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

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R-2 Niigata Higashibori-dori Parking Building

Address 1047 Higashibori-dori 6-bancho, Chuo-ku, Niigata-shi, Niigata Prefecture
Site Area 1,167.82m²
Total Floor Space 8,687.26m²
Appraisal Value ¥611 million
Construction /
Number of Floors
S
10F
Completed March 1993
Acquisition Date October 2013
Type of Ownership Proprietary ownership

Characteristics of the Location

    ● This property is located approximately 1.9 km northwest of Niigata Station on the JR Shin-etsu Main Line.
    ● Masayakoji is a street stretching east to west on the north side of this property. The street is busy with a number of shopping and entertainment facilities, including a Mitsukoshi department store, NEXT21, a specialty store building that was built on the site of the former City Hall, and others. This area is also situated adjacent to the heart of the Furumachi area. A number of buildings for parking lots, business hotels, and others are located, complementing central Furumachi.
    ● Due to the scarcity of parking spaces in the Furumachi area, there is demand for parking facilities in neighboring areas. Higashibori-dori Avenue, facing this property, is a wide road with excellent accessibility to arterial roads to reach the western parts of Niigata City, and to the Furumachi area from the southern and eastern parts of the City via Bandai Bridge, Ryuto Ohashi Bridge, and Showa Ohashi Bridge. In addition, this is an optimal location for a car park as this street is not as busy as the major arterial roads such as Masayakoji, making it easier to enter and leave the car park. There has been solid demand for large-scale car parks similar to this property.

Press Release

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

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