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M-18 Ichikawa II

  • Chiba
  • Over 30,000㎡
  • Multi
Location Takahama-machi 1, Ichikawa, Chiba
Site Area 38,727.25 m2
Total leasable area 66,497.99 m2
Structure/Floors Reinforced-concrete structure, 5-story building
Completed October 9, 2009
Acquisition Date Sep. 3, 2010
Acquisition Price 17,415 million yen
No. of Tenants 2
Major Tenants TOMY Company, Ltd.
JR East Logistics Co., Ltd.
* Though JLF owns 90% stake of the trust beneficiary right of real estate, the figures above represents 100% of the property (other than acquisition price.)

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 499 494 496 507 499
Depreciation 120 120 120 120 120
Loss on Write-offs of noncurrect assets 0 - 0
Income(loss) from real estate leasing business 379 373 375 387 377
CAPEX 0 4 1 - 11
Book Value 16,282 16,165 16,046 15,926 15,816
Appraisal Value 22,400 22,400 23,100 23,500 23,500
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The Ichikawa area offers excellent access to the Tokyo Metropolitan Area and major coastal gateways, including Tokyo Bay and Haneda Airport. It is an ideal location for storage and shipping bases for consumer logistics, and for international logistics bases, especially for imports.
This property is close to the Chidoricho Interchange on the Bayshore (Wangan) Route of the Metropolitan Expressway and the Ichikawa Interchange on the Keiyo Expressway, and accessibility will be further enhanced with the completion of a planned extension to the Tokyo- Gaikan Expressway. It is relatively easy to secure workforce from neighboring residential areas located within walking distance. The suitability of the location for the logistics business is further enhanced by its surrounding environment which makes 24-hour operations possible.

Facility Profile

The large-scale facility has an effective column interval of 10.0 m, a clear height of 5.5 m (4.5 m in some parts), and a standard floor load of 1.5 t/m2, allowing for flexibility for the tenants' various distribution facility requirements. Designed for use by multiple tenants, the facility supports rapid inward and outward movement of goods and freight handling for each respective tenant. There are two one-way spiral ramps allowing direct access to each floor, as well as continuous vertical conveyors between the second and fifth floors (three already installed with additional secured space for ten more).
The facility is also equipped with additional value-added features, including 24-hour security provided by security guards, as well as a cafeteria and convenience store on the top floor, in addition to various other employee amenities. While the facility specification has been developed with the highest standards including a seismic isolation structure, the facility has been certified as CASBEE class "A"(Note), reflecting the importance of environmentally friendly sustainable facilities.

Note: The Comprehensive Assessment System for Building Environment Efficiency (CASBEE) is an environmental performance rating system for buildings. In addition to performance factors relating to the reduction of environmental loads, such as energy and resource conservation and recyclability, the comprehensive assessments also cover other factors, such as internal comfort and consideration for the visual impact.

Press Release


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