Prime Wake Forest Office Space For Sale

Prime Wake Forest Office Space For Sale

203 Capcom Avenue | Wake Forest, NC 27587

CityPlat is pleased to present an excellent investment opportunity to purchase 203 Capcom Avenue. approximately a tenth of a mile from South Main Street and about 1 mile from Capital Blvd. 203 Capcom Ave is 40,349 SF Prime Office Building, on a 4-acre lot. It is well-located with excellent exposure and visibility right in the center of Wake Forest’s business district, adjacent to The Factory Sports Complex. The Heritage and Wakefield communities are just a short distance away. This property was built in 2001 and it features office suites ranging from 1,204 SF to 9,904 SF with strong and solid tenants. The building is 100% leased but there remains significant upside potential as the rents are well below the market average. There is generous parking and supporting retail is within walking distance.

Consistently named as one of the safest Towns in North Carolina, the bedroom community of Wake Forest is a much sought-after location to live and work with its’ population growing by nearly 10,000 in the last five years. Nearby Research Triangle Park (“RTP”) is one of the largest in the country with a new, master development plan released in 2012 allowing room for more than 100,000 more employees. 2010 US Census placed the Raleigh-Cary MSA at 1,163,515 and according to a recent report by the Urban Institute, the greater Raleigh area is projected to grow by 50 percent between 2010 and 2030.

Key Offering Highlights

  • 40,349 SF office building
  • Superb Investment Opportunity
  • Rents are well below the market – significant upside potential
  • 100% occupancy
  • Exceptional location in growing Wake Forest Market
  • Nearby Intersection of Capital Blvd. (47,000 VPD) and South Main St. (27,100 VPD)
  • Excellent Exposure and Visibility
  • Generous Parking and Access
  • Surrounded by Regional Retail, Medical and Business Establishments
  • NOI $387,372.00
  • Please Call For Pricing