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Marilyn Balduff Purchases Industrial Property From Stephen Brecht In Van Nuys For $1.56M

Property Image
SOLD
$1,560,000
Ryan Rothstein-Serling
Martin Agnew
Lucas MItchell

California

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Industrial4,000 SF
Sold 09/23/2024
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Property Image
SOLD

Marilyn Balduff Purchases Industrial Property From Stephen Brecht In Van Nuys For $1.56M

14753 Aetna Street

See Similar Deals
Industrial4,000 SF
Sold 09/23/2024
Ryan Rothstein-Serling
Martin Agnew
Lucas MItchell
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$390
Total Square Footage:4,000 SF
Transaction Type:Sale

The industrial property located at 14753 Aetna Street in Van Nuys has a total square footage of 4,000. The sale price for this asset was $1,560,000, equating to a price per square foot of $390. The property is situated on a 5,227 square foot lot, which is approximately 0.12 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,560,000
  • Buyer: Marilyn Balduff
  • Seller: Stephen Brecht
  • Brokers: Martin Agnew, Ryan Rothstein-Serling & Lucas Mitchell - Agnew | Serling Group - Marcus & Millichap
  • Days to Close: 28
  • Price per Square Foot: $390
  • Lot Size: 5,227 SF
  • Acres: 0.12

The transaction was facilitated by the Agnew Serling Group, which implemented a thorough marketing strategy and quickly secured an all-cash offer from the buyer. The team assisted the buyer in overcoming challenges regarding property insurance and successfully closed the deal ahead of schedule, with the final price reflecting a positive outcome for all parties.

Players

Martin Agnew
Marcus & Millichap
Martin Agnew
119 deals$436.8M volume
BROKER
Ryan Rothstein-Serling
Marcus & Millichap
Ryan Rothstein-Serling
122 deals$509.8M volume(818) 212-2725
BROKER
Lucas MItchell
Marcus & Millichap
Lucas MItchell
3 deals$13.6M volume
BROKER

Details

SOLD
IMAGE: Martin Agnew, Ryan Rothstein-Serling & Lucas MItchell DATE: 09/23/2024 ADDRESS: 14753 Aetna Street MARKET: Van Nuys ASSET TYPE: Industrial BUYER: Marilyn Balduff SELLER: Stephen Brecht BROKERS: Martin Agnew (@MartyAgnew), Ryan Rothstein-Serling (@RyanRS14) & Lucas MItchell (@LucasMitchell_) - Agnew | Serling Group (@AgnewSerlingGroup) - Marcus & Millichap (@MarcusMillichapEncino) SALE PRICE: $1,560,000 SF: 4,000 ~ PPSF: $390 LOT SF: 5,227 ACRES: 0.12 NOTE FROM BROKERS: Our dedicated listing team executed a robust marketing strategy, and within one week of being on market, procured a highly competitive, all-cash offer from an investor, who came in with no contingencies and a 30-day close. During escrow the buyer faced challenges securing property insurance due to prior claims and the current insurance market conditions. The team worked tirelessly with their network, reaching out to multiple insurance brokerages until they were successful in securing coverage at a favorable rate. Thanks to the relentless effort and expertise of the Agnew Serling Group, we not only overcame these hurdles but also closed the deal in just 28 days—two days ahead of schedule. The final sale price of $390 per square foot reflects a fantastic outcome for all parties involved!

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