Listed by CBRE - South Bay, CBRE - Atlanta, CBRE Atlanta, CBRE - Orange County
$8,797,410
Capitol Building Supply (Parent = Home Depot)
Details
Property Type Industrial
Sub Type Warehouse, ios
Square Footage 59,050
Net Rentable (SqFt) 59,050
Units 1
Cap Rate 6.25%
NOI $549,952
Occupancy 100%
Tenancy Single
Brand/Tenant Capitol Building Supply, Inc.
Lease Type NNN
Lease Term 7
Lease Expiration 05/29/2033
Remaining Term 7
Rent Bumps Yes
Lease Options Two (2) Five (5) Yr. Options
Price per SqFt $149
Broker Co-Op Yes
Year Built 1997
Year Renovated 2023
Buildings 1
Stories 1
Acreage 4.130
Investment Type Net Lease
Tenant Credit Credit Rated
Loading Docks 10
Ownership Fee Simple
Home Depot is Parent Co. | 100% Leased Industrial w/ IOS | 7 Years Remaining and 3% Annual Increases
Marketing description
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.
Investment highlights
- 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.
Listing Contacts
Listed by CBRE - South Bay, CBRE - Atlanta, CBRE Atlanta, CBRE - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$549,952.00
$45,829.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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