For Sale
$3,500,000

27500 16Th AveFederal Way, WA 98003

12,200 SF Warehouse, 6.86% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Sale-leaseback opportunity with up to a three-year leaseback.
  • 12,200 SF warehouse on a 1.19-acre lot (APN: 3322049170, 3322049217), zoned CB.
  • Features a wash bay and oil-water separator.

Property Details for 27500 16Th Ave

Property type
Warehouses, Industrial properties
Square Feet
12,200 SF
Year Built
1968
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Federal Way
County
King
State
Washington
Latitude
47.354862455339
Longitude
-122.31328382243
27500 16Th Ave, Federal Way, Washington

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27500 16Th Ave
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