REAL ESTATE
Marble鈥檚 Downtown campus hits the market for $7.7 million
Brewer isn鈥檛 going anywhere, plans to expand with sale proceeds
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A popular Albuquerque taproom is on the market, but the craft beer and its brewer, one of New Mexico鈥檚 largest, aren鈥檛 going anywhere.
The owners of Marble Brewery鈥檚 Downtown Albuquerque taproom have listed the property, at 111 Marble NW, for nearly $7.7 million with the intent of keeping Marble鈥檚 lease in place for 20 years, according to a CARNM . The brewer鈥檚 nearby office at 102 Granite NW is also included in the offer; the brewery business is not.
The proposed move represents what the real estate industry calls a sale-leaseback investment. It essentially means that the property owners are seeking a new landlord for the building. The way the deal is structured, however, puts little responsibility on the buyer, making them more of an investor.
鈥淎 sale-leaseback is an alternative form of financing where they鈥檙e going to sell the real estate to raise money (and) expand operations,鈥� said Jacob Rocker, an associate broker with Real Estate Advisors, or REA. He co-listed the property last week with REA Director Tai Bixby.
The listing comes more than a year after Jarrett Babincsak and Bert Boyce, formerly of Santa Fe Brewing Co., acquired Marble. A group of Santa Fe-based real estate investors purchased the Downtown real estate 鈥� which includes the taproom and a nearby office 鈥� around the same time.
The acquisitions came at a time when Marble was facing financial struggles and looking for new ownership to return it to a trajectory of 鈥渟ustainable growth,鈥� Babincsak previously told the Journal. Today, the brewery is growing its sales. Marble鈥檚 Downtown lease generates a net operating income of $612,000 per year for the landlord, according to the CARNM listing.
鈥淒ue to Marble鈥檚 growth and future plans, the value of (the) properties have appreciated considerably,鈥� Babincsak said.
While the properties are up for sale, Babincsak said Marble鈥檚 current taproom and office leases and operations will not only continue but potentially expand.
鈥淭he real estate investors are willing to work with us to reinvest the proceeds of the sale back into Marble to help fund our growth and better position the operation for long-term success,鈥� Babincsak said. 鈥淲e need to build new warehouse space Downtown, invest in our bars and bring our brands to life in other ways that require capital.鈥�
Babincsak said Marble intends to build the additional warehouse space in an empty lot between the brewery鈥檚 loading dock and its office. The parcel is included in the listing.
Between the taproom and office, Marble鈥檚 Downtown presence spans 19,793 square feet and sits on less than an acre. The brewer has occupied the taproom space since its founding in 2008.
With a stable tenant and expansion potential, Rocker said the listing offers potential investors 鈥渁 durable income stream鈥� and an 8% return on investment in the first year. Under the agreement, Marble would handle the properties鈥� taxes, insurance, utilities and maintenance obligations, while the landlord would oversee responsibilities related to the roofs and structures.
The brokers haven鈥檛 received any serious interest yet, but Rocker is expecting movement on the listing in the next 30 days or so.
The listing follows a challenging year for the craft beer industry, with the nation鈥檚 craft brewer volume sales declining by 4% in 2025, according to the , a lobbying entity for small and independent brewers. Brewery closings have also outpaced openings over the last couple of years.
New Mexico has felt the pressure, with one of its largest brewers, Bosque Brewing Co., closing all of its taprooms last year. Other local taprooms, like Red Door Brewing Co. and Voodoo Girl Pies & Pints, have also shuttered in recent months.
Babincsak said he attributes Marble鈥檚 turnaround and endurance to its Keep It ABQ initiative, which he and Boyce launched to rebuild the Marble brand 鈥渙n quality, highly drinkable beers and community building.鈥�
Marble has also integrated the production and sale of Bosque鈥檚 beers into its business after securing the rights to produce them last summer. Babincsak said Marble has made tweaks to improve Bosque鈥檚 beers.
鈥淲e鈥檙e really lucky and grateful to have a team and distributor partner who have been able to bring the new strategy to life in the market,鈥� Babincsak said. 鈥淎nd we're grateful that retailers and drinkers have been receptive to the new energy and direction as well.鈥�
Editor鈥檚 Note: This story has been updated to correct that Marble鈥檚 Downtown lease generates a net operating income of $612,000.
Kylie Garcia covers retail and real estate for the Journal. You can reach her at kgarcia@abqjournal.com.
