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December 11, 2017
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VENTURA COUNTY NEWS
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It’s a Wonderful Life for Industrial Tenants in Shafter

9/19/17

Wonderful Real Estate has started construction on a 1 msf, spec industrial building located within Wonderful Industrial Park, a 1,625-acre, rail-served industrial development in the CA town of Shafter, about 20 miles northwest of Bakersfield. Located at 4100 Express Ave, this will be one of only a handful of million sf or greater industrial buildings under speculative development in the United States.

The project features 40-foot clear height, access to four major U.S. ports and oversized large truck courts. The building will be available for occupancy March 2018.

4100 Express Avenue will feature 300-foot truck courts, 700 trailer parking stalls, 183 dock-high doors, eight-inch slab designed to meet multi-level e-commerce uses, high speed fiber optics network and access to a deep and dependable workforce. Additionally, Wonderful Industrial Park is a short distance to four major U.S. ports ─ Los Angeles, Long Beach, Hueneme and Oakland ─ which import and export a combined container volume of 18 million TEUs annually or 37% of total US volume.

JLL's Mike McCrary, Peter McWilliams and Mac Hewett are leading the leasing efforts at Wonderful Industrial Park which is able to accommodate a variety of industrial requirements ranging from approximately 100k sf to 2 msf of space.

"Strengthening market fundamentals, growth of e-commerce and awareness of the Central Valley industrial market has given us the confidence to go spec on a new one million square foot industrial building," said Joe Vargas, President of Wonderful Real Estate Development. “The combination of state-of-the-art features, in-place infrastructure, abundant workforce and access to neighboring West and Southwest markets makes this the premier property for expanding industrial users.”

"The Central Valley industrial market continues to grow as users see the benefit of easy access to West Coast, Southwest and Midwest markets together with a strong labor pool that includes a population of over 750,000 within a 30-minute drive from the park. Several large corporations have recently expanded into the area and we expect this to continue as e-commerce evolves and retailers adapt to changing consumer demands." said Hewett. "In an industry where qualified labor is becoming increasingly competitive and turnover is on the rise, tenants of Wonderful Industrial Park continue to benefit from a local workforce that is not only loyal but continues to flourish. Existing tenants consistently report annual labor turnover rates in the low single digits and have found the quality and the reliability of the workforce in Shafter to be superior to their workforces in other parts of California."

Wonderful Industrial Park’s central location gives companies access to a robust transportation infrastructure. In addition to port proximity, the property is minutes from Highway 99, Interstate 5 and Highway 58, allowing access to 14 percent of the U.S. population within 300 miles. It has a FedEx Ground hub onsite and is nearby a UPS ground hub in Bakersfield, with Meadows Field Airport located only seven miles away. Wonderful Industrial Park also features an onsite rail yard with more than 17,000 feet of track able to accommodate unit trains with direct access to Burlington Northern Santa Fe (BNSF) Railway’s mainline. The area is home to several premier corporate industrial users including Target, Ross Stores, American Tire Distributors, DMSI, MRC Global, and FedEx.




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