NIPPON REIT Investment Corporation

Securities code:3296

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A-20 FORECAST Uchikanda

Location 1-3-3, Uchikanda, Chiyoda-ku, Tokyo
Access approximately a 4-minute walk from Otemachi Station on several Tokyo Metro Lines and the Toei Subway Line
Site area 388.88㎡
Total floor space 2,051.61㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,B1/8F
Completion December 1976
Acquisition date February 12, 2015

Location Characteristics

The Uchi-Kanda/Kanda-Sudacho zone is situated around Kanda Station. The zone boasts relatively superior access convenience as several train routes are available including JR lines, Tokyo Metro Marunouchi and Ginza lines and the Toei Subway Shinjuku Line. The concerned zone is positioned as a submarket adjacent to office areas in central Tokyo. There are many cases where the buildings in the zone absorb cost-cutting demand, due to the high access convenience and discounted rents, backed by demand for the zone due to the location being close to major office areas. Therefore, tenants are not concentrated in a certain business type, and tenants in a wide range of businesses are present.

Property Features

FORECAST Uchikanda is approximately a 4-minute walk from Otemachi Station on several Tokyo Metro Lines and the Toei Subway Lines. Within the Uchi-Kanda/Kanda-Sudacho zone, the Property’s location is in proximity to Marunouchi/Otemachi area, the central office area. In addition, several stations/train routes such as Otemachi and Kanda stations are available, so it has excellent accessibility to Marunouchi/Otemachi area and other office areas as well. Therefore, its locational conditions have high solicitation power in terms of access convenience. However, the area is a bit less recognized as a business concentrated area compared to the adjacent Otemachi area, as many of the buildings in the surroundings are old small- and mid-sized office buildings and the number of superior buildings in stock boasting high absorption power over demand are limited.
Floors are regularly shaped and have no pillars.
The building is equipped with a standard level of specifications although it is around 38 years old and satisfies new earthquake resistance standards.

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