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1101 Saviers Road

Steve O. Cherson Purchases Industrial Property From Nate Zumos For $2.5M In Oxnard
SOLDIndustrial

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

Alex Reyhan

The Hirth Group

Broker

$180.8M

vol

46 deals

Broker
The Hirth Group
The Hirth GroupBrokerage

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