Steve Marsh Acquires Industrial Property In Van Nuys From Richard Silliman For $3.8M
14754 Calvert Street
$3,800,000
$226/SF
Building Size
16,800 SF
Asset Type
Industrial
Closing
Sep 26, 2025
AI
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
Van Nuys 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93