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M-2 Urayasu

  • Chiba
  • Less than 10,000㎡
  • Multi
Location 79 Minato, Urayasu, Chiba
Site Area 19,136.00 m2
Total leasable area 9,543.72 m2
Structure/Floors (1)Steel-frame structure, galvanized steel sheet roof, 1-story building
(2)Steel-frame structure, galvanized steel sheet roof, 1-story building (warehouse); Steel-frame structure, flat roof, 2-story building (office)
Completed (1) October 8, 1986 and
(2) March 31, 1994
Acquisition Date May 9, 2005
Acquisition Price 2,902 million yen
No. of Tenants 4
Major Tenants MBS Steel Products East Co., Ltd.
HASHIMOTO SOGYO  Ltd.
Abe Co., Ltd.,
Not disclosed*

Income(Loss) from Real Estate Leasing Business

(million yen)

The 24th Period The 25th Period The 26th Period The 27th Period The 28th 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 47 37 36 44 50
Depreciation 6 6 6 6 6
Loss on Write-offs of noncurrect assets - - - - 0
Income(loss) from real estate leasing business 41 31 30 38 44
CAPEX - - - - 0
Book Value 2,788 2,781 2,775 2,769 2,764
Appraisal Value 5,220 5,240 5,320 5,410 5,410
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The property is situated on Tokyo Bay, the gateway to the major commercial hub of the Tokyo metropolitan area, and is located approximately 4km from the Urayasu Interchange on the Metropolitan Expressway Wangan Route. The property occupies a large lot amid a steel complex lined with numerous steel-related warehouses, and also features easy access to Nippon Steel's Kimitsu steel works.

Facility Profile

The property is a one-story building suitable for the storage of heavy cargo. It is also equipped with an overhead traveling crane for the handling of heavy materials and goods.

Press Release

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