Karsten Industrial Building – Albuquerque, NM

During the last week of 2020 we closed on a 12,500 square foot small bay industrial building in Albuquerque, NM. The property was built in 2004 and we have since switched out two of the three tenants and brought them all to market rate rents. This is our second acquisition in Albuquerque, allowing us to utilize the existing team we have established in the area. This asset will be an ideal long-term hold for us.