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Class A Office Building
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33405 8th Ave S, Federal Way, WA 98003

Office Park-zoned asset with multiple suites and substantial owner-user capacity.

Property Size114,408 SF
Lot Size10.41 Acres
Price / SF$81.73
Days on Market5

Property Features for 33405 8th Ave S

General Information

Standard status Active
Size 114,408 SF
Class A
Lot size 10.41 Acres
Property subtype Office
Zoning Office Park
Occupancy 81%
Investment Type Value Add

Additional Details

Highway Access Yes

Building Details

Year Built 1979
Year Renovated 2000
Buildings 1
Stories 2
Tenancy Multi
Building Size 114,408 SF
Listing Agency: Kidder Mathews Tacoma
Listed By: Drew Frame · License #WA
Source: Crexi
Added: Aug 5 Changed: Aug 9 Last Checked: Aug 9 at 10:02AM

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 Kidder Mathews Tacoma

Investment Insights

Based on property information with market context.

Evergreen Corporate Plaza is a 114,408-square-foot Class A office building positioned on three parcels totaling 10.41 acres. Constructed in 1979, the property is currently 81% occupied and includes two occupied suites supported by long-term leases. Up to 61,904 square feet may be available for an owner-user configuration, subject to the existing occupancy and lease structure.

The building is located at 33405 8th Ave S in Federal Way’s west campus office hub, near 336th and 8th. Access to Hwy 99, I-5, and Hwy 18 provides connections for regional commuting and transportation. The property carries Office Park zoning and combines a large office footprint with a multi-parcel setting.

Key Highlights

  • 114,408‑square‑foot Class A office building
  • Three parcels totaling 10.41 acres
  • 81% current occupancy

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Garden Center Hotel & Motel Parking Lot & Garage Grocery & Convenience Store Storage Facility Furniture & Home Goods

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,182
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 - Office Park-zoned asset with multiple suites and substantial owner-user capacity.
Where is this office building located?
The property is located at 33405 8th Ave S Federal Way, WA.
What is the asking price?
The asking price for this property is $9,350,000.
What are key features of this property?
This property features: 114,408‑square‑foot Class A office building; Three parcels totaling 10.41 acres; 81% current occupancy
(206) 248-7316 Call to check price and availability
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