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M-38 Hanyu

  • Saitama
  • Less than 10,000㎡
  • Single
Location 1-371-8 Kawasaki, Hanyu, Saitama
Site Area 20,988.43 m2
Total leasable area 5,919.53 m2
Structure/Floors Steel frame with alloy-plated steel roofing sheet, 2-story building
Completed October 20, 2005
Acquisition Date Nov. 18, 2005
Acquisition Price 1,705 million yen
No. of Tenants 1
Major Tenants Sagawa 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 59 59 59 59 59
Real estate leasing business expenses 17 17 17 17 15
NOI 54 54 54 54 53
Depreciation 12 12 12 12 9
Loss on Write-offs of noncurrect assets - -
Income(loss) from real estate leasing business 42 42 42 42 44
CAPEX - - 0
Book Value 1,410 1,398 1,386 1,374 1,365
Appraisal Value 1,960 2,000 1,970 1,970 1,950

Location Profile

The property is situated in the Hanyu Shimokawasaki Industrial Park, approximately 7km from the Hanyu Interchange of the Tohoku Expressway and roughly 200m from National Route 122. In recent years, the Hanyu/Kazo district where the property is located has drawn attention as a distribution base due to its convenient coverage of the Tokyo metropolitan and Tohoku areas via the Tohoku Expressway.

Facility Profile

The property is a model delivery base that was newly established along with the integration of bases in the northern Saitama area. The facility was designed to improve efficiency and reduce costs in handling cargo through truck berths along three sides of the building, column spacing of 24m, a large parking area and a bright and comfortable indoor working environment. In addition, much attention was paid to ensuring safety and reducing workloads in the design of the facility.

Press Release


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