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M-14 Urayasu Chidori II

  • Chiba
  • Less than 10,000㎡
  • Single
Location 10-1 Chidori, Urayasu, Chiba
Site Area 2,645.34 m2
Total leasable area 6,192.80 m2
Structure/Floors Steel-frame reinforced concrete structure, flat roof, 5 stories
Completed January 16, 2001
Acquisition Date Feb. 8, 2008
Acquisition Price 1,640 million yen
No. of Tenants 1
Major Tenants Oriental Land 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 42 42 43 43 43
Depreciation 16 16 16 16 12
Loss on Write-offs of noncurrect assets -
Income(loss) from real estate leasing business 25 25 26 27 30
CAPEX -
Book Value 1,538 1,521 1,504 1,488 1,475
Appraisal Value 1,760 1,800 1,800 1,830 1,860
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The Urayasu area is one of Chiba's premier areas with a large concentration of logistics facilities due to its excellent access to the Tokyo metropolitan area and Tokyo Port (Oi Pier) and its suitability for the storage, delivery and distribution of general consumer goods as well as the distribution of imports. In addition, the property is located 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.
The site features easy access to international gateways and major roadways, situated roughly 19km from Tokyo Port, roughly 19km from Tokyo Freight Terminal Station, roughly 6km from the Kasai Truck Terminal and approximately 4km from the Urayasu Junction on the Metropolitan Expressway Wangan Route.

Facility Profile

The property can handle the needs of both logistics-type and storage-type operations due to its wide column spacing from 8.4m to 10.0m, a standard ceiling height of 5.5m and a standard floor load of 1.5t/m2. The fifth floor ceiling height is limited to 3.0m to provide the necessary lighting and efficient air-conditioning required for performing both distribution processing functions such as sorting, attaching price tags and picking, as well as general administrative functions.

Press Release

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