NIPPON REIT Investment Corporation

Securities code:3296

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A-53 Sumitomo Mitsui Bank Koraibashi Building

Location 2-1-1 Fushimi-cho, Chuo-ku Osaka, Osaka
Access Approximately a 2-minute walk from Kitahama station on the Keikyu Keihan Line and the Osaka City Subway Sakaisuji Line
Site area 1,390.44㎡
Total floor space 9,698.59㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,B2/9F
Completion March 1994
Acquisition date July 2, 2015

Location Characteristics

The Kitahama zone, in which Sumitomo Mitsui Bank Koraibashi Building is located, has Kitahama Station on the Keihan Line and the Osaka Municipal Subway Sakaisuji Line and is a region with a lineup of office building along Sakaisuji Avenue and Tosabori-Dori Street. The building is facing the western side of Sakaisuji Avenue and located one-minute walk from the South Exit of Kitahama Station. Furthermore it can also accessible from Yodoyabashi Station in several minutes by walk. Thus, it has cetain competitive advantages in terms of location.

Property Features

Sumitomo Mitsui Bank Koraibashi Building is categorized as a mid-sized building as it has a total floor space of around 3,100 tsubos and a standard floor area of around 180 tsubos. As many of the office buildings located in the zone are small-sized buildings with less than 1,000 tsubos of total floor space and as the size of Sumitomo Mitsui Bank Koraibashi Building is greater than that buildings in the volume zone (zone with largest distribution), it can be highly evaluated in terms of the size. Furthremore, although the building age is around 21-years old, the property should have relatively certain appreciation over the Kitahama zone with plenty of buildings that are built many years ago. In addition, as it underwent large-scale renovation work recently, the property should have certain competitive advantages compared to the unrenovated buildings that are the close age.

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