ZDI Inc. Acquires 89,811 Square Foot Industrial Facility In Oxnard From BLT Enterprises For $22.7M

ZDI Inc. acquired a 89,811-square-foot industrial facility located at 3301 Sturgis Road in Oxnard for $22.7 million, equating to $253 per square foot. The property is currently leased to Volkswagen Group of America, positioned adjacent to its Test Center California, ensuring stable income in a supply-constrained submarket despite some modest vacancy increases and negative absorption in Ventura County.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,700,000
• Buyer: ZDI Inc.
• Seller: Daniel Rosenthal & Robert Solomon - BLT Enterprises
• Square Footage: 89,811 SF
• Price Per Square Foot: $253
• Address: 3301 Sturgis Road
• Market: Oxnard

Daniel Rosenthal and Robert Solomon represented BLT Enterprises in this transaction, facilitating the sale to ZDI Inc. This deal reflects the ongoing demand for industrial assets, particularly those with stable tenants in key locations.