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I-5 Technology Center 32125 32nd Ave S 100,601 SF 74% Leased Office Building Federal Way, WA 98001 $19,459,860 CAD ($193.44 CAD/SF)

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EXECUTIVE SUMMARY

The building was constructed in 2000 to the highest standards, exceeding most conventional Class A office buildings in the Seattle area. The building has been extensively renovated and features a grand lobby with a free-floating steel staircase beneath a large multi-paneled skylight. The building has upgraded electrical and data capabilities and an above-market parking ratio. Totaling 100,295 square feet, the I-5 Technology Center is located directly adjacent to a major intersection off of Interstate 5 and within one mile of The Federal Way Commons, one of the largest lifestyle centers in the greater Puget Sound region.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
100,601 SF
Building Class
A
Year Built/Renovated
2001/2012
Price
$19,459,860 CAD
Price Per SF
$193.44 CAD
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
50,301 SF
Slab To Slab
11’
Building FAR
0.34
Lot Size
6.74 AC
Zoning
OP1, Federal Way - OP-1 (Office Park)
Parking
462 Spaces (4.59 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Conferencing Facility
  • Food Service
  • Security System

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • -
  • -

By focusing intently on broad economic, secular and market trends, we strive to position clients for the highest probability outcomes, while seeking value and seizing opportunities as they present themselves in our ever-changing world. By understanding money and markets, and the human emotional responses to them, we also seek to capitalize on market and asset dislocations caused by reflexive, emotional investor behavior, "herd mentality", and false conventional wisdom. All of which are ramped into today's markets.

  • Manufacturing
  • -
  • -
  • -
  • -

At Collins Aerospace, they’re working side-by-side with their customers and partners to dream, design and deliver solutions that redefine the future of their industry. They’re reaching across markets, disciplines and boundaries to develop new and more advanced technologies. And, together, they’re making the most powerful concepts in aerospace a reality. They’re enabling hybrid-electric propulsion for more fuel-efficient flights. They’re creating lighter-weight, higher-performing structures to decrease maintenance. They’re reducing pilot workload with more autonomous operations. They’re combining modern design with innovative technology for a best-in-class cabin experience. They're transforming the use of data into powerful insights that improve airline and airport operations as well as passenger experiences. They’re delivering more digital systems for the connected airspace and battlespace to support faster decision-making and improved mission effectiveness.

  • Finance and Insurance
  • -
  • -
  • -
  • -

Farmers Insurance is a reciprocally structured insurance group co-founded in 1928 and headquartered in Woodland Hills, California. It delivers a diverse range of personal and commercial insurance solutions, including auto, homeowners, life, business, and specialty coverages. Farmers operates through the Farmers Insurance Exchange and associated reciprocal exchanges, with management services provided by Farmers Group, Inc., a subsidiary of Zurich Insurance Group. As a privately held reciprocal group, it serves millions of policyholders via a network of exclusive and independent agents. The company has evolved through strategic acquisitions, including Bristol West and 21st Century, and has been publicly recognized in industry rankings for agency distribution growth.

  • Finance and Insurance
  • -
  • -
  • Triple Net
  • -

Humana is a healthcare leader dedicated to improving lives through personalized, compassionate care. Since 1961, the company has focused on helping people achieve their best health by listening closely and delivering tailored solutions. Humana integrates clinical expertise, innovation, and community engagement to support whole-person health. Its values—caring, curiosity, and commitment—drive a culture of inclusion and impact. Through strategic partnerships and the Humana Foundation, it works to eliminate barriers to health and promote equity, always putting health first in everything it does.

  • Public Administration
  • -
  • $19.30 CAD
  • Full Service
  • Aug 2035

The National Transportation Safety Board is an independent Federal agency charged by Congress with investigating every civil aviation accident in the United States and significant accidents in the other modes of transportation -- railroad, highway, marine and pipeline -- and issuing safety recommendations aimed at preventing future accidents. The Safety Board determines the probable cause of: all U.S. civil aviation accidents and certain public-use aircraft accidents; selected highway accidents; railroad accidents involving passenger trains or any train accident that results in at least one fatality or major property damage; major marine accidents and any marine accident involving a public and a nonpublic vessel; pipeline accidents involving a fatality or substantial property damage; releases of hazardous materials in all forms of transportation; and selected transportation accidents that involve problems of a recurring nature.

  • Retailer
  • -
  • -
  • -
  • -

Tommy Bahama is a lifestyle brand spanning apparel, accessories, home goods, and hospitality concepts such as restaurants and Marlin Bars. Founded in 1992, the company developed an “island” aesthetic across men’s and women’s collections and expanded into dining with its first restaurant opening in 1996. In 2003, Tommy Bahama became a wholly owned operating group of Oxford Industries, whose shares trade on the New York Stock Exchange under the ticker OXM.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance - - - -
Manufacturing - - - -
Finance and Insurance - - - -
Finance and Insurance - - Triple Net -
Public Administration - $19.30 CAD Full Service Aug 2035
Retailer - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 160
  • 7,660 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 200
  • 5,000-15,935 SF
  • Office
  • Full Build-Out
  • 30 Days
  • 2nd Fl-Ste 288
  • 18,435 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 160 7,660 SF Office Full Build-Out Now
2nd Fl-Ste 200 5,000-15,935 SF Office Full Build-Out 30 Days
2nd Fl-Ste 288 18,435 SF Office Full Build-Out Now

1st Fl-Ste 160

Size
7,660 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 200

Size
5,000-15,935 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Fl-Ste 288

Size
18,435 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 160

Size 7,660 SF
Space Use Office
Condition Full Build-Out
Available Now

2nd Fl-Ste 200

Size 5,000-15,935 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

2nd Fl-Ste 288

Size 18,435 SF
Space Use Office
Condition Full Build-Out
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
215465-0050
Land Assessment
$5,250,659 CAD
Improvements Assessment
$9,781,076 CAD
Total Assessment
$15,031,736 CAD
  • Listing ID: 34791193

  • Date on Market: 2025-02-11

  • Last Updated:

  • Address: 32125 32nd Ave S, Federal Way, WA 98001

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