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Brian Whitmer Of Doors And Spaces Industrial Acquires Industrial Property In Voorhees For $4.125M

Property Image
SOLD
$4,125,000

New Jersey

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Industrial32,850 SF
Sold 04/15/2026
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Property Image
SOLD

Brian Whitmer Of Doors And Spaces Industrial Acquires Industrial Property In Voorhees For $4.125M

476 Centennial Boulevard

See Similar Deals
Industrial32,850 SF
Sold 04/15/2026
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:32,850 SF
Transaction Type:Sale

A 32,850-square-foot multi-tenant industrial-flex building located at 476 Centennial Boulevard in Voorhees was sold for $4,125,000. The property covers 3.3 acres and is fully leased. It is part of a strategic expansion focused on small-bay infill assets with strong tenant demand.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,125,000
  • Address: 476 Centennial Boulevard
  • Market: Voorhees
  • Square Footage: 32,850
  • Price per Square Foot: $126
  • Buyer: Brian Whitmer - Doors and Spaces Industrial

Brian Whitmer represents Doors & Spaces Industrial in this acquisition, which aims to reposition the property through targeted upgrades and tenant optimization in a supply-constrained industrial market.

Players

BW
Doors and Spaces
Brian Whitmer
2 deals$4.1M volume
BUYER

Details

SOLD
IMAGE: Brian Whitmer DATE: 04/15/2026 ADDRESS: 476 Centennial Boulevard MARKET: Voorhees ASSET TYPE: Industrial ~ ACRES: 3.3 BUYER: Brian Whitmer - Doors and Spaces Industrial SALE PRICE: $4,125,000 SF: 32,850 ~ PPSF: $126 NOTE: Doors & Spaces Industrial acquired a 32,850-square-foot multi-tenant industrial-flex building in Voorhees for $4.125 million, expanding its focus on small-bay infill assets with strong tenant demand.The fully leased property will be repositioned through targeted upgrades and tenant optimization, aligning with the firm’s value-add strategy in a supply-constrained industrial market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$220,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25