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M-12 Yokohama Fukuura

  • Kanagawa
  • Over 30,000㎡
  • Multi
Location 2-3-1 Fukuura, Kanazawa-ku, Yokohama, Kanagawa
Site Area 20,080.79 m2
Total leasable area 40,160.35 m2
Structure/Floors Steel-frame reinforced concrete and steel-frame construction with alloy coating, galvanized steel sheet roof, 6 stories
Completed February 25, 2007
Acquisition Date Sep. 13, 2007
Acquisition Price 9,800 million yen
No. of Tenants 3
Major Tenants Sagawa Express Co., Ltd.
Terrada Warehouse Company
Nippon Express Co., Ltd.

Income(Loss) from Real Estate Leasing Business

(million yen)

The 25th Period The 26th Period The 27th Period The 28th Period The 29th 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 288 286 284 278 287
Depreciation 77 77 78 78 78
Loss on Write-offs of noncurrect assets 0 1 0
Income(loss) from real estate leasing business 210 206 205 199 208
CAPEX 0 32 0 7 1
Book Value 8,175 8,129 8,050 7,980 7,902
Appraisal Value 11,600 11,800 12,100 12,100 12,100
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

Situated roughly 15km south of the major commercial hub of central Yokohama, the property is located in an area wellsuited to consumer logistics as well as import and export logistics via Yokohama Port. Demand from manufacturing companies can also be expected due to the property's location within the site of the Kanazawa Industrial Park, which contains a number of manufacturing businesses.
The property enjoys superb road access, roughly 1km from the Sachiura Interchange and 2km from the Namiki Interchange on the Metropolitan Expressway Wangan Line, and its coverage of both Tokyo and Yokohama provides a significant competitive edge. The property also has excellent access as a logistics hub, situated roughly 18km from Yokohama Port and 21km from the freight station of Yokohama-Hazawa Station, and boasts excellent commuting convenience, located within walking distance of Fukuura Station on the Yokohama New Transit Seaside Line.

Facility Profile

Newly constructed following the consolidation of the Kanagawa area centers of Sagawa Express Co., Ltd., the first floor of the property serves as a collection and delivery facility for Sagawa Express' Kanagawa operations. The upper levels of the facility, which are accessible via ramps from directly accessible truck berths on the second story, feature a structure that enables leasing in three separate areas, depending on tenants' needs. The property is a multi-purpose logistics facility that effectively combines the unique attributes of the first floor, which responds to specific tenant needs, and the general-purpose upper levels.
The property is equipped with a standard ceiling height of 7.2m, a standard floor load of 1.5t/m2, three passenger elevators, six freight elevators and two vertical conveyors.

Press Release


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