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Capitol Building Supply 1400 Hagy Way 59,050 SF Industrial Building Harrisburg, PA 17110 $8,797,410 ($148.98/SF) 6.25% Cap Rate
Investment Highlights
- Premier Industrial Tenant | Capitol Building Supply (CBSI) | Wholly-Owned Subsidiary of The Home Depot
- Unique IOS Opportunity
- Harrisburg Area East Industrial Submarket Advantage
- Long-Term NNN Lease with Attractive Annual Rent Increases
- Excellent Interstate Access | 1.5 Miles Southeast of Interstate 81 (107,222 VPD) | Convenient Access to South-Central & Northeastern Pennsylvania
- Copy Link to Download Offering Memorandum: https://bit.ly/1400hagywayLN
Executive Summary
CBRE is pleased to offer for sale the 59,050 square-foot Capitol Building Supply located on 4.13 acres in Harrisburg, PA. CBSI’s NNN lease features ±7.2 years of term remaining with 3% annual rent increases throughout the term and two 5-year renewal options.
PREMIER INDUSTRIAL TENANT
— With 35 years of experience, Capitol Building Supply, Inc. (CBSI) specializes in providing building materials and supplies to contractors, builders, and
homeowners. The company offers a range of products, including lumber, roofing, siding, and other construction-related items with construction
yards in Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and Washington, D.C.
HOME DEPOT COMPLETES ACQUISITION OF GMS
— Gypsum Management & Supply (GMS)—CBSI’s former parent company—was acquired by Home Depot in September 2025 for $5.5 billion (more detail on
page 7). Prior to Home Depot’s acquisition, the company operated a network of more than 300 distribution centers and over 100 tool sales, rental, and service centers. CBSI was the largest company in the GMS family with 500+ employees serving residential and commercial construction customers throughout 20+ yards. For the fiscal year ended April 30, 2025, GMS generated $5.5 billion in total revenue and $500.9 million in Adjusted EBITDA.
LONG-TERM NNN LEASE WITH ATTRACTIVE ANNUAL INCREASES
— CBSI’s NNN lease features ±7.0 years of term remaining with 3% annual rent increases throughout the term and two 5-year renewal options.
UNIQUE IOS OPPORTUNITY
— Tenant recently fenced the property and paved the outdoor storage area (formerly gravel) in 2023. Additionally, the site coverage ratio at this property is right under 33%, making the large 4.13-acre site attractive to users with an industrial outdoor storage (IOS) need.
EXCELLENT ACCESS & VISIBILITY
— Located less than 2 miles north of downtown Harrisburg, CBSI is located along Hagy Way, where it is feet from the signalized intersection of Crooked Hill Road (3,895 VPD) and Elmerton Avenue (5,230 VPD). The site is also a half mile east of US Highway 22 (36,936 VPD) and less than 1.5 miles southeast of its junction with Interstate 81 (107,222 VPD), offering convenient access to south-central and north-eastern Pennsylvania.
PREMIER INDUSTRIAL TENANT
— With 35 years of experience, Capitol Building Supply, Inc. (CBSI) specializes in providing building materials and supplies to contractors, builders, and
homeowners. The company offers a range of products, including lumber, roofing, siding, and other construction-related items with construction
yards in Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and Washington, D.C.
HOME DEPOT COMPLETES ACQUISITION OF GMS
— Gypsum Management & Supply (GMS)—CBSI’s former parent company—was acquired by Home Depot in September 2025 for $5.5 billion (more detail on
page 7). Prior to Home Depot’s acquisition, the company operated a network of more than 300 distribution centers and over 100 tool sales, rental, and service centers. CBSI was the largest company in the GMS family with 500+ employees serving residential and commercial construction customers throughout 20+ yards. For the fiscal year ended April 30, 2025, GMS generated $5.5 billion in total revenue and $500.9 million in Adjusted EBITDA.
LONG-TERM NNN LEASE WITH ATTRACTIVE ANNUAL INCREASES
— CBSI’s NNN lease features ±7.0 years of term remaining with 3% annual rent increases throughout the term and two 5-year renewal options.
UNIQUE IOS OPPORTUNITY
— Tenant recently fenced the property and paved the outdoor storage area (formerly gravel) in 2023. Additionally, the site coverage ratio at this property is right under 33%, making the large 4.13-acre site attractive to users with an industrial outdoor storage (IOS) need.
EXCELLENT ACCESS & VISIBILITY
— Located less than 2 miles north of downtown Harrisburg, CBSI is located along Hagy Way, where it is feet from the signalized intersection of Crooked Hill Road (3,895 VPD) and Elmerton Avenue (5,230 VPD). The site is also a half mile east of US Highway 22 (36,936 VPD) and less than 1.5 miles southeast of its junction with Interstate 81 (107,222 VPD), offering convenient access to south-central and north-eastern Pennsylvania.
Property Facts
| Price | $8,797,410 | Rentable Building Area | 59,050 SF |
| Price Per SF | $148.98 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1997/2023 |
| Cap Rate | 6.25% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 22’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 10 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 4.13 AC | ||
| Zoning | I2 - Warehouse, Storage | ||
| Price | $8,797,410 |
| Price Per SF | $148.98 |
| Sale Type | Investment NNN |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.13 AC |
| Rentable Building Area | 59,050 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1997/2023 |
| Tenancy | Single |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I2 - Warehouse, Storage |
Amenities
- Fenced Lot
Utilities
- Lighting - Sodium
- Gas
- Water
- Sewer
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 62-022-105 | Improvements Assessment | $1,010,000 |
| Land Assessment | $448,800 | Total Assessment | $1,458,800 |
Property Taxes
Parcel Number
62-022-105
Land Assessment
$448,800
Improvements Assessment
$1,010,000
Total Assessment
$1,458,800
Contacts
-
Austin Wolitarsky -
Kevin Foley -
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Kaitlyn Wolf -
Matthew Gorman -
Leah Lindell -
Abby Kelly -
CBRE, Inc.
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Capitol Building Supply | 1400 Hagy Way
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