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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
Freestanding
Building Size
3,872 SF
Building Class
C
Year Built/Renovated
1978/2022
Tenancy
Multiple
Number of Floors
1
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

PROPERTY TAXES

Parcel Number
926503-0020
Land Assessment
£516,943
Improvements Assessment
£632,120
Total Assessment
£1,149,064
  • Listing ID: 29393399

  • Date on Market: 29/08/2023

  • Last Updated:

  • Address: 33525 Pacific Hwy S, Federal Way, WA 98003

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