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

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  3. ONEST Ueno Okachimachi Building (Okachimachi CY Building)

Portfolio

OT-15 ONEST Ueno Okachimachi Building (Okachimachi CY Building)

Address 5-15-14 Ueno, Taito-ku, Tokyo
Site Area 517.80m²
Total Floor Space 4,369.49m²
Appraisal Value ¥2,890 million
Construction /
Number of Floors
SRC
B1/9F
Completed May 1986
Acquisition Date September 2016
Type of Ownership Proprietary ownership

Characteristics of the Location

    ● This property is an office building in good location located on Showa Avenue, about one-minute walk from Naka-okachimachi Station of Tokyo Metro Hibiya Line and about two-minute walk from Okachimachi Station of JR Line.
    ● This property is located in the middle of two busy commercial areas of Ueno and Akihabara. The area is proximate to stations of JR Yamanote Line and Keihin Tohoku Line and other multiple lines and has high traffic convenience. However the rent range is reasonable relative to high traffic convenience.
    ● SIA REIT owns “CP10 building” around this area, and has been familiar with office market in the surrounding area.
    ● This property has a divided area (parcel) leasable depending on tenant’s needs with the size of approximately 330 square meters as total occupied area per floor, although many office building nearby can only provide the smaller leasing area with several 33 square meters as standard floor area. In addition, renovation of entrance on the first floor and elevator hallway has been completed in June, 2016. Thus, this property has competitiveness.

Press Release

February 28, 2019
Notice concerning Change of Property NamesPDF(77.5KB)
August 19, 2016
Notice concerning Acquisition and Leasing of AssetsPDF(567KB)

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