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Evergreen Corporate Plaza 33405 8th Ave S 114,707 SF 100% Leased Office Building Federal Way, WA 98003 $9,350,000 ($81.51/SF)
Executive Summary
Kidder Mathews is proud to present Evergreen Corporate Plaza, an 114,408-square-foot Class A office building situated on three parcels totaling 10.41 acres in the west campus of Federal Way.
Evergreen Corporate Plaza is a 114,408 square foot office building sitting on three parcels totaling 10.41 AC. The asset is currently 81% occupied and would be an excellent value-add investment or owner/user opportunity. Value add investors have the opportunity to acquire one of the largest buildings in Federal Way at a low basis, and capture upside through leasing out the vacant suites.
The project also appeals to owner/users given the flexibility to occupy up to 61,904 SF, offsetting cash flow with long-term Leases to credit Tenants on the two occupied suites. Evergreen Corporate Plaza is located off of 336th & 8th in the West Campus office hub of Federal Way. With easy access to Hwy 99, I-5, and Hwy 18, the location is ideal from a transportation/commuting perspective.
Evergreen Corporate Plaza is a 114,408 square foot office building sitting on three parcels totaling 10.41 AC. The asset is currently 81% occupied and would be an excellent value-add investment or owner/user opportunity. Value add investors have the opportunity to acquire one of the largest buildings in Federal Way at a low basis, and capture upside through leasing out the vacant suites.
The project also appeals to owner/users given the flexibility to occupy up to 61,904 SF, offsetting cash flow with long-term Leases to credit Tenants on the two occupied suites. Evergreen Corporate Plaza is located off of 336th & 8th in the West Campus office hub of Federal Way. With easy access to Hwy 99, I-5, and Hwy 18, the location is ideal from a transportation/commuting perspective.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
114,707 SF
Building Class
B
Year Built
1979
Price
$9,350,000
Price Per SF
$81.51
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
57,354 SF
Slab To Slab
12’
Building FAR
0.25
Lot Size
10.41 AC
Zoning
OP, Federal Way - Office professional
Parking
371 Spaces (3.5 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
-
Lorem Ipsum
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Jan 0000
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 926500-0060 | Improvements Assessment | $3,364,800 |
| Land Assessment | $4,984,200 | Total Assessment | $8,349,000 |
Property Taxes
Parcel Number
926500-0060
Land Assessment
$4,984,200
Improvements Assessment
$3,364,800
Total Assessment
$8,349,000
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Evergreen Corporate Plaza | 33405 8th Ave S
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