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432 Kelley Drive

Brian Whitmer Of Doors And Spaces Acquires Industrial Facility In West Berlin For Expansion
SOLDIndustrial

Brian Whitmer Of Doors And Spaces Acquires Industrial Facility In West Berlin For Expansion

432 Kelley Drive

Building Size

16,550 SF

Asset Type

Industrial

Closing

Mar 2, 2026

AI

Doors and Spaces Industrial acquired a 16,550-square-foot small-bay industrial facility located at 432 Kelley Drive in the West Berlin market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 16,550
  • Address: 432 Kelley Drive
  • Market: West Berlin
  • Buyer: Brian Whitmer - Doors and Spaces

Brian Whitmer, founder of Doors and Spaces, spearheaded this acquisition as part of the firm's expanding strategy in New Jersey, which is focused on vertically integrating and professionalizing multi-tenant industrial spaces through innovative development and technology-driven leasing and management models.

Players

Brian Whitmer

Doors and Spaces

Buyer

$4.1M

vol

2 deals

Buyer

West Berlin Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93