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ChromaScape Industrial 508 Industrial Blvd 31,442 SF Industrial Building Atlanta, TX 75551 $1,932,600 ($61.47/SF) 8% Cap Rate
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 ±11.5 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.
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.
Property Facts
| Price | $1,932,600 | Rentable Building Area | 31,442 SF |
| Price Per SF | $61.47 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2007 |
| Cap Rate | 8% | 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 | $1,932,600 |
| Price Per SF | $61.47 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 12.36 AC |
| Rentable Building Area | 31,442 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| 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
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $55,520 | Total Assessment | $55,520 |
Property Taxes
Parcel Numbers
Land Assessment
$55,520
Improvements Assessment
$0
Total Assessment
$55,520
Contacts
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Brian Pfohl -
Cyrus Felfeli -
Katie Goldberg -
Chris Cozby -
Leah Lindell -
Abby Kelly -
CBRE
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