl-Ste 203

Size 1,031 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 203: 1,031 SF

2nd Fl-Ste 204

Size 1,358 SF
Space Use Office
Condition Full Build-Out
Available Now

Newly renovated 1,358 SF office space.

2nd Fl-Ste 205

Size 599 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite 205: 599SF

3rd Fl-Ste 3rd Fl

Size 6,952 SF
Space Use Office
Condition Partial Build-Out
Available Jul 2026

Suite: 3rd Floor Office Size: 6,952 SF Lease Rate: $24.00/SF/YR Lease Type: Modified Gross Available Date: 7/1/2026

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 322304-9218
  • 322304-9041
Land Assessment
$402,300
Improvements Assessment
$3,209,000
Total Assessment
$3,611,300
  • Listing ID: 39712016

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 1200 S 192nd St, Seatac, WA 98148

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