NIPPON REIT Investment Corporation

Securities code:3296

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A-39 Itohpia Kiyosubashidori Building

Location 1-38-9, Taito, Taito-ku, Tokyo
Access Approximately an 8-minute walk from Shin-Okachimachi Station on the Toei Subway Oedo Line and Tsukuba Express Line, approximately a 10-minute
walk from Asakusabashi Station on the JR Sobu Line and the Toei Subway Asakusa Line, and approximately an 11-minute walk from Akihabara Station on the JR Sobu Line and the Tokyo Metro Hibiya Line
Site area 550.87㎡ (Note 1)
Total floor space 3,310.05㎡
Structure/Floors Steel-framed reinforced concrete,8F
Completion March 1988
Acquisition date February 12, 2015
(Note 1)Including a private road burden portion (approximately 10.57 m2) pursuant to Article 42, Paragraph 2 of the Building Standards Act.
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Location Characteristics

Ueno/Okachimachi zone is formed around major trunk roads including Showa-Dori and Kiyosubashi-Dori streets running from north to south and Asakusa-Dori, Kasuga-Dori and Kuramaebashi-Dori running from east to west. As for public transport, aside from Ueno Station where various JR and
subway lines are available and is a terminal station where even Shinkansen stops, there are Ueno-Hirokoji and Inaricho stations on the Tokyo Metro Ginza Line, Naka-Okachimachi Station on the Tokyo Metro Hibiya Line and Shin-Okachimachi Station on the Toei Subway Oedo Line. Its feature as a hub is strong from the fact that multiple train routes are available. Therefore, there are many businesses that establish sales offices for covering the eastern part of Tokyo in the zone, favoring Ueno’s feature as a hub.

Property Features

Itohpia Kiyosubashidori Building is approximately an 8-minute walk from Shin-Okachimachi Station on the Toei Subway Oedo Line and Tsukuba Express Line, approximately a 10-minute walk from Asakusabashi Station on the JR Sobu Line and the Toei Subway Asakusa Line, and approximately an 11-minute walk from Akihabara Station on the JR Sobu Line and the Tokyo Metro Hibiya Line and is along Kiyosubashi-Dori street.
The Property’s surrounding area has a mix of office buildings and condominiums. Although its office building concentration level is low, the building faces the main street and its visibility is favorable.
The building is equipped with standard specifications that meet tenant needs. It has a parking lot of 32 units (mechanical) that are sufficient compared to its building size. In this regard, the building is expected to be evaluated highly mainly from tenants who prioritize car usage.

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