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28810 Military Road South

Updated Sep 3, 2026

Barber Family Properties LLC Acquires Retail Asset In Federal Way For $7.7M
SOLDRetail

Barber Family Properties LLC Acquires Retail Asset In Federal Way For $7.7M

28810 Military Road South

$7,700,000

$298/SF

Building Size

25,766 SF

Asset Type

Retail

Closing

Sep 1, 2026

About this deal

AI

Barber Family Properties LLC purchased a retail asset located at 28810 Military Road South in Federal Way, WA. The acquisition involved a 25,766-square-foot single-tenant Safeway and was completed for a total sale price of $7,700,000, translating to $299 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,700,000
  • Address: 28810 Military Road South
  • Market: Federal Way, WA
  • Square Footage: 25,766
  • Price Per Square Foot: $299
  • Buyer: Barber Family Properties LLC
  • Seller: LSD Enterprises LLC
  • Brokers: Ryan Marn & El Warner - Colliers
The transaction highlights the roles of the entities involved, with Ryan Marn and El Warner representing Colliers in facilitating the sale on behalf of both the buyer and seller during this retail property acquisition.

On the Map

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$7,700,000

$298/SF

Retail

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Players

El Warner

El Warner

Colliers

Broker

$203.8M

vol

8 deals

Broker
Ryan Marn

Ryan Marn

Colliers

Broker

$7.7M

vol

1 deal

Broker

Federal Way Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $298 per square foot on a published $7.7M for 25,766 square feet (2026).

Visit El Warner to view all their deals.

Browse Federal Way retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.06%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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