ALBUQUERQUE, NM— Matthews™, a commercial real estate investment services and technology firm, completed the sale of ARRK Enterprises, LLC, located at 702 Carmony Lane Northeast in Albuquerque, New Mexico. Matthews™ First Vice President & Associate Director Andrew Wiesemann and Senior Associate Ashton Miller represented the seller in the transaction, with Brian Brockman as the broker of record.

 

The 63,000-square-foot single-tenant industrial facility features 28’ clear height, six exterior dock doors, two drive-in doors, and heavy 1,000-amp/3-phase power. The property was secured by a corporately guaranteed long-term NNN lease.

 

“This transaction speaks to how strong underlying real estate fundamentals such as location, functionality, tenancy, and durable cash flow create conviction in the market,” Miller said.

 

Matthews™ executed a full marketing and transaction process, generating multiple competitive offers. The Matthews™ agents directly sourced an investor who was attracted to the property’s combination of in-place yield, location, and market fundamentals. The transaction closed ahead of schedule, with the first buyer to go under contract.

 

“In today’s market, buyers are prioritizing certainty of income and strong lease structure,” Wiesemann said. “Assets with contractual rent growth and clear expense pass-throughs are underwriting well right now, and that’s exactly what this deal delivered.”

 

For more information, please contact Andrew Wiesemann and Ashton Miller or visit www.matthews.com.

 

Brian Brockman License No. 20241 (NM)

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.