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204 Capcom AveWake Forest, NC 27587
204 Capcom Institutional Quality Flex Asset
Asset ClassIndustrial
Square Feet32,000
Institutional-Quality Flex with Immediate Occupancy Opportunity
overview of deal

Overview

This ±32,000 SF Class A flex/R&D facility offers a rare opportunity in Wake Forest—one of the fastest-growing submarkets in the Raleigh-Durham MSA. Built in 2010 for high-performance defense and aerospace use, the building features clear-span warehouse/lab space, two-story office, and ±2.35 acres of exterior laydown.

 

The property is fully leased to Anduril through June 2027, with the potential for early occupancy by an owner-user. Anduril has ceased operations onsite and is actively marketing the space for sublease following a major facility consolidation to a new multi-billion-dollar Ohio campus. The facility previously supported a $50M U.S. Air Force contract, underscoring its exceptional build quality.

 

Positioned just off US-1 with direct access to I-540, RTP, and RDU, the site sits within a 4M SF flex market fueled by defense, aerospace, life sciences, and advanced manufacturing. This is a turnkey, future-ready asset with immediate and long-term upside.

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Investment Highlights

Square Feet
32,000

204 Capcom presents the unique potential for an owner user to immediately occupy the space, or for an investor to receive 2 years of income from one of the top National Defense Contractors in the world while repositioning the asset.

 

  • 32,000 SF (Two-Story Office + Warehouse)
  • Site Area: +/- 5.15 Acres
  • Year Built: 2010
  • Zoning: HB (Highway Business)
  • Parking: 85 Striped Spaces
  • Clear Height: 24' in Warehouse
  • Roof: Metal; 14 years old, with ~4 years remaining on the warranty
  • Warehouse Column Spacing: Clear Span
  • Sprinkler: Light Hazard Wet Pipe System
  • Dock Doors: 1 loading dock with 53' trailer access
  • Drive In Doors: 1 18' (H) grade level drive in door

Sales Comps

Address
Sale Price Per SQFT
Sale Date
Occupancy at Sale
1
1723 Roundrock Dr, Raleigh NC
$265.05
1/8/2025
0%
2
3401 Spring Forest Rd, Raleigh NC
$265.04
2/5/2025
0%
3
170 Weston Oaks Ct, Cary NC
$261.24
9/13/2023
0%
4
3610 Bush St, Raleigh NC
$234.50
1/5/2025
0%
5
1731 Roundrock Dr, Raleigh NC
$239.29
4/26/2024
0%
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204 Capcom AveWake Forest, NC 27587
Research Triangle Park
RDU International Airport
Downtown Raleigh
US-1
NC State, Duke University, UNC Chapel Hill, Wake Tech
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Listing provided by Revere CRE