Jacob Rad Acquires Industrial Asset From Dean Berkus In Van Nuys For $2 Million
16545 Gault Street
$2,000,000
$271/SF
Building Size
7,360 SF
Asset Type
Industrial
Closing
Jun 10, 2026
AI
The property asset involved in this transaction is an industrial property located at 16545-16555 Gault St & 7100 De Celis Place in the market of Van Nuys. The sale price of the property was $2,000,000, encompassing a total square footage of 7,360, resulting in a price per square foot of $271.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Buyer: Jacob Rad
- Seller: Dean Berkus
- Brokers: Josh Yaris, Ryan Rothstein-Serling & Martin Agnew - Agnew Serling Group - Marcus & Millichap
This transaction was managed by brokers Josh Yaris, Ryan Rothstein-Serling, and Martin Agnew, all affiliated with the Agnew Serling Group under Marcus & Millichap, representing both the buyer and the seller in the deal.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93