Michigan Ave Industrial Park

Michigan Ave Industrial Park, located at 2765-2785 Michigan Ave Rd NE in Cleveland, Tennessee, was acquired by Legacy West Partners in January 2022. The park comprises ten industrial warehouse buildings, each of which underwent significant upgrades post-acquisition. These improvements included new exterior paint, installation of LED lighting throughout, and a complete renovation of the office section’s lobby. Leveraging our team's market expertise, we successfully increased average rents by over 25% and boosted net operating income by more than 56% since acquisition.

Strategically positioned between two major transportation arteries, TN-60 and US-11, this property offers exceptional logistical advantages, ensuring efficient and cost-effective distribution operations. Its prime location provides access to key urban centers and transportation hubs, including downtown Chattanooga, just 37 miles away, and the Chattanooga Metropolitan Airport, only 28 miles away. This proximity to airfreight services allows businesses to seamlessly connect to domestic and international markets, further enhancing the property's value as a distribution hub.