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Multi-Tenant Office Building
For Sale
Contact for pricing
Pending

28815 Pacific Hwy S, Federal Way, WA 98003

Corner-lot office property with Puget Sound views, updated HVAC, and refreshed common-area paint.

Property SizeContact for details
Days on Market146

Property Features for 28815 Pacific Hwy S

General Information

Standard status Pending
Property subtype Retail, Office
Occupancy 100%

Building Details

Buildings 1
Tenancy Multi
Listing Agency: John L. Scott Real Estate Bellingham
Listed By: Janie Lee · License #WA
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 12:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L. Scott Real Estate Bellingham

Investment Insights

Based on property information with market context.

This multi-tenant office building is positioned on a corner lot with views of Puget Sound. The property is fully leased and records 100% occupancy across its tenant spaces.

Building updates include a new HVAC system with heat pump and AC. Common areas have received fresh interior and exterior paint, providing updated shared spaces for occupants. The property is located at 28815 Pacific Hwy S in Federal Way, Washington.

Key Highlights

  • Multi‑tenant office building with 100% occupancy
  • Corner‑lot configuration with Puget Sound views
  • New HVAC system with heat pump and AC

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

298
Businesses Nearby

Demographics for 98003, WA

51,751
Population
20,380
Households
2.5
Avg Household Size
37
Median Age
28%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
4,500
Density / Sq Mi
$70,800
Median Household Income
$39,497
Median Earnings
$1,650
Median Rent
$428,500
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Corner-lot office property with Puget Sound views, updated HVAC, and refreshed common-area paint.
Where is this office building located?
The property is located at 28815 Pacific Hwy S Federal Way, WA.
What are key features of this property?
This property features: Multi‑tenant office building with 100% occupancy; Corner‑lot configuration with Puget Sound views; New HVAC system with heat pump and AC
More about this property
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