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

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.