LISTING DETAILS

Capital Square

728 - 31906S 320th St Federal Way WA 98003

Listing #: 711279 | Status: Available | Last Modified: 4/27/2026

Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income0
Vacancy Factor %0.00%
Operating Expenses0
Net Operating Income0
CAP Rate6.78 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings5
# of Floors1
Total Building SF45,340 SF
Net Rentable Area0 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF200,376 SF
Acres4.6
Year Built1987
Property Type
Property TypeOffice
Office TypeOther
Location
CountyKing
Cross Street6th Ave S
Market AreaFederal Way
Tax ID #0821049279
ZoningPO

Capitol Square

Public Comments

Capitol Square is a 45,340 SF, 100% occupied office and medical park featuring 18 suites across five buildings. The property is anchored by a high-synergy mix of medical and health-service tenants, including Franciscan Medical Group, Labcorp, and various dental, chiropractic, and wellness providers. This medical oriented base, combined with Federal Way’s lower occupancy costs relative to CBD alternatives, provides investors with stable, durable in-place cash flow. The asset offers significant strategic flexibility through its staggered lease expirations, which allow an investor to smooth rollover risk and mark rents to market over time. Uniquely, each of the five buildings is situated on its own tax parcel, creating a clear path for future value creation through phased sales, or individua

Capital Square
728 - 31906S 320th St Federal Way WA 98003

Listing #: 711279 | Status: Available | Listing Date: 4/9/2026 | Last Modified: 4/27/2026 | Email Listing

For Sale

Capital Square

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