2600 Karsten CtAlbuquerque, NM 87102

Property Details for 2600 Karsten Ct

Year built

2002

Lot size

3.03 AC

Property size (Sq ft)

8,150 SF

Property type

Truck terminals

APN

1-014-055-487-409-1-06-01

APU

101405548740910601

Description

This Albuquerque, NM industrial property offers a compelling investment opportunity with a strong, credit-rated tenant, Carvana. The 8,150 square foot distribution warehouse, built in 2006, sits on a 3.032-acre lot and features 26 dock-high doors and ample parking (25 spaces). Currently operating under a Net Lease (NNN) agreement with a 3-year remaining term and two 3-year renewal options, the property boasts 100% occupancy since September 1, 2021. The lease includes annual rent bumps of 3%, ensuring consistent income growth. The property's strong financial performance is reflected in its 6.56% cap rate and a substantial NOI of $170,465. Located off Interstate 25, near the Albuquerque International Sunport, this strategically positioned asset benefits from high traffic visibility and convenient access. The property is zoned NR-LM and offered as a fee-simple ownership, making it ideal for 1031 exchange investors. The asking price is $2,599,999, translating to $319.02 per square foot. This is a rare opportunity to acquire a high-performing industrial asset with a secure, long-term tenant in a thriving market.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0556

Longitude

-106.641

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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