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29201490
29201511

508 Industrial Blvd, Atlanta, TX 75551 For Sale

BP
GA 349355
CBRE - Atlanta
CBRE - Atlanta
Listed by CBRE - Atlanta
$1,932,600
189 days on market
Updated 133 days ago
Opportunity zone

Chromascape Industrial: Atlanta, TX

Details
Property Type Industrial
Sub Type Flex
Square Footage 31,422
Cap Rate 8%
NOI $154,609
Occupancy 100%
Tenancy Single
Brand/Tenant Chromascape
Lease Type NN
Lease Term 15
Lease Expiration 10/25/2037
Remaining Term 11.3
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $62
Year Built 1971
Acreage 29.550
Investment Type Net Lease
Lease Commencement 10/26/2022

Industrial | 8.00% CAP | 31,422 SqFt

Marketing description

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 ±11.6 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.

Investment highlights

  • Net Lease with Annual Rent Increases: Chromascape’s NN lease has ±11.6 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.

  • Tenant Investment & Commitment to the Site: 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.

  • Commercial Corridor | Access to Vital Transportation Routes: 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.

  • Connectivity to Major Markets: 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.

Listing Contacts

BP
GA 349355
CBRE - Atlanta
CBRE - Atlanta
Listed by CBRE - Atlanta

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$154,609.00
$12,884.08/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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