Asset Management Company
Mizuho REIT Management Co., Ltd.
Sponsor
Mizuho Trust & Banking

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Portfolio

OT-5 Yokohama AP Building

Address 2-6-1 Kitasaiwai, Nishi-ku, Yokohama-shi, Kanagawa Prefecture
Site Area 1,079.27m²
Total Floor Space 5,648.65m²
Appraisal Value ¥3,790 million
Construction /
Number of Floors
RC
B1/8F
Completed May 1983
Acquisition Date October 2013
Type of Ownership Proprietary ownership

Characteristics of the Location

    ● This property is located approximately 460 m west of Yokohama Station.
    ● From Yokohama Station, a number of JR lines and private railway lines are available. Offering a connection to Shin-Yokohama Station in approximately 11 minutes and to Tokyo Station in less than 30 minutes or so, the property boasts convenient access not only within Kanagawa Prefecture but also to various locations in the Tokyo metropolitan area, and access to the Shinkansen.
    ● The property is located in an area around Yokohama Station, the largest terminal station in Kanagawa Prefecture, which has complex underground malls spreading in multiple layers both in the west and east wings of the station. It is the central district for business and commerce in Yokohama City and is also regarded as an important region in the southwest of the Tokyo metropolitan area.
    ● A number of office buildings of leading companies with business locations throughout Japan, as well as numerous companies of service-oriented chain operators and others, are located in this area. With the west side characterized mainly by the department store located in front of the station, and the east side serving as an office area, the area is defined by the coexistence of retail facilities and office buildings.
    ● In terms of rental demand, there has been active demand for office buildings from companies desiring prominent accessibility to Tokyo and Haneda Airport, and demand for branches and sales offices from large companies. There is also a demand for retail spaces near the station from tenant operators with abililty to collect customers, such as temporary staff services, culture classes, beauty salons, medical clinics, and others.

Press Release

October 10, 2013
Notice concerning Completion of Asset AcquisitionPDF(205KB)

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