NIPPON REIT Investment Corporation

Securities code:3296

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A-36 Mitsui Woody Building

Location 2-4-14, Toyo, Koto-ku, Tokyo
Access Approximately a 3-minute walk from Toyocho Station on the Tokyo Metro Tozai Line
Site area 1,713.50㎡
Total floor space 6,341.82㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,B1/6F
Completion March 1990
Acquisition date February 12, 2015

Location Characteristics

The Toyocho zone where Mitsui Woody Building is located is an area formed centering on the Toyocho and Kiba stations of the Tokyo Metro Tozai Line. The concerned zone is a relatively emerging office area and the level of office building concentration cannot be considered to be high in Tokyo. However, due to its good access to central Tokyo such as by the Tokyo Metro Tozai Line, which is superior in convenience as a train route to business districts, being available, it has locational conditions which tend to exert solicitation power on demand for back-office functions of financial, IT and other companies depending on the rents. Moreover, there is also demand for establishing branch offices that supervise the eastern part of Tokyo.

Property Features

Mitsui Woody Building is located approximately a 3-minute walk from Toyocho Station on the Tokyo Metro Tozai Line. Although it is slightly inferior in terms of visibility as it is slightly removed from neighboring main streets, its close proximity to the nearest station can be recognized to have value.
As for the surrounding environment, it is in a quiet atmosphere having a mix of office buildings and condominiums. Being in close proximity to facilities that support offices (banks, restaurants, etc.) which are concentrated near the station, it can be expected to have a relatively favorable environment for tenants who set high value on the concerned zone.
Mitsui Woody Building is categorized as a mid-sized building as it has a total floor space of around 1,900 tsubos and a standard floor area of around 250 tsubos. Floors are rectangular in shape (regularly shaped) and highly versatile.
The building is equipped with standard specifications that meet tenant needs.
It has a parking lot for 45 units (flat lot) that are sufficient compared to its building size and secures convenience of a parking lot. In this regard, the building can be said to be equipped with high solicitation power over tenants who prioritize car usage.

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