1400 Hagy Way - Warehouse FOR SALE


Harrisburg, PA 17110- East Shore/Central
$8,797,410 USD
661-755-5564
1400 Hagy Way, Harrisburg, PA for Sale
$8,797,410 USD
Warehouse - FOR SALE
1/10
null | 6.25% Cap Rate

1400 Hagy Way
Harrisburg, PA 17110
East Shore/Central


HIGHLIGHTS

  • Premier Industrial Tenant | Capitol Building Supply (CBSI) | Wholly-Owned Subsidiary of The Home Depot
  • Long-Term NNN Lease with Attractive Annual Rent Increases
  • Unique IOS Opportunity
  • Excellent Interstate Access | 1.5 Miles Southeast of Interstate 81 (107,222 VPD) | Convenient Access to South-Central & Northeastern Pennsylvania
  • Harrisburg Area East Industrial Submarket Advantage
  • Copy Link to Download Offering Memorandum: https://bit.ly/1400hagywayLN

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,797,410 USD

PRICE/SF

$149 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capitol Building Supply

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

UTILITIES

Lighting - Sodium, Gas, Water, Sewer

CLEAR CEILING HT

22 Ft

DOCKS

10

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.13

LAND SF

179,903

ZONING

I2

APN/PARCEL ID

62-022-105

ASK ABOUT THIS PROPERTY

Austin WolitarskyCBRE, Inc.More Info
661-755-5564

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Austin WolitarskyCBRE, Inc.More Info
661-755-5564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.