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    3450 344th Way Federal Way, WA 98001-9540
    Property profile & analytics

    3450 344th Way, Federal Way, WA 98001-9540

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    • Parking lots & garages
    • 2.47 lot acres
    Off-Market
    Property ID
    US90-2000021
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Parking lots & garages

    Property Details for 3450 344th Way

    Lot size
    2.47 lot acres
    Zone code
    OP-1
    Property type
    Parking lots & garages
    APN
    726120-0195
    APU
    7261200195

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2021 — Rh Eccp IV Associates LLC — Deed · related $7.1M · East West Bank
    Jun 7, 2019 $5,600,000 Rh Eccp IV Associates LLC Lba Realty Fund II Wbp Xv LLC Warranty Deed —
    May 24, 2018 — Lba Realty Fund II-wbp Xv LLC Lba Realty Fund II-wbp IV LLC Quit Claim Deed · related —
    Feb 1, 2016 — Lba Realty Fund II-wbp IV LLC Lba Realty Fund II-wbp II LLC Quit Claim Deed $171M · Bank Of America
    Mar 5, 2014 — Lba Realty Fund II-wbp II LLC Lba Realty Fund II-wbp III LLC Quit Claim Deed $169M · Variable Annuity Life Ins Co
    May 5, 2006 — Lba Realty Fund II-wbp III LLC Bedford Property Investors INC Grant Deed · related $263.7M · Sunamerica Life Insurance Co
    Jun 22, 1999 $9,075,000 Bedford Property Investors Quadrant Corp Grant Deed —
    Jun 3, 1999 — Quadrant Corp Weyerhaeuser Real Estate Co Grant Deed · related —
    — — Bedford Propert Investors INC — Deed Of Trust · related $22k · Teachers Insurance & Annuity

    Description

    This exceptional two-story Class B office building, totaling 65,462 square feet, is situated in King County's CBA Auburn submarket. Built in 1999 and renovated in 2005, the property offers flexible coworking space options within a single building on a 3.5-acre lot. The zoning is OP-1. Currently, there are 6,986 square feet of vacant space available, divisible into units as small as 1,953 square feet, with a maximum contiguous space of 2,808 square feet. Four spaces are currently available, ranging in size from 374 to 3,666 square feet. The building enjoys a prime location adjacent to the Weyerhaeuser World Headquarters, providing convenient access to major transportation arteries including I-5, SR-18, and SR-167. Net Net Net (NNN) lease terms include all utilities and suite janitorial services. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving submarket. The property offers a blend of modern amenities and convenient access, making it an ideal choice for a variety of businesses.


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    Location Insight

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    • Local Demand
    City
    Federal Way
    County
    King
    State
    Washington
    Longitude
    -122.29
    Latitude
    47.294
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $14,867
    $1,289,600
    $0.00
    $1,289,600
    -
    $1,289,600
    $0.00
    $1,289,600
    More about this property
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