Basis Industrial Acquires Voorhees Township Development Site For $1.115M

The property involved in this transaction is a development site located at 111 Centennial Blvd in Voorhees Township, NJ. The asset type is a self-storage facility, offering ample space for storage purposes. The sale took place on 09/30/2022, with the buyer being Basis Industrial, represented by Dan Weinstein and Anthony Scavo. The seller of the property is Taylor Mills. The transaction was facilitated by Jeffrey Lucas from Rose Commercial Real Estate. The sale price for the property was $1,115,000, with a building square footage (BSF) of 110,000 and a price per BSF (PPBSF) of $10. The total square footage of the property is approximately 311,889, with a price per square foot (PPSF) of $4.

Summary of transaction details:

• Property Type: Development Site - Self Storage
• Transaction Amount: $1,115,000
• Address: 111 Centennial Blvd, Voorhees Township, NJ
• Market: Voorhees Township, NJ
• Buyer: Basis Industrial (Dan Weinstein & Anthony Scavo)
• Seller: Taylor Mills
• Broker: Jeffrey Lucas - Rose Commercial Real Estate
• Building Square Footage (BSF): 110,000
• Price per BSF (PPBSF): $10
• Total Square Footage (SF): 311,889
• Price per Square Foot (PPSF): $4

Dan Weinstein and Anthony Scavo represented Basis Industrial in this deal, while Taylor Mills acted as the seller of the property. The transaction was facilitated by Jeffrey Lucas from Rose Commercial Real Estate. The sale price for the property was $1,115,000, reflecting the value and potential of the development site. The property consists of a building with a square footage of 110,000 and a price per BSF of $10. The total square footage of the property is approximately 311,889, with a price per square foot of $4.