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Class-A Six-Story Office Building
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2505 S 320th St, Federal Way, WA 98003

Six-story Class-A office building with a grand lobby and modern finishes, improved in 2018.

Space Size13,497 SF
Days on Market236

Property Features for 2505 S 320th St

General Information

Standard status Active
Size 13,497 SF
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 2505 S 320th St
The Centre at Federal Way $21/SF/Yr
Size 13,497 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
Extensive capital improvement project completed in 2018 Excellent location, with unmatched accessibility from I-5 Prominent, 6-story, Class-A mid-rise with grand lobby and spectacular Mt. Rainier views Countless retail amenities within walking distance Modern, high-quality building standard finishes Asking Rate: $21.00/sf, NNN
Contact us
Listing Agency: NAI Puget Sound Properties
Listed By: Mike George · License #42383
Source: Moodyscre
Added: Mar 5 Changed: Oct 26 Last Checked: Oct 26 at 1:00PM

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 NAI Puget Sound Properties

Rey
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Investment Insights

Based on property information with market context.

This Class-A, six-story mid-rise office building features a grand lobby and modern, high-quality building standard finishes. An extensive capital improvement project was completed in 2018.

The property is described as having excellent accessibility from I-5. It also highlights prominent Mt. Rainier views and convenient nearby retail amenities within walking distance.

Available for rent at an asking rate of $21.00/sf on a NNN basis.

Key Highlights

  • Extensive capital improvement project completed in 2018
  • Prominent 6‑story Class‑A office building with a grand lobby
  • Asking rate: $21.00/sf, NNN

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Garden Center Storage Facility Electrical Service Carpet & Flooring Store Butcher

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,203
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - Six-story Class-A office building with a grand lobby and modern finishes, improved in 2018.
Where is this office building located?
The property is located at 2505 S 320th St Federal Way, WA.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Extensive capital improvement project completed in 2018; Prominent 6‑story Class‑A office building with a grand lobby; Asking rate: $21.00/sf, NNN
(425) 586-5618 Call to check price and availability
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