1. TOP
  2. Portfolio
  3. M-29 Urayasu Chidori III

M-29 Urayasu Chidori III

  • Chiba
  • Less than 10,000㎡
  • Single
Location 15-19 Chidori, Urayasu, Chiba
Site Area 4,322.32 m2
Total leasable area 5,314.80 m2
Structure/Floors Steel-frame, steel-reinforced concrete structure, galvanized steel sheet roof, 4-story building
Completed December 18, 1998
Acquisition Date Sep. 11, 2015
Acquisition Price 1,053 million yen
No. of Tenants 1
Major Tenants Not disclosed*
* Not disclosed, for unable to obtain the tenant’s consent.

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 31 36 34 35 19
Depreciation 4 5 5 5 5
Loss on Write-offs of noncurrect assets 0 0 0
Income(loss) from real estate leasing business 26 31 28 29 13
CAPEX 4 1 5
Book Value 1,063 1,058 1,056 1,052 1,051
Appraisal Value 1,390 1,410 1,410 1,440 1,440
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The property is suitable for both consumer logistics for the Tokyo metropolitan area and import logistics using Tokyo Port (Oi Pier) that is located roughly 20 km from the property. The Urayasu area is a leading wide-area distribution base in Chiba prefecture for the entire Tokyo metropolitan area.

Situated approximately 2.5 km from the Mihama Interchange of the Metropolitan Expressway Bay Shore Route and Route 357, which runs parallel to the Bay Shore Route, the location is highly rated as a logistics base for consumer goods that is adjacent to a large consumption area of the Tokyo metropolitan area.

Since the property is located in one of the main areas in Chiba prefecture where large-scale logistics facilities are concentrated, there is no concern of claims from residents, enabling 24-hour operations on a long-term basis.

Although the property is not within walking distance to the nearest station, Urayasu city is an area where many people commute by cars and buses, which makes it relatively easy to secure labor.

Facility Profile

This facility is a highly versatile three-story boxed-type logistics facility with sufficient specifications such as an effective column interval of approximately 9 to 10 meters, an effective ceiling height of 5.1 m or higher, and a standard floor load of 1.2 t/m2 (1.5 t/m2 for the first floor).

Elevated berths and vertical transport equipment enable efficient inflow, outflow, internal flow and storage of goods, as well as meeting a wide-range of tenant needs.

Press Release


Back to Top