27500 16th S Ave Federal Way, WA 98003

This Federal Way industrial property presents a compelling sale-leaseback opportunity, offering up to a three-year leaseback arrangement. The 12,200 square foot warehouse, built in 1968, sits on a 1.19-acre lot (APN: 3322049170, 3322049217) zoned CB. The building boasts a 16-foot ceiling height and includes valuable features such as a wash bay and an oil-water separator. Strategically located at 27500 16th Ave S, Federal Way, WA 98003, this property enjoys convenient access to Pacific Highway South and I-5, placing it within easy reach of retail and service amenities. The asking price is $3,500,000, representing a 6.86% cap rate. This property is ideal for investors seeking a strong return and a potentially lucrative leaseback arrangement. The property consists of approximately 12,200 square feet situated on two parcels totaling 51,680 square feet. Further details regarding the leaseback terms are available upon request.