About
About Chroma Park
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 365-unit Chroma Park apartment community located in Cobb County/Austell, GA. Chroma Park was constructed in two phases. Built in 1996, Chroma Park West (Phase 1) encompasses 155 units. Chroma Park East (Phase 2) was built in 1999 and comprises 210 units. With exceptional connectivity, off I-285 and the East-West Connector, Chroma Park benefits from the ample employment opportunities across the Platinum Triangle, Perimeter Center, Midtown & Downtown Atlanta, all of which lie within a 30-minute drive. With limited supply, increased population growth, high occupancy and municipal barriers to new multifamily development, the Cobb County market is primed for continued growth. The area surrounding Chroma Park boasts impressive demographics, including a household income of over $89K and a highly competitive single family housing market. Chroma Park presents a unique opportunity to acquire a well-located asset with a blueprint value-add program in-place. New ownership can drive NOI by bringing 80% of the property to an upgraded finish level.
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