NIPPON REIT Investment Corporation

Securities code:3296

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A-57 Sannomiya First Building

Location 3-2-11, Isobedori, Chuo-ku, Kobe, Hyogo
Access Approximately a 6-minute walk southward from the Kobe-Sannomiya station on the Hanshin Electric Railway Main line, a 3-minute walk from the Boeki Center station on the Kobe New Transit port island line
Site area 819.73㎡
Total floor space 5,019.79㎡
Structure/Floors Steel structure with flat roof,9F
Completion November 1993
Acquisition date September 28, 2017

Location Characteristics

The Sannomiya zone where the subject property is located extends between the railroads of Sannomiya station on the JR Kobe line and Kobe-Sannomiya station on the Hankyu Railway Kobe line as the northernmost and the Kaigandori street as the southernmost, many office buildings are accumulated mainly in the southern area of the Sannomiya station and along the Flower Road street and main street in the KyuKoryuchi. The property is a 6-minute walk southward from the Kobe-Sannomiya station on the Hanshin Electric Railway Main line, a 3-minute walk from the Boeki Center station on the Kobe New Transit port island line, and located in the area where buildings of many types such as office buildings, home electronics mass retail stores and tower condominiums are mixed.

Property Features

Sannomiya First Building is categorized as a small- and mid-sized building as it has a total floor space of approximately 1,500 tsubos and the standard floor space of approximately 140 tsubos. As many buildings located in the Sannomiya zone are small- and mid-sized buildings with the total floor space of around 2,000 tsubos, the size and building age of the property has standard level of competitiveness. The leasing areas are unregularly shaped but should have a high competing power as they have no pillars and can be divided into several small spaces around 20 tsubos and equipped with a standard level of facilities and specifications which can meet tenant needs. Given the fact that new supply of office buildings in the zone is limited, the property has a certain competitiveness as its building conditions are in a favorable state as it underwent the renovation works including entrance hall and common areas and is equipped with a spacy refreshment room.

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