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I-5 Technology Center 32125 32nd Ave S 100,601 SF 74% Leased Office Building Federal Way, WA 98001 $14,000,000 ($139.16/SF)



Executive Summary
Property Facts
Amenities
- Atrium
- Conferencing Facility
- Food Service
- Security System
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
By focusing intently on broad economic, secular and market trends, we strive to position clients for the highest probability outcomes, while seeking value and seizing opportunities as they present themselves in our ever-changing world. By understanding money and markets, and the human emotional responses to them, we also seek to capitalize on market and asset dislocations caused by reflexive, emotional investor behavior, "herd mentality", and false conventional wisdom. All of which are ramped into today's markets.
Collins Aerospace was formed in 2018 through the combination of Rockwell Collins and UTC Aerospace Systems, creating a business focused on aerospace and defense technologies. Collins Aerospace designs, manufactures, and services systems and components used across commercial aviation, business aviation, military and defense, helicopters, space, and airport operations. Collins Aerospace also organizes work across business areas such as aerostructures, avionics, interiors, mission systems, and power and controls, reflecting a broad portfolio that supports aircraft and mission platforms. Current company materials describe a global operating footprint and continued work on connected, autonomous, electric, and sustainable aerospace solutions.
Farmers Insurance began in 1928, when its founders set out to provide quality insurance at a reasonable price. The company offers coverage for home, auto, life, business, recreational vehicles, and other financial products through multiple brands and distribution channels, including exclusive agencies, independent agents, online sales, and company call centers. Farmers has grown into a U.S. insurance group with a broad market presence and a national claims service network. The business continues to serve households and businesses across the country while maintaining its focus on insurance and related financial services.
Humana began in 1961 in Louisville as a nursing home business founded by David A. Jones Sr. and Wendell Cherry, and later moved from long-term care into hospitals and health insurance. Today, Humana serves members through Medicare, Medicaid, TRICARE, dental, vision, pharmacy, and home-care offerings, while CenterWell supports senior primary care, home health, and pharmacy services. Humana’s recent materials describe a focus on simplifying healthcare, improving outcomes, and helping people access care through digital tools, provider networks, and member support resources. The company also continues to present itself as a healthcare services business built around helping people achieve their best health, with member-facing services that include plan management, care-finder tools, and prescription support.
The National Transportation Safety Board is an independent Federal agency charged by Congress with investigating every civil aviation accident in the United States and significant accidents in the other modes of transportation -- railroad, highway, marine and pipeline -- and issuing safety recommendations aimed at preventing future accidents. The Safety Board determines the probable cause of: all U.S. civil aviation accidents and certain public-use aircraft accidents; selected highway accidents; railroad accidents involving passenger trains or any train accident that results in at least one fatality or major property damage; major marine accidents and any marine accident involving a public and a nonpublic vessel; pipeline accidents involving a fatality or substantial property damage; releases of hazardous materials in all forms of transportation; and selected transportation accidents that involve problems of a recurring nature.
Tommy Bahama is a lifestyle brand spanning apparel, accessories, home goods, and hospitality concepts such as restaurants and Marlin Bars. Founded in 1992, the company developed an “island” aesthetic across men’s and women’s collections and expanded into dining with its first restaurant opening in 1996. In 2003, Tommy Bahama became a wholly owned operating group of Oxford Industries, whose shares trade on the New York Stock Exchange under the ticker OXM.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Finance and Insurance | - | - | - | - | |
|
Manufacturing | - | - | - | - | |
|
Finance and Insurance | - | - | - | - | |
|
Finance and Insurance | - | - | Triple Net | - | |
|
Public Administration | - | $13.87 | Full Service | Aug 2035 | |
|
Retailer | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 160 | 7,660 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 5,000-15,935 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 288 | 18,435 SF | Office | Full Build-Out | Now |
1st Fl-Ste 160
| Size |
| 7,660 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 5,000-15,935 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 288
| Size |
| 18,435 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 160
| Size | 7,660 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
2nd Fl-Ste 200
| Size | 5,000-15,935 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
2nd Fl-Ste 288
| Size | 18,435 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Property Taxes
| Parcel Number | 215465-0050 | Improvements Assessment | $7,114,700 |
| Land Assessment | $3,819,300 | Total Assessment | $10,934,000 |
Property Taxes
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I-5 Technology Center | 32125 32nd Ave S
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