204 Capcom Avenue offers a rare opportunity to lease a purpose-built ±32,000 SF Class A flex/R&D facility in one of the Triangle's premier defense and advanced manufacturing corridors. Originally constructed in 2010 as a build-to-suit for a national defense contractor, the property combines high-end office space with functional warehouse and laboratory capabilities. The building features approximately 10,000 SF of well-appointed office space and 22,000 SF of warehouse/R&D space with 24-foot clear heights, 3-phase 900 AMP power, one dock-high loading door with 53-foot trailer access, and one oversized 18-foot drive-in door. Existing improvements include executive offices, conference rooms, open office areas, training facilities, and employee break areas, allowing many users to occupy the space with minimal tenant improvements. Situated on approximately 5.15 acres, the property also offers the potential for screened outdoor storage or fleet parking (subject to municipal approval). Located just minutes from US-1 and NC-98, the building provides excellent regional access while benefiting from its position adjacent to the Lockheed Martin/Ultra Maritime campus, placing tenants within one of North Carolina's fastest-growing defense, aerospace, and advanced manufacturing ecosystems. Ideal users include defense contractors, aerospace companies, advanced manufacturers, robotics, life sciences, R&D operations, engineering firms, technology companies, and other mission-critical industrial users.