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T-10 Kasugai

  • Aichi
  • over 10,000㎡ Less than 30,000㎡
  • Single
Location 5-1-3 Takamoridai, Kasugai, Aichi
Site Area 15,767.90 m2
Total leasable area 20,544.26 m2
Structure/Floors Steel frame with alloy-plated steel roofing sheet, 4 stories
Completed April 17, 2017
Acquisition Date Apr. 23, 2015
Acquisition Price 3,500 million yen
No. of Tenants 1
Major Tenants SETTSU WAREHOUSE Co., Ltd.
* The Property was acquired as land with a fixed-term leasehold on April 1, 2015 and JLF acquired the building on August 1, 2017.
The acquisition price indicates the sum of the price on April 1, 2015 and August 1, 2017.

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 24 5 -2 -2 128
Depreciation - 35
Loss on Write-offs of noncurrect assets - -
Income(loss) from real estate leasing business 24 5 -2 -2 93
CAPEX - -
Book Value 877 877 877 877 3,621
Appraisal Value 1,050 1,110 1,120 1,200 4,670
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The Property locates in Kasugai area, which is within 20 km from the center of Nagoya and a part of the commuter belt of Nagoya after developments of large-scale housing estates such as Kozoji New Town in the eastern part of the area. The city of Kasugai and the industrial parks in the surrounding suburbs have a relatively high concentration of logistic facilities, and the location is highly rated for its good access not only to Nagoya, a major consumption area, but also to manufacturers within the Chubu region. The Property is ideally located as a wide-range distribution center due to its excellent access in multiple directions, as it is located 6.6 km from Kasugai interchange, approximately 9 km from the Komaki-higashi interchange of the Chuo Expressway and roughly 3 km from National Route 19 (Kasugai bypass), a major roadway. The property also enjoys extremely high scarcity value from the perspective of BCP (business continuity planning). In addition to the fact that the Property locates inside Kozoji New Town enables good access to local labor market, the Property’s location is also well suited to the operation of a logistics center as it is designed as a facility inducing district (Note) of the Takamoridai district planning pursuant to bylaws of the city of Kasugai, which restricts the construction of housing-related facilities.
(Note) A district that promotes the establishment of research and production facilities (urban industries, etc.) that do not pose pollution risks to the surrounding area.

Facility Profile

・ A four-stories logistics facility with a high level of versatility serving multiple tenants with standard facility specifications including an effective inter-column gap of at least 10 meters, an effective ceiling height of 5.5 meters and a floor withstand load of 1.5 tons/m2.
・ Equipped with a slope that allows large trucks to reach the second floor directly, and with truck berths on the first and second floors that enable the facility to be leased as two separate units, one of which consists of the first and third floors and the other of the second and fourth floors.
・ Designed to have a number of vertical cargo handling devices, specifically two cargo elevators and six vertical conveyors, to ensure work efficiency and storage capacity and to respond to a wide range of tenants’ needs.
・ Providing a sufficient number of parking spaces (for 90 vehicles), office spaces and two passenger elevators in consideration of the work environment of tenants.

Press Release

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