- Tokyo Metropolitan Areas
|Anticipated Acquisition Price||7,880 million yen|
|Appraised Value||8,610 million yen|
|Appraised NOI Yield||4.0%|
|NOI Yield after Depreciation||3.8%|
|Address||2-5-10 Shinjuku, Shinjuku-ku, Tokyo|
|Access||Approx. 2 minutes walk from “Shinjuku-sanchome” Station|
|Leasable Floor Area||5,616.89㎡|
Located 2 minutes walk from "Shinjuku-sanchome " Station on the Tokyo Metro Marunochi Line, Fukutoshin Line and Toei Shinjuku Line, this property has easy access to the center of Tokyo and transportation facilities and links. Being situated along a main road, it benefits from excellent visibility. The property is an office building completed in 1989 and has a standard floor rental space area of 180 which is partitionable. Originally functioning as the headquarters of a company, the building’s external appearance, entrance and other common areas are to a high standard. Although a certain amount of time has passed since the property's completion, with its easy access to transportation services, the high office density in the surrounding area, the external appearance of the building, the fact that the space can be partitioned and it is equipped with a sufficient number of elevators (3 passenger elevators and 1 cargo lift) as well as its easy to use layout attributable to it having no pillars obstructing the rental space, etc., it can expect high rental demand from a wide range of industries.
The area surrounding the property is a commercial area with mid-to-high rise store and office buildings, etc. extending along Shinjuku-Dori. Although, along Shinjuku-Dori up to Shinjuku Station where Shinjuku Yanagi Dori runs parallel is a busy thriving area with a high density of department stores and high-rise store buildings, etc., on the east side there is a strong prevalence of mid-to-high-rise store and office buildings.