Truist Securities Acquires Office Property In Federal Way, WA For $93.5M
3201 South 323rd Street, Federal Way, Washington 98001, United States
$93,500,000
$582/SF
Building Size
160,493 SF
Asset Type
Office
Closing
Jun 8, 2022
AI
The office property located at 3201 South 323rd Street in Federal Way, WA has been sold in a transaction. The property spans approximately 11.2 acres and has a total of 160,493 square feet of space. The sale of the property was completed on 06/09/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $93,500,000
- Price Per Square Foot: $583
- Address: 3201 South 323rd Street, Federal Way, WA
- Market: Federal Way, WA
The buyer in this transaction was Truist Securities, while the seller was DaVita Inc. The deal was facilitated by Scott Briggs from Stan Johnson Co.
Federal Way Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93