Steve Marsh Acquires Industrial Property In Van Nuys From Richard Silliman For $3.8M
SOLD
$3,800,000
California
See Similar DealsIndustrial16,800 SF
Sold 09/26/2025
SOLD
Steve Marsh Acquires Industrial Property In Van Nuys From Richard Silliman For $3.8M
14754 Calvert Street
See Similar DealsIndustrial16,800 SF
Sold 09/26/2025
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$226
Total Square Footage:16,800 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 14754-14758 Calvert Street & 14755-14759 Bessemer Street in the Van Nuys market. The sale price of the property was $3,800,000, encompassing a total square footage of 16,800 and a price per square foot of $226.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Location: 14754-14758 Calvert Street & 14755-14759 Bessemer Street, Van Nuys
- Square Footage: 16,800
- Price Per Square Foot: $226
- Buyer: Steve Marsh
- Seller: Richard Silliman
- Seller's Representative: Lucas Mitchell, Ryan Rothstein-Serling & Martin Agnew - Agnew | Serling Group - Marcus & Millichap
The transaction involved key individuals including buyer Steve Marsh and seller Richard Silliman, alongside their representatives Lucas Mitchell, Ryan Rothstein-Serling, and Martin Agnew, who are affiliated with Agnew | Serling Group under Marcus & Millichap. Their roles were pivotal in facilitating this transaction in the industrial market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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