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ChromaScape Industrial 508 Industrial Blvd 31,442 SF Industrial Building Atlanta, TX 75551 $2,061,440 ($65.56/SF) 7.50% Cap Rate
Investment Highlights
- Net Lease with Annual Increases
- Commercial Corridor | Access to Vital Transportation Routes
- Atlanta, TX Industrial Market
- Tenant Investment & Commitment to the Site
- Connectivity to Major Markets
Executive Summary
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 ±11.8 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.
Property Facts
| Price | $2,061,440 | Rentable Building Area | 31,442 SF |
| Price Per SF | $65.56 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1971 |
| Cap Rate | 7.50% | Tenancy | Single |
| Property Type | Industrial | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 12.36 AC | Opportunity Zone |
Yes
|
| Zoning | Light Industrial - Light Industrial | ||
| Price | $2,061,440 |
| Price Per SF | $65.56 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 12.36 AC |
| Rentable Building Area | 31,442 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | Light Industrial - Light Industrial |
1 1
Property Taxes
| Parcel Number | 38723 | Improvements Assessment | $0 |
| Land Assessment | $57,960 | Total Assessment | $57,960 |
Property Taxes
Parcel Number
38723
Land Assessment
$57,960
Improvements Assessment
$0
Total Assessment
$57,960
Contacts
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Brian Pfohl -
Cyrus Felfeli -
Katie Goldberg -
Chris Cozby -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
CBRE
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ChromaScape Industrial | 508 Industrial Blvd
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