diff --git a/Makefile b/Makefile
index 3310219ea2..6e09d0ea25 100644
--- a/Makefile
+++ b/Makefile
@@ -93,9 +93,9 @@ build/.ran-third-party-cmake::
 	touch $@
 
 ifeq ($(call filter-true,$(USE_BUNDLED)),)
-build/.ran-third-party-cmake:: $(DEPS_BUILD_DIR)
 $(DEPS_BUILD_DIR):
-	mkdir -p $(DEPS_BUILD_DIR)
+	mkdir -p "$@"
+build/.ran-third-party-cmake:: $(DEPS_BUILD_DIR)
 	cd $(DEPS_BUILD_DIR) && \
 		$(CMAKE_PRG) -G '$(BUILD_TYPE)' $(BUNDLED_CMAKE_FLAG) $(BUNDLED_LUA_CMAKE_FLAG) \
 		$(DEPS_CMAKE_FLAGS) $(THIS_DIR)/third-party