For Sale
$850,500

615 Carlton AveFarmington, NM 87401

9,160 SF Warehouse - $850,500

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment property, located at 615 S CARLTON Avenue in Farmington, New Mexico, presents a compelling opportunity for discerning investors. The 9,160 square foot warehouse is currently leased to a tenant with a long-standing contract with the City of Farmington for water and sewer services. This provides a stable and reliable income stream. The current five-year lease includes a five-year option with annual rent increases of 3%, ensuring consistent growth in rental income. The current annual base rent is $78,000. The property's location in San Juan County, zip code 87401, offers convenient access to key infrastructure and services. Detailed financial information is available upon request to qualified buyers. This is a turnkey investment with a proven track record of consistent rental income, making it an attractive addition to any portfolio. The property is classified as industrial and specifically as a warehouse. While the lot size is not specified, the building itself offers substantial space for various industrial uses. This presents a rare opportunity to acquire a stable, income-generating asset in a growing market. Serious inquiries only.

Highlights

  • 9,160 SF warehouse in Farmington, NM, currently leased to a city tenant.
  • Five-year lease with a five-year option and 3% annual rent increases.
  • Annual base rent of $78,000.
  • Located in San Juan County, NM (zip code 87401).
  • Turnkey investment with a stable income stream.

Property Details for 615 Carlton Ave

Property type
Warehouses, Industrial properties
Square Feet
9,160 SF

Location Insight

City
Farmington
County
San Juan
State
New Mexico
Latitude
36.723338
Longitude
-108.190373
615 Carlton Ave, Farmington, New Mexico

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615 Carlton Ave
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