NIPPON REIT Investment Corporation

Securities code:3296

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A-35 Toshin Higashi-Ikebukuro Building

Location 5-44-15, Higashi-Ikebukuro, Toshima-ku, Tokyo
Access Approximately a 5-minute walk from Otsuka Station on the JR Yamanote Line and approximately a 4-minute walk from Shin-Otsuka Station on the Tokyo Metro Marunouchi Line
Site area 397.05㎡ (Note 1)
Total floor space 1,998.75㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,B1/7F
Completion November 1989
Acquisition date February 12, 2015
(Note 1)Including a private road burden portion (approximately 0.75 m2) pursuant to Article 42, Paragraph 2 of the Building Standards Act.
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Location Characteristics

The Toshin Higashi-Ikebukuro Building is located nearer to Otsuka, in the east side of the Ikebukuro Station East Exit zone. In this area with a strong tone of being an independent trading zone (stable demand), office buildings along Kasuga-Dori Street, where Toshin Higashi-Ikebukuro Building is located, have the characteristic of attracting demand mainly from the area due to their comparatively discounted rents. Furthermore, amidst the concerned zone where stable demand is expected, a moderate competitive climate is maintained in the surrounding area of the Toshin Higashi-Ikebukuro Building as there have been no new office buildings supplied.

Property Features

Toshin Higashi-Ikebukuro Building is approximately a 5-minute walk from Otsuka Station on the JR Yamanote Line and approximately a 4-minute walk from Shin-Otsuka Station on the Tokyo Metro Marunouchi Line and is along Kasuga-Dori street. Though it is located in the Ikebukuro Station East Exit zone, the nearest station of the JR line is Otsuka station.
Therefore, it is slightly inferior in terms of solicitation power of the location in compared to the office buildings located around Ikebukuro Station of the JR lines.
The surrounding area is constituted mainly by condominiums and office building concentration level is low, however the building faces Kasuga-Dori street and its visibility is favorable.
Toshin Higashi-Ikebukuro Building is categorized as a small-sized building as its total floor space is around 600 tsubos and a standard floor area is around 80 tsubos. Floors are regularly shaped and have no pillars, so it can be said to have flexibility in layouts and high space use efficiency.
The building is equipped with standard specifications that can meet tenant needs.
It has a parking lot for as many as 10 units (mechanical).

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