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M-9 Narashino

  • Chiba
  • Less than 10,000㎡
  • Single
Location 3-2-2 Akanehama, Narashino, Chiba
Site Area 14,027.60 m2
Total leasable area 2,442.87 m2
Structure/Floors Steel-frame structure, alloyplated steel sheet roof, 2 stories
Completed October 5, 2005
Acquisition Date Feb. 9, 2006
Acquisition Price 1,690 million yen
No. of Tenants 1
Major Tenants Sagawa Express Co., 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 60 60 60 60 60
Real estate leasing business expenses 15 17 17 16 15
NOI 55 53 53 54 55
Depreciation 10 10 10 10 10
Loss on Write-offs of noncurrect assets 0 - -
Income(loss) from real estate leasing business 44 43 43 44 44
CAPEX 0 - -
Book Value 1,517 1,507 1,497 1,486 1,476
Appraisal Value 2,290 2,290 2,320 2,360 2,360

Location Profile

The Narashino area is accessible via public transportation from Tokyo, Chiba and inland areas, and has a high concentration of logistics facilities. The property features convenient access to major roadways, situated approximately 3km from the Wangan Narashino Interchange on the Higashi-Kanto Expressway and the Hanawa Interchange on the Keiyo Highway, and is ideally suited as a delivery center for door-todoor delivery services that require a high volume of truck traffic. The property's location within the Keiyo Port District is also an environment favorable for logistics operations.

Facility Profile

Newly constructed following the consolidation of the Chiba area centers of Sagawa Express Co., Ltd., the property is a model facility that serves as a pick-up center. The wide column spacing of up to 24m facilitates easy layout of shipping operations, sorting equipment and facilities. With three-sided truck berths that can accommodate up to 31 large trucks and 50 small trucks as well as ample parking space and stand-by space, the property possesses the specifications demanded by a typical regional delivery center, and thus assists in improving work efficiency and reducing costs for the tenant. A great deal of attention has been paid to ensuring safety and reducing workloads, and adequate lighting is maintained to ensure that on-site tasks are performed accurately. An employee lounge and shower rooms are also provided to enhance the overall working environment.

Press Release

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