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204 Capcom Ave 32,000 SF Flex Building Wake Forest, NC 27587 $7,950,000 ($248.44/SF)
Investment Highlights
- ±32,000 SF Class A Flex/R&D Facility (±21,000 SF office | ±11,000 SF warehouse)
- 24’ clear height & clear span in warehouse
- Heavy power capacity & fully sprinkled supporting advanced manufacturing and R&D
- Ability to demo ±10,000 SF of office, increasing warehouse footprint by ~50%
- Institutional quality asset offered below replacement cost
- 5.15-acre site with potential for expansion or screened outdoor storage
Executive Summary
±32,000 SF Class A Flex/R&D facility in Wake Forest, NC. Built in 2010 to a high institutional standard, the property features ±21,000 SF of premium office space and ±11,000 SF of clear-span warehouse with 24’ clear height, dock-high loading, and an oversized drive-in. Currently leased through June 2027 to one of the top defense contractors in the world, providing 2 years of secured rental income. The tenant is consolidating its national footprint into a new $2B state-of-the-art campus in Ohio and has the property actively listed for sublease, creating an opportunity for an owner operator to occupy the facility from day one. The ±5.15-acre site also offers expansion or screened outdoor storage potential. Offered below replacement cost, with recent submarket trades supporting $260–$275/SF pricing.
Property Facts
Amenities
- Conferencing Facility
- Mezzanine
- Security System
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 32,000 SF
- Flex
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 32,000 SF | Flex | Full Build-Out | 30 Days |
1st Floor
| Size |
| 32,000 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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204 Capcom Ave
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