- Tokyo Metropolitan Areas
|Anticipated Acquisition Price||3,730 million yen|
|Appraised Value||3,780 million yen|
|Appraised NOI Yield||4.7%|
|NOI Yield after Depreciation||4.4%|
|Access||Approx. 1 minute walk from “Iwamoto-cho” Station|
|Leasable Floor Area||3,394.35㎡|
Situated about a 1 minute walk from "Iwamotocho" Station on the Toei Shinjuku Line in close proximity to the nearest train station and with several travel lines at its disposal running through "Kanda" Station, “Akihabara” Station and "Awaji-cho” Station all located within walking distance, this property offers excellent access to transportation services and links. Also, being located along Yasukuni-Dori , it benefits from excellent visibility. The property is a an office building also containing stores which was completed in 1991. The property has a standard floor area of approx imately110 tsubo and the shape of the rental space no particular difficulties evident concerning the configuration of the rental space. The property is equipped with OA floor sand individual air conditioning meeting the general standard for the area. Although a certain amount of time has passed since the property was completed, with its easy to use layout attributable to its having no pillars plus the fact that the rental space is partitionable and the fact that it is within easy access of 5 stations, etc., this property can expect to achieve a steady tenant demand.
The area surrounding the property is a commercial area with mid-to-high rise office buildings with stores and office buildings, etc. lined along Yasukuni-Dori. A large number of mid-to-high-rise office buildings extend along Yasukuni Dori and rental spaces at street level are primarily occupied by merchandise sellers, restaurants and other stores targeting office workers going to and from work in the area. Being that the area is a business district with some history, older office buildings and small stores are common for the area.