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M-6 Funabashi Nishiura

  • Chiba
  • Over 30,000㎡
  • Multi
Location 3-4-1 Nishiura, Funabashi, Chiba
Site Area 18,192.07 m2
Total leasable area 34,319.12 m2
Structure/Floors Reinforced concrete structure, 5 stories
Completed January 24, 2006
Acquisition Date Feb. 17, 2006
Acquisition Price 5,700 million yen
No. of Tenants 3
Major Tenants Chubu Unyu K.K.
Konoike Transport Co., Ltd
Not disclosed*

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 222 241 316 非開示* 非開示*
Real estate leasing business expenses 108 106 179 非開示* 非開示*
NOI 175 196 199 -18 24
Depreciation 61 61 61 62 62
Loss on Write-offs of noncurrect assets 0 0 0 - -
Income(loss) from real estate leasing business 113 134 136 -80 -38
CAPEX 3 15 1 59 98
Book Value 4,527 4,481 4,420 4,418 4,453
Appraisal Value 7,950 7,960 7,970 8,000 7,330
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

Amid the major commercial hub of the Tokyo metropolitan area, the property enjoys a strong competitive edge as a storage and distribution center for general consumer goods. The property is also located along the route between Narita International Airport and central Tokyo, and thus is well-suited for handling not only marine cargo routed through Tokyo and Yokohama Ports, but also air cargo passing through the airport. The property also features easy access to major roadways, situated approximately 7km from the Ichikawa Interchange on the Metropolitan Expressway Wangan Route and roughly 200m from National Route 357. In addition, the property is situated in 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 9.7m to 9.9m, a standard ceiling height of 7.1m and a standard floor load of 1.5 tons per m2, the facility can handle a broad range of goods in terms of both weight and capacity. In addition, the first floor features dualsided truck berths that can accommodate 30 large trucks, making the facility ideally suited for goods distribution. The property also features seismic isolation construction to reduce the risk of damage from earthquakes.

Press Release


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