Brian Whitmer Of Doors And Spaces Industrial Acquires Industrial Property In Voorhees For $4.125M
476 Centennial Boulevard
$4,125,000
$125/SF
Building Size
32,850 SF
Asset Type
Industrial
Closing
Apr 15, 2026
AI
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.
Voorhees 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93