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M-8 Kawasaki

  • Kanagawa
  • Over 30,000㎡
  • Single
Location 2-32-1 Sakuramoto, Kawasaki, Kawasaki, Kanagawa
Site Area 21,622.41 m2
Total leasable area 41,630.54 m2
Structure/Floors Steel-frame reinforced concrete structure, flat roof, 5 stories
Completed July 14, 1989
Acquisition Date Feb. 9, 2006
Acquisition Price 10,905 million yen
No. of Tenants 1
Major Tenants Sagawa Global Logistics Co., Ltd.

Income(Loss) from Real Estate Leasing Business

(million yen)

The 22th Period The 23th Period The 24th Period The 25th Period The 26th 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 292 292 292 292 294
Depreciation 74 74 74 74 74
Loss on Write-offs of noncurrect assets 1 0 1 0
Income(loss) from real estate leasing business 218 216 217 216 219
CAPEX 0 5 2 4 37
Book Value 9,841 9,771 9,698 9,627 9,590
Appraisal Value 11,700 12,000 12,200 12,300 12,300
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The Kawasaki area, located in Kanagawa Prefecture and the center of the major commercial hub of the western Tokyo metropolitan area, is particularly well-suited as a location for a delivery center for consumer goods. The property is situated within a 15km radius from major gateways such as Tokyo and Yokohama Ports and Haneda Airport. In addition, the property has superior access to road transport due to its location along an industrial road and easy access to major roadways such as the Metropolitan Expressway Yokohane Route and Wangan Route, as well as the Kawasaki Juukan Line.

Facility Profile

The property houses a pick-up center on the first floor for door-to-door delivery service providers in the city of Kawasaki and surrounding areas, and is also operated as the Sagawa Ryutsu Center (SRC), a core logistics facility that serves as a distribution processing center for cargo owners, enabling shorter delivery lead times. The property features a vast yard that allows trucks to maneuver easily, and the upper level houses an office as well as space for storing general consumer goods and performing distribution processing work. The property also contains an employee cafeteria, kiosks, an employee lounge and other facilities to enhance the working environment for employees, and the roof provides parking space for roughly 300 vehicles. Eight freight elevators with a load capacity of 2.5 tons per elevator and three passenger elevators with a load capacity of 900kg per elevator also allow for quick movement within the building. The property enjoys scarcity value as a large-scale logistics facility in the Kawasaki area.

Press Release

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