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Class-A Self Storage Portfolio
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35200 Pacific Highway South, Federal Way, WA 98003

Two facilities combine storage units with uncovered parking areas across the Puget Sound market.

Property Size125,750 SF
Days on Market60

Property Features for 35200 Pacific Highway South

General Information

Standard status Active
Size 125,750 SF
Class Class A
Property subtype Self Storage
Occupancy 89%
Investment Type Stabilized

Additional Details

Highway Access Yes
Self-Storage Units 1,371

Building Details

Units 1371
Listing Agency: CBRE - Downtown Los Angeles
Listed By: Trevor Roberts · License #01801520
Source: Crexi
Added: Aug 18 Changed: Oct 7 Last Checked: Oct 14 at 11:06PM

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 CBRE - Downtown Los Angeles

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Investment Insights

Based on property information with market context.

This self storage portfolio includes two class-A facilities with 1,371 total units and 125,750 net rentable square feet of storage space. The properties also provide 57,840 net rentable square feet of uncovered parking spaces, adding a separate storage component to the offering.

The facilities are positioned in Federal Way and Kent within the Seattle-Tacoma-Bellevue, Washington MSA. Federal Way sits between Seattle and Tacoma along Interstate 5, while Kent connects with Interstate 5, State Route 167, and Interstate 405. The surrounding market includes major transportation infrastructure, Sea-Tac Airport, and the Ports of Seattle and Tacoma. Area employment and economic activity span healthcare, education, retail, aerospace, manufacturing, warehousing, transportation, food production, and distribution.

Key Highlights

  • Two class‑A self storage facilities in the Seattle‑Tacoma‑Bellevue, Washington MSA
  • 1,371 total storage units
  • 125,750 net rentable square feet of storage space

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Bakery Pet Grooming Service Butcher Hotel & Motel Kitchen & Bath Showroom

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

1,192
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 Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Self storage facility - Two facilities combine storage units with uncovered parking areas across the Puget Sound market.
Where is this self storage facility located?
The property is located at 35200 Pacific Highway South Federal Way, WA.
What are key features of this property?
This property features: Two class‑A self storage facilities in the Seattle‑Tacoma‑Bellevue, Washington MSA; 1,371 total storage units; 125,750 net rentable square feet of storage space
(909) 638-9648 Call to check price and availability
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