Wendell Commerce Center – Phase 1

Industrial | Unrealized

Raleigh, NC

Asset Summary
Acquisition Date	Q2 2024
Size	493,730 SQ FT
Property Type	Industrial
Deal Profile	Fund IV, Development
Investment Profile	Opportunistic
Deal Source	Off Market

To-be-developed Class A, ±493,730 SF representing three multi-tenant warehouse buildings in Raleigh, NC. Located east of Raleigh, NC in Wake County, the site is just 0.5 miles from the entrance ramp to I-87 and Highway 64 (Wendell Blvd), providing direct access to Raleigh and its I-540 outer belt. To the east, I-87 converts to Highway 264 offering a direct route eastward to I-95, ensuring efficient connectivity across the region. With their flexible, multi-tenant designs, the park’s buildings are designed to attract a broad spectrum of modern users including area manufacturing, distribution, transportation, and industrial service companies. Summit anticipates starting construction on Phase 1 in Q3 2025 and delivering the three buildings in Q3 2026.

Wendell Commerce Center, a multi-phase development project, is programmed to include eight buildings, totaling ±1,815,000 SF (upon complete buildout).

Building 1A
Address	Arrow Road, Wendell, NC
County	Wake
Date Available	1Q2026
Lease Rate	Call for details
TICAM	Estimate $2.00
NC PIN	1774058949 (portion)
Zoning	PUD-22-01
Number of Acres	11.85
Building Dimensions	546' x 185'
Park Total SF	±1,800,000
Available SF	±100,872 (Divisible to ±25,000 SF)
Bay Size	±9,620 SF (Typical)
Exterior Wall Material	Concrete tilt wall construction
Roofing Material	45 mil white TPO with R-15 poly-iso insulation (R-25 above office area)
Floor Thickness	7" un-reinforced over 4" GAB with 10 mil vapor-barrier throughout
Ceiling Height	32' clear after speed bay
Column Spacing	52' x 41' 8" with 60' speed bay
Sprinkler System/Type	ESFR with K-17 sprinkler heads
Loading Dock	32 (9' x 10') manual dock-high doors with bumpers
	2 (14' x 16') ramps with motorized roll-up doors
Paved Auto Parking	104 spaces
Trailer Parking	26 trailer parks
Truck Court Depth	185' (Typical)
Lighting	LED fixtures 30FC average
HVAC	Heat for freeze protection (to 50°F) Make-up air units for air circulation
Electrical Capacity	2000 amp
Electrical Provider	Duke Energy
Natural Gas Provider	Dominion Energy
Water and Sewer Provider	City of Raleigh
Sewer Line	8" stepping down to a 2" domestic into building
Telecom Provider	AT&T or Spectrum

Building 1B
Address	Arrow Road, Wendell, NC
County	Wake
Date Available	1Q2026
Lease Rate	Call for details
TICAM	Estimate $2.00
NC PIN	1774058949 (portion)
Zoning	PUD-22-01
Number of Acres	10.71
Building Dimensions	1000' x 260'
Park Total SF	±1,800,00
Available SF	±132,720 (Divisible to ±45,000 SF)
Bay Size	±10,920 SF (Typical)
Exterior Wall Material	Concrete tilt wall construction
Roofing Material	45 mil white TPO with R-15 poly-iso insulation (R-25 above office area)
Floor Thickness	7" un-reinforced over 4" GAB with 10 mil vapor-barrier throughout
Ceiling Height	32' clear after speed bay
Column Spacing	52' x 50' with 60' speed bay
Sprinkler System/Type	ESFR with K-17 sprinkler heads
Loading Dock	32 (9' x 10') manual dock-high doors with bumpers
	2 (14' x 16') ramps with motorized roll-up doors
Paved Auto Parking	131 spaces
Trailer Parking	44 trailer parks
Truck Court Depth	185' (Typical)
Lighting	LED fixtures 30FC average
HVAC	Heat for freeze protection (to 50°F) Make-up air units for air circulation
Electrical Capacity	2000 amp
Electrical Provider	Duke Energy
Natural Gas Provider	Dominion Energy
Water and Sewer Provider	City of Raleigh
Sewer Line	8" stepping down to a 2" domestic into building
Water Main Size	12" stepping down to a 2" domestic into building
Telecom Provider	AT&T or Spectrum

Building 1C
Address	Wendell Commerce Boulevard, Wendell, NC
County	Wake
Date Available	4Q2025
Lease Rate	Call for details
TICAM	Estimate $2.00
NC PIN	1774058949 (portion)
Zoning	PUD-22-01
Number of Acres	17.78
Building Dimensions	632' x 210'
Park Total SF	±1,800,000
Available SF	±260,000 (Divisible)
Bay Size	±13,520 SF (Typical)
Exterior Wall Material	Concrete tilt wall construction
Roofing Material	45 mil white TPO with R-15 poly-iso insulation (R-25 above office area)
Floor Thickness	7" un-reinforced over 4" GAB with 10 mil vapor-barrier throughout
Ceiling Height	32' clear after speed bay
Column Spacing	52' x 50' with 60' speed bay
Sprinkler System/Type	ESFR with K-17 sprinkler heads
Loading Dock	32 (9' x 10') manual dock-high doors with bumpers
	2 (14' x 16') ramps with motorized roll-up doors
Paved Auto Parking	270 spaces
Trailer Parking	72 trailer parks
Truck Court Depth	184' (Typical)
Lighting	LED fixtures 30FC average
HVAC	Heat for freeze protection (to 50°F) Make-up air units for air circulation
Electrical Capacity	2000 amp
Electrical Provider	Duke Energy
Natural Gas Provider	Dominion Energy
Water and Sewer Provider	City of Raleigh
Sewer Line	8" stepping down to a 2" domestic into building
Water Main Size	12" stepping down to a 2" domestic into building
Telecom Provider	AT&T or Spectrum