- Tokyo Metropolitan Areas
|Anticipated Acquisition Price||3,820 million yen|
|Appraised Value||3,860 million yen|
|Appraised NOI Yield||4.7%|
|NOI Yield after Depreciation||4.3%|
|Access||Approx. 3 minutes walk from “Awajicho” Station|
|Leasable Floor Area||3,250.68㎡|
Located approximately 3 minutes walk from "Awajicho" Station on the Tokyo Metro Marunouchi Line and in easy distance from the nearest train station and with several other lines at its disposal including "Ogawa-machi" Station on the Metropolitan Subway Shinjuku Line, "Shin-Ochianomizu" Station on the Tokyo Metro Chiyoda Line and "Kanda" Station on the JR Line and Tokyo Metro Ginza Line, this property offers excellent access to main areas in Tokyo City. The property faces the roads on two sides and is located about 20m off Sotobori-Dori and the overall grade based on its external appearance, entrance and exterior finish meet the standard level. In terms of facilities, it generally meets the demands of standard tenants. In an area where there is a large number of relatively small buildings, this property’s specs offer a rental space floor area per standard floor of at least 140 tsubo. Although a certain period of time has passed since its completion, with its ease of access to transportation services and links, two available elevators, easy to use layout attributable to its not have pillars obstructing the rental space and making it possible to partition the space, this property can expect to achieve a stable tenant demand.
The area surrounding the property is a commercial area with mid-to-high-rise office buildings and office buildings with stores, etc. extending behind the main road. The majority of the buildings are older and small, and the lower floors are primarily occupied by retail stores and restaurants, etc.