Steve O. Cherson Purchases Industrial Property From Nate Zumos For $2.5M In Oxnard
1101 Saviers Road
$2,500,000
$519/SF
Building Size
4,814 SF
Asset Type
Industrial
Closing
Nov 14, 2025
AI
1101 Saviers Road is an industrial property located in Oxnard, CA. The facility consists of 4,814 square feet utilized as an auto repair center, situated on a 24,829 square foot lot. The property sold for $2,500,000, which is approximately $519.32 per square foot for the building and $100.69 per square foot for the land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Buyer: Steve O. Cherson
- Seller: Nate Zumos
- Brokers: Daniel Hirth & Alex Reyhan - The Hirth Group
- Sales Date: 11/14/2025
- Due Diligence Period: 45 days
- Escrow Period: 75 days
Daniel Hirth and Alex Reyhan of The Hirth Group successfully represented both the buyer and seller throughout the transaction. They employed an off-market strategy, which involved engaging the existing tenant and addressing the complexities of the tenant's long-term lease arrangement. The brokers supported the buyer in navigating the SBA financing process, ensuring a streamlined experience from start to finish.
Players
Oxnard 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93