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T-9 Fukuoka Kashiihama

  • Fukuoka
  • over 10,000㎡ Less than 30,000㎡
  • Multi
Location 2-1-10 Kashiihama Futo, Higashi-ku, Fukuoka, Fukuoka
Site Area 8,751.58 m2
Total leasable area 21,201.15 m2
Structure/Floors Steel frame with alloy-plated steel roofing sheet, 5-story building, and other
Completed October 30, 2009
Acquisition Date Mar. 25, 2014
Acquisition Price 2,750 million yen
No. of Tenants 2
Major Tenants Mitsui & Co.Global Logistics,Ltd.
Mbs, Inc.
Nakano Shokai 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 86 88 79 88 54
Depreciation 28 28 28 28 26
Loss on Write-offs of noncurrect assets 0 1 0 -
Income(loss) from real estate leasing business 58 58 49 59 27
CAPEX 0 6 0 3
Book Value 2,680 2,652 2,629 2,600 2,578
Appraisal Value 3,300 3,360 3,400 3,370 3,280
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

This property locates just 2 km from the Kashiihama Interchange of the Fukuoka Urban Expressway, and thus has high accessibility to central Fukuoka City, the largest consumption area in Kyushu. In addition, the property is located in the Kashii Park Port, where containers are loaded and unloaded, within the port of Hakata, which is a gateway port to Asia. Therefore, the property is also valued by port transport business operators who handle import and export cargos. Furthermore, since the property is situated in an area where logistics facilities and factories are concentrated, the chances of receiving complaints about noise is slim. At the same time, there is a large parking lot (that can accommodate 42 cars) within the property and convenience stores are available in the vicinity, so it is easy to secure a sufficient workforce.

Facility Profile

The facility is a highly versatile logistics center with standard specs, such as a column interval of 10 m by 11 m, an effective ceiling height of 5.5 m or higher on each floor, and a standard floor load capacity of 1.5 t/m2 (2.0 t/m2 on the first floor). The facility has various vertical transport equipment (3 elevators and 2 vertical transport devices) and office space on each floor, enabling divided use. In addition, the loading dock that can accommodate 17 large trucks has eaves 11 m wide and 7 m tall, offering sufficient space for loading of large wing body trucks and enabling the bringing in and out of freight in the rain without impediment.

Press Release

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