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M-20 Tatsumi

  • Tokyo
  • over 10,000㎡ Less than 30,000㎡
  • Single
Location 3-8-5, Tatsumi, Koto-ku, Tokyo
Site Area 9,939.01 m2
Total leasable area 29,394.56 m2
Structure/Floors Reinforced concrete, steel-framed structure w/ steel roof, 5-story building
Completed February 20, 2012
Acquisition Date Sep. 3, 2012
Acquisition Price 9,000 million yen
No. of Tenants 1
Major Tenants Nakano Shokai Co., Ltd.

Income(Loss) from Real Estate Leasing Business

(million yen)

The 23th Period The 24th Period The 25th Period The 26th 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 253 253 252 251 252
Depreciation 51 51 51 51 51
Loss on Write-offs of noncurrect assets - - -
Income(loss) from real estate leasing business 202 202 201 200 201
CAPEX - - -
Book Value 8,691 8,588 8,537 8,486 8,435
Appraisal Value 11,600 11,900 11,900 12,200 12,100
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

Tatsumi locates in Koto-Ku in Tokyo 23 wards, the largest center of consumption in Japan. Koto-ku and its surrounding bay area is the prime region as the logistics center with the excellent access to the logistics gateways such as the Port of Tokyo (Oi Terminal) and the Tokyo International Airport (Haneda). The area gains popularity as storage/delivery centers of consumer products, including imported goods, to the Tokyo Metropolitan Area. The property is about 2 km from the Ariake Junction of the Tokyo Metropolitan Expressway Bay Shore Rout that gives Tatsumi area easy access to major arterial roads. This geographical uniqueness of Tatsumi area provides wide range of coverage of the Tokyo Metropolitan Area. Furthermore, the asset’s site setting qualifies as the first class logistics center because it is in a semi-industrial area which enables the tenants to operate 24 hours, and because it is in high commutable convenience area which enables them to recruit labor relatively easy.

Facility Profile

The facility is a large-scale and versatile logistic center with effective column interval of 10.0 m, effective ceiling height of 5.5 m, and standard floor load capacity of 1.5 t/ m2, an idealistic spec. The facility was designed for multiple tenant use, and has enough office space and truck berths. In addition, the facility has 6 elevators and 2 lifts so that the tenants are able to operate effectively. The tenants can use the facility either as a warehouse (stock-use) or as a logistics center (flow-use).

Press Release


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