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Executive Summary

This fully stabilized office building offers investors a reliable income stream supported by a diverse mix of eight tenants representing a range of industries, including both professional office users and medical service providers. This tenant diversity reduces exposure to any single sector and enhances overall asset resilience. With a Weighted Average Lease Term (WALT) of approximately 3.85 years, the property offers durable cash flow supported by staggered lease maturities. The staggered lease maturities further contribute to long-term cash flow stability, positioning the asset as a low-risk, income-generating investment opportunity.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
32,334 SF
Building Class
B
Year Built
1989
Price
$9,563,756 CAD
Price Per SF
$295.78 CAD
Cap Rate
8.71%
NOI
$833,284 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,778 SF
Slab To Slab
11’
Building FAR
0.37
Lot Size
2.00 AC
Zoning
OP - OP (Office Park)
Parking
135 Spaces (4.18 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Storage Space
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Fl-Ste 210
  • 3,590 SF
  • Office
  • Partial Build-Out
  • Now

Project amenities include conference room and fitness center, storage available, incoming renovations to lobby and common areas, located on main arterial; I-5 and S/99, close proximity to The Commons Shopping Mall and St. Francis Hospital, ample free surface parking, covered parking is free at 1/1,000 RSF. Landlord can buildout space per tenant's spec. as needed.

  • 2nd Fl-Ste 210 A
  • 1,759 SF
  • Office
  • -
  • Now

Exterior 4/1,000 RSF Parking Ratio Covered Garage 1/1,000 RSF Parking Ratio Close Proximity to The Commons Shopping Mall & St. Francis Hospital Located on Main Arterials; I-5 and SR-99 Project Amenities Include Conference Room and Fitness Center Storage Available Incoming Renovations to Lobby and Common Areas Elevator & Stair Access Landlord Can Build Out Space Per Tenant’s Specs as Needed Available Now

  • 2nd Fl-Ste 210 B
  • 1,824 SF
  • Office
  • -
  • Now

Exterior 4/1,000 RSF Parking Ratio Covered Garage 1/1,000 RSF Parking Ratio Close Proximity to The Commons Shopping Mall & St. Francis Hospital Located on Main Arterials; I-5 and SR-99 Project Amenities Include Conference Room and Fitness Center Storage Available Incoming Renovations to Lobby and Common Areas Elevator & Stair Access Landlord Can Build Out Space Per Tenant’s Specs as Needed Available Now

Space Size Space Use Build-Out Available
2nd Fl-Ste 210 3,590 SF Office Partial Build-Out Now
2nd Fl-Ste 210 A 1,759 SF Office - Now
2nd Fl-Ste 210 B 1,824 SF Office - Now

2nd Fl-Ste 210

Size
3,590 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Fl-Ste 210 A

Size
1,759 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Fl-Ste 210 B

Size
1,824 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Fl-Ste 210

Size 3,590 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Project amenities include conference room and fitness center, storage available, incoming renovations to lobby and common areas, located on main arterial; I-5 and S/99, close proximity to The Commons Shopping Mall and St. Francis Hospital, ample free surface parking, covered parking is free at 1/1,000 RSF. Landlord can buildout space per tenant's spec. as needed.

2nd Fl-Ste 210 A

Size 1,759 SF
Space Use Office
Build-Out -
Available Now

Exterior 4/1,000 RSF Parking Ratio Covered Garage 1/1,000 RSF Parking Ratio Close Proximity to The Commons Shopping Mall & St. Francis Hospital Located on Main Arterials; I-5 and SR-99 Project Amenities Include Conference Room and Fitness Center Storage Available Incoming Renovations to Lobby and Common Areas Elevator & Stair Access Landlord Can Build Out Space Per Tenant’s Specs as Needed Available Now

2nd Fl-Ste 210 B

Size 1,824 SF
Space Use Office
Build-Out -
Available Now

Exterior 4/1,000 RSF Parking Ratio Covered Garage 1/1,000 RSF Parking Ratio Close Proximity to The Commons Shopping Mall & St. Francis Hospital Located on Main Arterials; I-5 and SR-99 Project Amenities Include Conference Room and Fitness Center Storage Available Incoming Renovations to Lobby and Common Areas Elevator & Stair Access Landlord Can Build Out Space Per Tenant’s Specs as Needed Available Now

Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
926480-0210
Land Assessment
$1,670,034 CAD
Improvements Assessment
$5,761,671 CAD
Total Assessment
$7,431,705 CAD
  • Listing ID: 36377409

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 33650 6th Ave S, Federal Way, WA 98003

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