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M-5 Urayasu Chidori

  • Chiba
  • Over 30,000㎡
  • Single
Location 12-2 Chidori, Urayasu, Chiba
Site Area 16,421.00 m2
Total leasable area 31,790.42 m2
Structure/Floors Reinforced concrete structure, 5 stories
Completed January 10, 2006
Acquisition Date Apr. 21, 2006
Acquisition Price 6,000 million yen
No. of Tenants 1
Major Tenants Mitsui & Co.Global Logistics,Ltd.

Income(Loss) from Real Estate Leasing Business

(million yen)

The 21th Period The 22th Period The 23th Period The 24th Period The 25th 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 206 188 200 201 202
Depreciation 46 46 47 47 47
Loss on Write-offs of noncurrect assets - -
Income(loss) from real estate leasing business 159 141 153 153 154
CAPEX 52 22 - 4
Book Value 5,235 5,241 5,217 5,169 5,126
Appraisal Value 8,560 8,560 8,720 8,930 8,910
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The property is located in Urayasu, one of Chiba's premier areas with a large concentration of logistics facilities due to its excellent access to the Tokyo metropolitan area and its suitability for the storage, delivery and distribution of general consumer goods as well as imports. The property features easy access to international gateways and major roadways, situated approximately 18km from Tokyo Port (Oi Pier), roughly 19km from the Sumida River freight station, approximately 5km from the Kasai Truck Terminal and roughly 3km from the Urayasu Junction on the Metropolitan Expressway Wangan Route. In addition, the property is located amid an environment well-suited to logistics operations, in an area that has been developed specifically to accommodate goods distribution and processing operations and that features the ready availability of local labor resources.

Facility Profile

With effective column spacing from 8.6m to 10m, a standard ceiling height of 7.2m and a floor load (warehouse) of 1.5 tons per m2, the property can meet both goods distribution and storage needs. In addition, the ceilings on the fourth and fifth floors were designed at a height of 3m to enable adequate lighting as well as efficient air conditioning to effectively facilitate distribution processing tasks, such as sorting goods by destination, placing price tags on goods and cargo handling.

Press Release

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