1. TOP
  2. Portfolio
  3. M-31 ShinKiba II

M-31 ShinKiba II

  • Tokyo
  • Over 30,000㎡
  • Multi
Location 2-13-10 Shin-kiba,Koto-ku,Tokyo
Site Area 19,877.99 m2
Total leasable area 41,270.00 m2
Structure/Floors Steel frame with alloy-plated steel roofing sheet, 5-story building
Completed August 5, 2015
Acquisition Date Mar. 16, 2017
Acquisition Price 15,270 million yen
No. of Tenants 3
Major Tenants DHL Japan,Inc.
Nakano Shokai Co, Ltd.
Not disclosed*

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 320 277 276 278 385
Depreciation 84 84 84 84 84
Loss on Write-offs of noncurrect assets - - 6 0
Income(loss) from real estate leasing business 235 192 186 193 300
CAPEX - - 11 3
Book Value 15,599 15,514 15,434 15,350 15,267
Appraisal Value 17,800 17,800 17,900 18,300 18,600
* Not disclosed, for unable to obtain the tenant’s consent.

Location Profile

Shinkiba is close to central Tokyo, the largest consumption area in Japan. The location on the rare coastal area of Tokyo Bay where logistics centers are gathered provides the property extremely convenient access to Tokyo Port and Haneda Airport.

The site conveniently situates within 1.8 km of the Shinkiba Interchange of the Metropolitan Expressway Bay Shore Route. It is in an area popular with wide-area distribution centers that cover the entire Metropolitan area and with logistics centers for mail orders, e-commerce, and other services that target consumption areas.

The area is zoned as semi-industrial area where the tenants can operate for 24 hours without concerning about complaints from local residents. The site is close to Shinkiba Station of the JR Keiyo Line, the Tokyo Metro Yurakucho Line, and the Rinkai Line. People can commute by foot or bus from the station to the site that makes tenants easy for securing labor force.

Facility Profile

The Property is an extremely versatile, 5-story (4-story warehouse) large-scale multi-tenant-type logistics center. It has standard specifications with an effective column interval of 11.7m x 9.5m, an effective ceiling height of 5.5m, and a floor load capacity of 1.5 t/m2.

The lower floors (1~3 floors) are home to the center that has been developed specifically as the main center of a major logistics company. The facility specifications of the center focus on providing greater convenience for the tenant company.

On the higher floors (4~5 floors), a slope that enables trucks accessing in the truck berth on the 4th floor has been installed. This allows for the efficient loading and unloading of cargo, meeting the needs of a wide range of tenants.

Press Release


Back to Top