2600 Karsten SE Ct Albuquerque, NM 87102-5073

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.