NIPPON REIT Investment Corporation

Securities code:3296



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A-41 I•S Minamimorimachi Building

Location 2-6-5, Higashi-Temma, Kita-ku, Osaka, Osaka
Access Approximately a minute walk from Osaka Tenmangu Station on the JR Tozai Line
Site area 796.15㎡
Total floor space 6,509.84㎡
Structure/Floors Steel-framed reinforced concrete structure with flat roof,B1/10F
Completion August 1988
Acquisition date February 12, 2015

Location Characteristics

The Minamimorimachi/Higashi-Tenma zone spreads out centered around the Minamimorimachi Station on the Osaka Municipal Subway Tanimachi and Sakaisuji lines and Osaka Tenmangu Station on the JR Tozai Line. The zone is lined with many office buildings, especially along National Highway Route
1 and Tenjinbashi-Suji Street.As for access convenience, Higashi-Umeda Station is one station away from Minamimorimachi Station and it is approximately a 3-minute ride on the Tanimachi Line. The Kita-Shinchi Station, Kobe area and Kita-Kawachi area (Higashi-Osaka City and Daito City) are also accessible using the Osaka Tenmangu Station. Thus, the area enjoys good access convenience.

Property Features

IS Minamimorimachi Building is located approximately a minute walk from Osaka Tenmangu Station on the JR Tozai Line and along National Highway Route 1.IS Minamimorimachi Building is categorized as a mid-sized building as it has a total floor space of around 2,000 tsubos and a standard floor area of around 130 tsubos. Furthermore, floors are regularly shaped and have no pillars, enabling floor splits from around 30 tsubos or more. Such points can be considered as advantages. IS Minamimorimachi Building’s size is greater than that of buildings in the volume zone (zone with largest distribution) of the Minamimorimachi/Higashi-Tenma zone as many of the office buildings located in the zone are small-sized buildings with total floor space of less than 1,000 tsubos. Thus, it is expected to be evaluated highly in terms of its size within the concerned zone. In addition, the number of young buildings is very limited in the zone as there is almost no supply of new buildings, and 21-year old IS Minamimorimachi Building is expected to be considered as a competitive building.


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