508 Industrial Blvd - Industrial FOR SALE


Atlanta, TX 75551
$1,932,600 USD
404-504-7900
508 Industrial Blvd, Atlanta, TX for Sale
$1,932,600 USD
Industrial - FOR SALE
1/46
null | 8% Cap Rate

508 Industrial Blvd
Atlanta, TX 75551


OVERVIEW

CBRE is pleased to exclusively offer the opportunity to acquire Chromascape’s 31,422-square-foot industrial facility situated on 29.6 acres in Atlanta, Texas. Chromascape’s NN lease has ±11.5 years of initial term remaining and features 3.00% annual rent increases, providing a stable and predictable income stream. The lease also includes two 5-year renewal options. Chromascape is currently in the process of building a Motor Control Center (MCC) within the property to centrally control the various electric motors used at the property. They have invested more than $1 million of their own capital into the MCC buildout, further demonstrating their commitment to this location. The property is strategically positioned within the city’s commercial corridor and offers excellent access to major transportation routes, including U.S. Highway 59 and proximity to Interstate 30. Atlanta, the county seat of Cass County, serves as the commercial and service center for Northeast Texas. Its strategic location along U.S. Highway 59 provides direct north-south connectivity between the Houston metropolitan area and Texarkana, Arkansas, a crucial asset for businesses. Further enhancing its accessibility, Atlanta is located approximately 25 miles west of Interstate 30, offering efficient travel to the Dallas–Fort Worth and Little Rock markets. The city’s proximity to Texarkana allows access to expanded transportation infrastructure, a larger labor pool, and regional amenities, all while maintaining the advantages of a smaller market environment, such as lower operating costs and a close-knit community. Chromascape, LLC, the tenant, is a privately held specialty chemical manufacturer that draws on more than 100 years of combined industry experience. They have established a strong reputation for producing high-performance colorants, pigments, dispersions, and additives. Chromascape focuses on converting raw materials into customized color solutions that enhance the appearance and functional performance of customer products. The company has recently expanded its product portfolio and manufacturing footprint, including a 2023 acquisition of Kemira’s colorants and dyes business, reflecting their commitment to growth and market leadership.

FOR SALE DETAILS

PRICE

$1,932,600 USD

PRICE/SF

$61 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ChromaScape Atlanta

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.36

LAND SF

538,522

ZONING

Light Industrial

APN/PARCEL ID

16985,2669

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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