37405 Pacific Hwy S Federal Way, WA 98023

Listing agency City Closers Commercial Real Estate k***@cityclosers.com Show Phone

Listed by Kelsey Diller · License #24667 Show Phone

Source Moodyscre

Added: Apr 23 Updated: Jul 22 at 12:42AM Checked: Jul 22 at 3:32AM

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Investment Insights

Based on property information with market context.

Offered for sale is a rare approximately 8-acre land parcel in Federal Way, Washington at 37405 Pacific Hwy S. The property is described as being under a single-tenant, five-year triple net lease in place, with a stated 6% cap rate in the provided remarks.

The public remarks highlight strong visibility and regional access associated with the site along Pacific Hwy S, along with a sizable site footprint. Large sites in this corridor are described as increasingly difficult to find.

For additional details on the lease and the property’s specific configuration, please reach out for the information available for this listing.

Key Highlights

• ±8‑acre land parcel for sale on Pacific Hwy S in Federal Way
• Single tenant property with a 5‑year triple net (NNN) lease in place
• Reported 6% cap rate

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FAQs

What type of property is this?

Commercial land - For-sale NNN land parcel with a single tenant under a five-year triple net lease.

Where is this commercial land located?

The property is located at 37405 Pacific Hwy S Federal Way, WA.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: ±8‑acre land parcel for sale on Pacific Hwy S in Federal Way; Single tenant property with a 5‑year triple net (NNN) lease in place; Reported 6% cap rate