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Class A Office Building

33405 8th Ave S, Federal Way, WA 98003

For Sale
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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 Market97

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%
Lease Type NNN
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: Nov 4 Last Checked: Nov 8 at 9:33AM

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

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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

Who owns this building? See the owner, sales and loan history
Open 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office buildings in King County, WA

$479 Jul
$365 Aug
$399 Sep
$395 Oct

Properties on Market for Office buildings in King County

Jul
Aug
Sep
Oct

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 - 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
(253) 722-1433 Call to check price and availability
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