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M-28 Chiba Kita II

  • Chiba
  • over 10,000㎡ Less than 30,000㎡
  • Single
Location 55-1 Naganumacho, Inage-ku, Chiba, Chiba
Site Area 22,684.43 m2
Total leasable area 25,080.00 m2
Structure/Floors Steel frame with deck roof, 4-story building
Completed March 24, 1997
Acquisition Date Sep. 11, 2015
Acquisition Price 4,608 million yen
No. of Tenants 1
Major Tenants -

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 110 131 131 131 74
Depreciation 33 39 39 39 38
Loss on Write-offs of noncurrect assets - 5
Income(loss) from real estate leasing business 77 91 91 91 30
CAPEX - 28
Book Value 4,619 4,580 4,540 4,500 4,485
Appraisal Value 5,170 5,170 5,190 5,210 5,530
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

This property is located approximately 45 km from central Tokyo, in the Chiba city area where many logistics facilities are located around the Chiba-Kita Interchange, which is the intersection of Route 16, a major national loop road, and the Higashi-Kanto Expressway.

The property enables wide-area distribution including Chiba prefecture as it features excellent access to expressways, situated approximately 1.4 km from the Chiba-Kita Interchange, and faces Route 16.

The area, with a mix of logistics facilities and houses, is considered suitable for distribution, and the development of a new logistics facility is planned nearby. The location is surrounded by a residential area, a well-established bus route network, and a large parking lot (capacity 104 cars), which makes it relatively easy to secure labor.

Facility Profile

This facility is a highly versatile three-story box-type logistics center with sufficient specifications such as an effective column interval of 11.0 m x 10.0 m, an effective ceiling height of 6.7 m or higher, and a floor load capacity of 1.0 t/m2 (1.5 t/m2 for some sections).

An L-shaped, dual-sided truck berth and spacious truck yard as well as multiple units of vertical transport equipment (2 freight elevators and 4 vertical transport devices) enable efficient inflow, outflow, internal flow and storage of goods, as well as meeting a wide-range of tenant needs.

Press Release

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