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Property profile

32001 32Nd Ave S Federal Way, WA 98001

FOR LEASE
Office buildings
Property ID
US90-1385692
110,511 SF 5.45 ac lot Built 2001
Entity Owned 11-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Class B office building, East Campus Corporate Park I, offers a variety of flexible spaces ideal for businesses of all sizes. Located at 32001 32nd Ave S in Federal Way, WA 98001, this four-story building boasts a total of 105,807 square feet, situated on a generous 5.5 acres of land. The property, built in 2001, features a 12-foot ceiling height and is zoned OP1 (check local zoning regulations for permitted uses). Multiple tenancy options are available, with spaces ranging from a minimum of 5,951 square feet to a maximum contiguous space of 27,547 square feet. Currently, three spaces are available. The building's amenities include a large conference room, a spacious open work area, a reception area, a lunch/breakroom, and a copy room. Individual suites may also feature 15 private offices. The property's APN is 215465-0010. This location provides excellent access to major transportation routes and amenities. This is a fantastic opportunity to secure high-quality office space in a desirable Federal Way location. Contact us today to learn more about available spaces and lease terms.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Construction CONCRETE
Total area 110,511 SF
Lot 5.45 ac (237,402 SF)
Zoning code OP-1
APN 215465-0010
UPID US90-1385692

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$16.93M

Owner & transaction history

since 2015
4 recorded transactions
2015
$17.9M
2005
Price N/A
2004
$693,801
1969
Price N/A

Zoning & alternative use

OP-1 · Federal Way, WA
Zoning description

The Purpose of this district is to promote Office Park 1

General category OPEN_SPACE

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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