418 W Lake Ave is a 120,000-square-foot industrial warehouse located in Rossville, GA, a suburb of Chattanooga, TN. Acquired by Legacy West Partners in November 2022, the property benefits from its strategic location off US Route 27, offering easy truck access. It is situated just 5.5 miles from downtown Chattanooga and 8.3 miles from Chattanooga Metropolitan Airport, with proximity to key cities like Knoxville, Nashville, Birmingham, and Atlanta, positioning it as a highly efficient central distribution hub.
Upon acquisition, Legacy West implemented targeted upgrades to enhance the property’s appeal, including new paint, LED lighting, roofing, landscaping, and updated HVAC systems for the onsite offices. At the time of purchase, the property was 44% occupied. However, under our management, it is now fully leased, driving a rental income increase of more than threefold.