Historical Industrial Sale Listing - Wake Forest Technology Park

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Wake Forest Technology Park

9701 Capital Boulevard, Wake Forest, NC 27587

N/A

309,000 SF | Industrial

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View from US 1N 5 mi from Raleigh, NC

Industrial Property - Off Market

Price:
N/A
Building Size:
309,000 SF
Property Type:
Industrial
Property Sub-type:
Industrial-Business Park
Additional Sub-types:
Office Showroom
Truck Terminal/ Hub/
Transit
Economy/ Limited Service
Property Use Type:
Net Lease Investment with
1 years left on lease
Commission Split:
2%
Cap Rate:
9%
Occupancy:
10%
Tenancy:
Multiple
Clear Ceiling Height:
18 ft.
Lot Size:
123 AC
Listing ID
16689222
Last Updated
over 1 year ago

Utilities

  • Fenced Yard
  • Trailer Parking
  • Electricity/Power - Progress Energy
  • Rail
  • Sprinklers

Description

NEED WATER? Property has State permit on water intake for 7 millions gallons potable water per day. South boundary is the Neuse River.
NEED LOCATION? Frontage 3,600 ft. is U.S. 1, 3 mi. north I-540 to I-40 and I-85. West boundary 4,500 ft. is CSX High Speed rail with spur and Time Warner Optic Cable line in r/o/w.
NEED GREEN? Roof is available for 250,000 s/f Solar in Progress Energy Grid that will supply building plus 30-40+ family homes in the area.
NEED EXPANSION?: 123 acres total; 35 acres with 309,000 sq ft brick mostly storage with 12000 s/f offices; 88 acre for expansion as a Technology Park.
NEED GOVERNMENT SUPPORT?: Chamber of Commerce, Wake County, Town of Wake Forest near Capital City Raleigh, wants development as "WF Technology Park" focus on DOD sub-contractors and scientists and engineers.. There are over 70 DOD related entities in Raleigh/Research Triange.

On US Highway 1, 3 mi north of I 540; 5 mi north of Raleigh; 4 mi south of Town of Wake Forest. West border is CSX Ry with spur track into property; CSX r/o/w has Time Warner Fibre Optic Cable line (Richmond - Charlotte); adjacent to hiking trails to Richmond north and Atlantic Ocean eastward. Has full support for development from local town and county and WF Chamber. Adjoins 58 acre wooded tract also available to compose new 93 acre Technology Park. Tenant interest available from WF Chamber of Commerce. Contact.

Map of 9701 Capital Boulevard, Wake Forest, NC 27587 (Wake County)

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Created 5/18/2010