1400 S 348th St - Hospitality FOR SALE
Federal Way, WA 98003 |
$7,905,000 USD
310-561-8254
1400 S 348th St
Federal Way, WA 98003
HIGHLIGHTS
- ±$1,500,000 in trailing 12-month room revenue with Costar forecasting 2.80% RevPAR growth through December 2025 within the Seattle Hospitality Market.
- 15 minutes from Seattle-Tacoma International Airport, the property offers exceptional accessibility for both regional and national travelers.
- The airport is projected to handle 52 million annual flyers, surpassing pre-pandemic levels from 2019.
- Surrounding household income north of $100,000 with a 5-mile population of 215,862.
- As part of the Quality Inn & Suites franchise, the property benefits from strong brand recognition and a loyal customer base.
FOR SALE DETAILS
PRICE
$7,905,000 USD
PRICE/SF
$199 USD /SF
# OF ROOMS
65
PRICE/ROOM
$121,615 {currency}
CAP RATE
Request Cap Rate
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Quality Inn & Suites Federal Way Seattle
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
2002
PARKING SPACES
80
LAND DETAILS
LAND ACRES
2.06 AC
LAND SF
89,734 SF
ZONING
CE, Federal Way
APN/PARCEL ID
202104-9055
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310-561-8254
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310-561-8254
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