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Asset Summary

Acquisition Date Q4 2022
Size 394,740 SQ FT
Property Type Industrial
Deal Profile Fund IV, Development
Investment Profile Opportunistic
Deal Source On Market

Class A, 394,740 SF multi-tenant warehouse buildings in Raleigh, NC. Located on the southern edge of the Franklin County industrial submarket, the site is 0.2 miles from U.S. Highway 1 which connects south to Raleigh (approximately 12 miles to the I-540 outer belt) and north to I-85 (approximately 27 miles). The buildings are uniquely positioned to serve north Raleigh and the growing businesses and households along the U.S.-1 corridor. With their flexible, multi-tenant design and 32’-36’ clear heights, the buildings are designed to attract area manufacturing, distribution, and industrial services companies. Construction on Phase I began in Q2 2023 and its two buildings were delivered Q2 2024.

US 1 North Commerce Center, a multi-phase development project, is programmed to include five buildings, totaling 1,416,307 SF (upon complete buildout).

Building 100

Total SF 169,940 SF
Available SF 0 SF
Date available Q1 2024
Lease rate Call for pricing
Acres ±17.29 acres
Building dimensions 810' x 210'
Bay size ±11,340 SF
Exterior wall material Concrete tilt wall construction
Roofing material 45 mil white TPO with R-15 poly-iso insulation (R-25 above office areas)
Floor thickness 6”, unreinforced over 6” aggregate base with 10 MIL vapor-barrier
Ceiling height 32’ after speed bay
Column spacing 54’x50’ with 60’ speed bay
Sprinkler system/type ESFR with K-17 sprinkler heads
Loading 44 (9’x10’) manual dock doors with bumpers | 2 (12’x14’) drive-in doors
Paved parking 177
Trailer parking/storage 62 trailer parks available
Truck court depth 135' expandable to 190'
Lighting LED per tenant spec
Electrical capacity 277/480 Volt 3-phase 4-wire 2,000 Amp Electrical Service with four (4) 400 amp/480 volt 3-phase tenant panels
Electrical provider Duke Energy Progress
Natural gas service provider Dominion Energy
Water and sewer provider Franklin County Public Utilities
Sewer line 6"
Water main line 3"
Telecom provider TBD
HVAC Heat for freeze protection (to 50°F) | Roof top make-up air units for air circulation

Building 200

Total SF 224,490 SF
Available SF 42,213 SF
Date available Q1 2024
Lease rate Call for pricing
Acres ±22.83 acres
Building dimensions 864’ x 260’
Bay size ±14,040 SF
Exterior wall material Concrete tilt wall construction
Roofing material 45 mil white TPO with R-15 poly-iso insulation (R-25 above office areas)
Floor thickness 6”, unreinforced over 6” aggregate base with 10 MIL vapor-barrier
Ceiling height 32’ after speed bay
Column spacing 54’x50’ with 60’ speed bay
Sprinkler system/type ESFR with K-17 sprinkler heads
Loading 48 (9’x10’) manual dock doors with bumpers | 2 (12’x14’) drive-in doors
Paved parking 228
Trailer parking./ storage 62 trailer parks available
Truck court depth 135' expandable to 190'
Lighting LED per tenant spec
Electrical capacity 277/480 Volt 3-phase 4-wire 2,000 Amp Electrical Service with two (2) 600 amp/480 volt 3-phase tenant panels
Electrical provider Duke Energy Progress
Natural gas service provider Dominion Energy
Water and sewer provider Franklin County Public Utilities
Sewer line 6"
Water main line 3"
Telecom provider TBD
HVAC Heat for freeze protection (to 50°F) | Roof top make-up air units for air circulation

For leasing information, contact the experts:

Alexis Lambeth

Partner, Foundry

919 987 2926

email

Jim Allaire

Principal, Foundry

919 270 9216‬

email

Contact the Leasing Team Schedule a Tour

Photos

Property 360 Aerial

US-1 North Commerce Center – Aerial 360 RenderingSnap Content

360 Renderings

US-1 North Commerce CenterSnap Content

Site Plan

Location & Key Distances

US 1 North Commerce Center is located near Highway 1 with central access points nearby including I-540, I-87, I-40 and I-95. The proximity to interstates and major state roads ensures uninterrupted distribution to every major market in the United States.

Location

Info 2

Ports

Port of Wilmington: 150 miles Port of Morehead City: 161 miles ​Port of Norfolk: 165 miles Port of Charleston: 300 miles Port of Savannah: 344 miles Port of Jacksonville: 475 miles

Info 3

Rail

Charlotte Inland Port: 173 miles

Info 4

Major Roadways

Highway US 1: <1 mile I-540: 12.5 mils I-87: 22 miles I-95: 39 miles

Info 5

Airports

RDU International: 27 miles FAY Airport: 90 miles GSO International: 174 miles CLT International: 174 miles

Information herein has been obtained from sources deemed reliable; however, its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.