Updated Sep 23, 2026
Major Global Technology And E-Commerce Company Acquires 1.09 Million Square Foot Industrial Facility In Shafter, CA From Joe Vargas Of Wonderful Real Estate
5104 Express Avenue
Building Size
1,088,047 SF
Asset Type
Industrial
Closing
Sep 16, 2026
About this deal
AI
The transaction involved a newly built Class A industrial facility with a square footage of 1,088,047 located at 5104 Express Avenue, Shafter, CA. The facility is part of the industrial asset market and caters to logistics and e-commerce sectors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5104 Express Avenue
- Market: Shafter, CA
- Seller: Joe Vargas - Wonderful Real Estate
- Buyer: Major global technology and e-commerce company
This deal expands the buyer's operations at the Wonderful Logistics Center, increasing their total footprint to over 3 million square feet across its owned and leased properties.
On the Map
Industrial
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Shafter 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93