Property profile

1112 344Th St Federal Way, WA 98003

OFF-MARKET
Warehouses
21,676 SF 1.94 ac lot Built 1979
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Property summary

AI-generated overview

This exceptional 2,062 square foot industrial warehouse space is located within Campus Park - Building 3 in Federal Way, WA. The property boasts a prime location, offering excellent access to major transportation arteries including I-5, SR-18, and SR-99, ensuring efficient logistics. This Class B building, constructed in 1979 and renovated in 1994, features a single story with an 18-foot ceiling height. The unit includes convenient amenities such as restrooms, a small office, and a reception area, ideal for light manufacturing or distribution businesses. The space is finished with new carpet and paint, showcasing high-quality construction. Tenants benefit from 3-phase power, ten 10' x 10' grade-level loading doors, and ample parking with 32 total spaces available across the building. The 1.94-acre lot (84,506 square feet) is zoned BP. The building's total square footage is 21,676, with 1,374 square feet currently vacant. The property's proximity to various businesses, banking institutions, restaurants, and retail services provides added convenience. This is a rare opportunity to secure a well-maintained and strategically located industrial space in the thriving Federal Way submarket (Southend cluster). APN: 202104-9099, 926480-0080.

Property profile

Verified
Property type Warehouses
Year built 1979
Total area 21,676 SF
Lot 1.94 ac (84,506 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Catering Service Take-out & Catering
  • Dental Office
  • Factory Production Facility
  • HVAC Service General Contractor
  • Warehouse & Storage

Location

1112 344Th St Federal Way, WA 98003
Federal Way metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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