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M-19 Souka

  • Saitama
  • Over 30,000㎡
  • Multi
Location 1-6-39, Aoyagi, Souka, Saitama
Site Area 28,761.60 m2
Total leasable area 42,640.84 m2
Structure/Floors Steel-framed structure, 8-story building
Completed April 18, 2008
Acquisition Date Mar. 27, 2012
Acquisition Price 14,440 million yen
No. of Tenants 3
Major Tenants Ricoh Logistics System Co., Ltd.
Koyama Kigyo Co., Ltd.
* JLF additionally acquired 50% of co-ownership on February 6, 2017.
The acquisition price indicates the sum of the price on March 27, 2012 and February 6, 2017.

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 178 188 379 364 362
Depreciation 51 49 114 114 114
Loss on Write-offs of noncurrect assets 0 0 1 1
Income(loss) from real estate leasing business 126 139 265 248 246
CAPEX 1 1 3 3 8
Book Value 5,876 5,829 13,887 13,775 13,668
Appraisal Value 7,950 8,100 16,900 16,900 16,900
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

Soka/Misato area is adjacent to the Tokyo 23 wards, the largest center of consumption in Japan, with excellent access to logistics gateways such as the Port of Tokyo and the Tokyo International Airport (Haneda), meeting the diverse needs of logistics facilities.
Located at a close distance of around 4 km from the Tokyo Gaikan Misato-Nishi exit and the Soka exit of the Tokyo Gaikan Expressway, with easy access to the major expressways, such as Joban Expressway and Tohoku Expressway, as well as local arterial roads, the asset enjoys a location that is highly rated as a base for wide-area delivery services to the Tokyo Metropolitan Area and the Tohoku area.
Furthermore, the asset is located in an industrial area with many plants and warehouses which enables tenants to operate 24 hours without the fear of complaints from residents in the surrounding area. The asset is also within walking distance of a residential area and has plenty of parking space, making it easy to recruit labor.

Facility Profile

The facility is a versatile, large-scale 8-story (warehouse part is four-story) multi-tenant logistics facility with effective column interval of 10.0 m, effective ceiling height of 5.5 m (6.0 m or higher on the 7th floor), and standard floor load capacity of 1.5t/ m2.
The facility was designed for multiple tenant use, with office space on each floor, and each floor also has an upward slope and downward rampway that allows each floor to be accessed directly and promptly. The spec is thus highly rated by tenants, allowing them to bring goods in and out efficiently.
With bunk-type loading berths and ample parking space (238 spaces for cars and 31 spaces for trucks), the facility satisfies a variety of tenant needs.

Press Release

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