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M-3 Hiratsuka

  • Kanagawa
  • over 10,000㎡ Less than 30,000㎡
  • Single
Location 1-4 Nagatoro, Hiratsuka, Kanagawa
Site Area 12,795.97 m2
Total leasable area 11,225.72 m2
Structure/Floors Steel-frame structure, galvanized steel sheet roof, 2 stories
Completed September 21, 1990
Acquisition Date May 9, 2005
Acquisition Price 1,466 million yen
No. of Tenants 1
Major Tenants Nissho Kaiun Co., Ltd.

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 52 50 50 51 50
Depreciation 10 10 10 10 9
Loss on Write-offs of noncurrect assets - - - - 0
Income(loss) from real estate leasing business 42 40 40 40 40
CAPEX 0 - - 0 2
Book Value 1,315 1,305 1,294 1,284 1,277
Appraisal Value 1,930 1,930 1,820 1,810 1,810
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

Located approximately 1km from National Route 1 and roughly 3 km from the Samukawa Minami interchange of the Ken-O Expressway, the property provides logistics functions within the Shonan area, where producer distribution and consumer distribution needs overlap considerably. The size of the property is compatible with medium-scale logistics needs within the area, and the property is easy to lease and utilize due to its ability to be segmented.

Facility Profile

The property features two stories with adequate floor load on the second floor (2 tons per m2) and no columns on the floor, enabling considerable ease of use. There are also 15m eaves and a 30m-wide truck yard in front of the property, ensuring ease of mobility on the site.

Press Release

MAP

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