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    32125 32Nd Ave Federal Way, WA 98001

    Sponsored
    For Lease
    $18 SF/Yr

    Class A Office, Federal Way, WA

    Lot size:
    100,601 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, the I-5 Technology Center, offers 100,601 square feet of prime space in Federal Way, Washington. Built in 2000 and extensively renovated, this single, two-story building boasts a striking grand lobby featuring a free-floating steel staircase and a large skylight. Located directly off Interstate 5 in the East Campus submarket, it provides convenient access to major transportation routes and is within one mile of The Federal Way Commons, a significant lifestyle center. The property features upgraded electrical and data capabilities, exceeding typical Class A standards in the Seattle area. An above-market parking ratio is also a key benefit. Currently, three spaces are available, ranging from 7,660 to 18,435 square feet, making it ideal for a variety of business needs. Situated in King County, at 32125 32nd Ave S, Federal Way, WA 98001, this property presents a unique opportunity for businesses seeking a modern, well-located office space. The building's superior construction and amenities make it a highly desirable location.

    Property Features for 32125 32Nd Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,601 SF
    Class
    A
    Total Rate
    150901.5

    Building Details

    Year Built
    2000
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 160
    Size
    7,660 SF
    Rate per SF
    $18
    Space
    Suite 288
    Size
    18,435 SF
    Rate per SF
    $18
    Space
    Suite 200
    Size
    15,935 SF
    Rate per SF
    $18

    HighLights

    • I‑5 Technology Center, a Class A, 100,601 SF office building in Federal Way, WA, offers convenient I‑5 & SR 18 freeway access.
    • Abundant free parking (5 spaces per 1,000 SF) is available, including high‑bay garage/storage space.
    • NNN lease rate: $18.00 PSF.
    • Building features an on‑site Avanti market and a 24/7 fitness center with lockers and showers.
    • Located near The Federal Way Commons lifestyle center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.29249721251
    Latitude
    47.313078520768

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Federal Way, WA
    Where is this office property / space located?
    The property is located at 32125 32Nd Ave Federal Way, WA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: I-5 Technology Center, a Class A, 100,601 SF office building in Federal Way, WA, offers convenient I-5 & SR 18 freeway access.; Abundant free parking (5 spaces per 1,000 SF) is available, including high-bay garage/storage space.; NNN lease rate: $18.00 PSF.
    Request Owner's contact information
    32125 32Nd Ave Federal Way, WA 98001
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    Federal Way, WA 98001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32125 32Nd Ave Federal Way, WA 98001
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