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M-40 Kazo

  • Saitama
  • over 10,000㎡ Less than 30,000㎡
  • Single
Location 1-2-1 Minami Shinozaki, Kazo, Saitama
Site Area 13,039.17 m2
Total leasable area 25,189.47 m2
Structure/Floors Steel-frame and steel-reinforced concrete structure with zinc coating, galvanized steel sheet roof, 5-story building
Completed March 4, 2008
Acquisition Date Mar. 10, 2009
Acquisition Price 3,790 million yen
No. of Tenants 1
Major Tenants Hitachi Transport System, 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 115 113 98 111 112
Depreciation 42 42 43 43 43
Loss on Write-offs of noncurrect assets - -
Income(loss) from real estate leasing business 72 70 55 67 68
CAPEX - - 77
Book Value 3,225 3,182 3,216 3,172 3,129
Appraisal Value 4,750 4,860 4,860 4,870 4,890
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

The site is very convenient as a delivery base covering a wide area via the Tohoku Expressway from central Tokyo to the Tohoku region. With the Ken-O Expressway also scheduled to open in the vicinity, the location is gaining attention as a leading logistics base in Saitama Prefecture. In addition to favorable road access, situated roughly 2km from the Kazo Interchange on the Tohoku Expressway and 1km from National Route 122, demand for logistics from manufacturers can be expected due to the presence of industrial parks in neighboring Kuki City, Kisai Town and Hanyu City.
Due to its location within an industrial park, the facility can be run around the clock. The site also features the ready availability of local labor resources due to its location within walking distance of a residential area. The site is thus ideally suited as a location for logistics operations.

Facility Profile

The property features general-purpose building specifications currently demanded for a logistics facility, including effective 11.5m by 9.0m column spacing, a standard ceiling height from 6.2m to 6.5m, a standard floor load of 1.5 tons per m2, elevated berths that can accommodate 25 trucks, six vertical conveyors and two freight elevators, enabling rapid incoming and outgoing cargo operations. Lighting within the warehouse is also installed at a higher level than normal, enabling smooth distribution processing.

Press Release


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