Jacob Rad Acquires Industrial Property From Dean Berkus In Van Nuys For $4.03M
16102 Hart Street
$4,030,000
$274/SF
Building Size
14,678 SF
Asset Type
Industrial
Closing
Jun 10, 2026
AI
The asset involved in this transaction is located at 16102-16116 Hart St, Van Nuys, and is described as an industrial property. It features a total square footage of 14,678 and was sold for $4,030,000, equating to a price per square foot of $274.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,030,000
- Address: 16102-16116 Hart St
- Market: Van Nuys
- Square Footage: 14,678
- Price per Square Foot: $274
- Buyer: Jacob Rad
- Seller: Dean Berkus
- Brokers: Josh Yaris, Ryan Rothstein-Serling & Martin Agnew - Agnew Serling Group - Marcus & Millichap
Participating in this transaction were brokers Josh Yaris, Ryan Rothstein-Serling, and Martin Agnew, representing the buyer and seller in facilitating the deal through their agency, Agnew Serling Group at Marcus & Millichap.
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
3.94%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93