33525 Pacific Hwy S | Federal Way, WA 98003
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- LoopNet Team
33525 Pacific Hwy S
Federal Way, WA 98003
HomeStreet Bank + Buds & Blooms; 10-Yr Leases · Retail Property For Sale
Investment Highlights
- Strong Historical Occupancy and Recently Extended 10-Year Leases
- 2% Annual Rent Increases for Both Tenants
- New 395 Unit Mixed-Use Development Currently in Permitting Located Across the Street
- Signalized, Hard-Corner Location with Exposure to Nearly 50,000 VPD / Rapidly Growing Submarket with 18.61% Population Growth Over the Past Decade
- True NNN Leases Allow for 100%+ Expense Recapture / Meticulously Maintained Property with Zero Deferred Maintenance
- Located Adjacent to Planned $1.4 Billion Light Rail operations and Maintenance Facility
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,872 SF
Building Class
C
Year Built/Renovated
1978/2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.63 AC
Zoning
BC, Federal Way
Parking
25 Spaces (8.78 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 926503-0020 | Improvements Assessment | $1,142,278 |
| Land Assessment | $934,147 | Total Assessment | $2,076,425 |
PROPERTY TAXES
Parcel Number
926503-0020
Land Assessment
$934,147
Improvements Assessment
$1,142,278
Total Assessment
$2,076,425
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