Doors & Spaces Acquires Fully Leased Industrial Building in Voorhees for $4.1 Million

According to REBusiness Online, Doors & Spaces has acquired a 32,850-square-foot industrial facility in Voorhees, New Jersey, for $4.1 million. The property, located at 476 Centennial Blvd. in Camden County, was fully leased at the time of sale to eight tenants.

The acquisition gives the regional investment firm a fully occupied industrial asset on a 3.3-acre site in Southern New Jersey. The building was constructed in 1987, and the seller was not disclosed.

Key Details

Buyer: Doors & Spaces, which the source describes as a regional investment firm focused on small-bay industrial product.

Seller: Not disclosed.

Property: A 32,850-square-foot industrial facility at 476 Centennial Blvd. in Voorhees, New Jersey, in Southern New Jersey’s Camden County.

Site: 3.3 acres.

Sale price: $4.1 million.

Occupancy at sale: Fully leased to eight tenants.

Year built: 1987.

Timeline: The source reports the sale as a completed transaction but does not provide a closing date beyond that.

The deal stands out for its combination of full occupancy and multi-tenant tenancy at the time of sale. While the source does not identify the tenants or provide lease terms, it does make clear that the building was entirely leased when Doors & Spaces purchased it.

That occupancy profile is often notable for investors and brokers tracking industrial transactions, as fully leased properties can draw interest from buyers seeking in-place tenancy. In this case, the source limits the public facts to the buyer, location, size, price, occupancy and basic property history.

Why It Matters

For commercial real estate professionals, this transaction is another example of investor demand for industrial properties with existing tenancy in established submarkets. Even when publicly released details are limited, a sale like this can signal continued attention on leased industrial facilities where buyers can underwrite current occupancy rather than a vacant repositioning.

The deal is also a reminder that smaller industrial transactions remain relevant to market participants watching pricing, tenant demand and investor activity across Southern New Jersey. Here, the available facts point to a fully leased building with multiple tenants changing hands at a defined purchase price, offering a concise snapshot of current transaction activity in Camden County.