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.
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