A-4 FORECAST Shinjuku AVENUE
|Location||5-12, Shinjuku 2-chome, Shinjuku-ku, Tokyo|
|Access||Approximately a three-minute walk from Shinjuku-Sanchome Station on the Tokyo Metro Marunouchi and Fukutoshin Lines and Toei Subway Shinjuku Line|
|Site area||741.00㎡ (Note 1)|
|Total floor space||5,657.17㎡|
|Structure/Floors||Steel-framed, steel-framed reinforced concrete structure/flat roof, B1/10F|
|Acquisition date||April 24, 2014|
|(Note 1)||The site area includes the private road burden portion (approximately 44.48㎡) in accordance with Article 42-2 of the Building Standards Act.|
FORECAST Shinjuku AVENUE is located in the Higashi-Shinjuku area situated to the east of Shinjuku Station, which is one of the largest terminal stations in the world. Shinjuku Station is prominent in terms of access convenience, as many railway lines are available including JR, Keio, Odakyu, Tokyo Metro and Toei Subway lines. This feature has made the area in front of the station a commercial district that is one of the largest in Japan. In particular, the sections with the address of Shinjuku 3-chome have a concentration of large-scale retail facilities including major department stores as well as a wide variety of shops, theaters and amusement facilities. Moreover, the Kabukicho area situated north across the Yasukuni-Dori street is also known as one of the largest amusement towns. As such, Shinjuku as a whole is an area having a strong retail atmosphere.
Unlike the Nishi-Shinjuku area to the west of Shinjuku Station, the Higashi-Shinjuku area has a strong retail atmosphere. Due to these characteristics, there are cases in which the area absorbs demand from a wide range of clients looking for office space that do not need to have offices in the high-rise buildings in the Nishi-Shinjuku area but value the good access convenience of Shinjuku or want to have offices along the Tokyo Metro Marunouchi Line without specifying a particular area.
FORECAST Shinjuku AVENUE is approximately a three-minute walk from Shinjuku-Sanchome Station on the Tokyo Metro Marunouchi and Fukutoshin Lines and on the Toei Subway Shinjuku Line, located along Shinjuku-Dori street and featuring good access convenience.
Completed in 2008, the building has a scarcity value in terms of newness, and its glass-covered appearance is also impressive. A high evaluation has been given to the fact that its leasing areas are highly versatile, mostly regularly shaped and have no pillars. As such, the Property should have a certain competitive edge in the area.