NIPPON REIT Investment Corporation

Securities code:3296

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A-47 Kanda Ocean Building

Location 1-15-2 Uchikanda, Chiyoda-ku, Tokyo
Access Approximately a5-minute walk from JR Kanda Station, and Approximately a 6-minute walk from Otemchi station on several Tokyo Metro Lines and the Toei Subway Line
Site area 407.48㎡
Total floor space 1,911.85㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,B1/6F
Completion January 1990
Acquisition date July 2, 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 the JR lines, the 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. Kanda Ocean Building is a 5-minute walk from the Kanda Station on the JR Line and a 6-minute walk from the Otemachi Station on the Tokyo Metro Chiyoda Line, the location can be evaluated to have a certain level of convenience as several stations are available within walking distance.

Property Features

As many buildings located in the Uchi-Kanda/Kanda-Sudacho zone are small-sized buildings with less than 1,000 tsubos of total floor space, the size of Kanda Ocean Building is equivalent to that of buildings in the volume zone (zone with largest distribution). As the building age is equivalent to that of buildings in the volume zone, the building has standard competitive advantages. The building is equipped with a standard level of facilities and specifications which can meet the tenants’ needs.

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