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M-1 Funabashi

  • Chiba
  • over 10,000㎡ Less than 30,000㎡
  • Single
Location 3-3-2 Hama-cho, Funabashi, Chiba
Site Area 16,718.00 m2
Total leasable area 29,556.79 m2
Structure/Floors Steel-frame reinforced concrete structure, flat roof, 6 stories
Completed October 27, 1993
Acquisition Date May 9, 2005
Acquisition Price 8,675 million yen
No. of Tenants 1
Major Tenants Yamato Transport Co., Ltd.,

Income(Loss) from Real Estate Leasing Business

(million yen)

The 20th Period The 21th Period The 22th Period The 23th Period The 24th Period
Real estate leasing business revenue 非開示* 非開示* 非開示* 非開示* 非開示*
Real estate leasing business expenses 非開示* 非開示* 非開示* 非開示* 非開示*
NOI 217 217 215 206 215
Depreciation 93 94 94 94 93
Loss on Write-offs of noncurrect assets 0 3 4 3 0
Income(loss) from real estate leasing business 123 120 117 108 122
CAPEX 91 4 9 13 4
Book Value 7,423 7,329 7,241 7,156 7,066
Appraisal Value 6,880 7,020 6,990 7,120 7,280
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The center is conveniently situated roughly 30km from the Port of Tokyo, 17km from the Port of Chiba, 47km from Narita International Airport, 3km from the Hanawa Interchange on the Keiyo Expressway and 17km from the Kasai Truck Terminal. The center serves as a junction between the Port of Tokyo and Narita International Airport, both key gateways for international and consumer distribution in the Tokyo metropolitan area.

Facility Profile

The property is a large-scale, multi-tenant logistics center capable of catering to various consumer distribution needs through an ample number of spacious truck berths and ramps that allow vehicles to enter different floors directly. The center is suitable as a transfer center for the smalllot distribution of a wide variety of goods, and is among only a handful of logistics centers of comparable size in the Tokyo metropolitan area.

Press Release

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