Updated Dec 3, 2024
Amazon Signs Lease For 1 Million SF Industrial Space In Shafter
4500 Express Avenue, Shafter, CA, USA
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Feb 18, 2021
About this deal
AI
Jeff Bezos and Joe Vargas have been involved in a lease transaction in Shafter. The industrial property is located at 4500 Express Avenue and covers an area of 1,000,000 square feet.
Summary of transaction details
- Property Type: Industrial
- Tenant: Amazon - Jeff Bezos
- Landlord: Wonderful Real Estate Company - Joe Vargas
- Address: 4500 Express Avenue
- Market: Shafter
- Square footage: 1,000,000
This lease deal involved Jeff Bezos, the CEO of Amazon, as the tenant. Joe Vargas from the Wonderful Real Estate Company represented the landlord in the transaction.
On the Map
Industrial
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Players
City of Shafter Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93