Prepared by https://www.commercialmls.com
728 - 31906S 320th St Federal Way WA 98003
Listing #: 711279 | Status: Available | Last Modified: 4/27/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 6.78 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 5 |
| # of Floors | 1 |
| Total Building SF | 45,340 SF |
| Net Rentable Area | 0 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 200,376 SF |
| Acres | 4.6 |
| Year Built | 1987 |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Other |
| Location | |
|---|---|
| County | King |
| Cross Street | 6th Ave S |
| Market Area | Federal Way |
| Tax ID # | 0821049279 |
| Zoning | PO |
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




