Just Closed: Dalton Industrial
LA JOLLA, CA, September 11, 2026 – Legacy West Partners is pleased to announce the successful disposition of Dalton Industrial, an approximately 43,000-square-foot single-tenant warehouse located in Dalton, GA.
Legacy West Partners initially acquired the property in November of 2024. The acquisition was structured with a short-term sale-leaseback covering the entire building, an approach that delivered stable in-place cash flow from day one while giving our team the flexibility and runway to complete a comprehensive capital improvement program and secure a longer-term tenant at market terms. As with all of our deals, we began with a clear vision and a well-defined business plan, and our team went to work immediately.
Dalton is the center of the American flooring industry, producing the majority of the carpet manufactured in the United States and anchoring a dense cluster of flooring manufacturers, suppliers, and distributors. Positioned on the I-75 corridor between Atlanta and Chattanooga, the submarket offers a deep, specialized tenant base and limited quality warehouse inventory, exactly the kind of supply-constrained industrial market our partners target.
The scope of work addressed the building from the roof down, executed with our in-house construction team. This gave us direct control over schedule, sequencing, and quality, and delivered meaningful cost savings relative to third-party bids. The program addressed the building from the roof down with roof and envelope repairs, a complete overhaul of building systems and lighting, a rebuilt loading area with new dock doors, a full remodel of the office suite, and more.
Collectively, these improvements transformed a functionally dated asset into a clean, well-maintained headquarters. Utilizing our marketing experience, our partners secured a new long-term triple-net (NNN) lease with one of North America's leading flooring manufacturers. The lease converted the property from a short-term leaseback into a stabilized, income-producing asset with durable cash flow.
From acquisition to exit, our team repositioned and stabilized Dalton Industrial in under two years. This disposition underscores Legacy West Partners' ability to execute across the full investment lifecycle, from acquisition and repositioning to an efficient, profitable exit. With dedicated local teams and boots-on-the-ground management in each of our key markets, we remain focused on industrial and value-add opportunities across the Midwest and Southeast that align with our disciplined investment strategy.
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