32001 32Nd AveFederal Way, WA 98001

Property Details for 32001 32Nd Ave

Year built

2001

Construction

CONCRETE

Lot size

5.45 AC

Property size (Sq ft)

110,511 SF

Zone code

OP-1

Property type

Office properties

Property subtype

Office buildings

APN

215465-0010

APU

2154650010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $29,904,548

  6.5%

  $27,604,198

  7%

  $25,632,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,635,068

  Geo Method

  $21,282,208

• Alternative Use

  Use

  Valuation

  Residential

  $34,229,208

  Hospitality

  $31,353,768

  Educational

  $26,085,968

  Medical

  $26,983,104

  Retail

  $40,578,172

Location Insight

City

Federal Way

County

King

State

Washington

Latitude

47.3143

Longitude

-122.294

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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