NIPPON REIT Investment Corporation

Securities code:3296

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A-58 Towa Kandanishikicho Building

Location 3-4-2, Kanda-nishikicho, Chiyoda-ku, Tokyo
Access Approximately a 4-minute walk from the Ogawamachi station on the Toei Subway Shinjuku Line, an approximately 5-minute walk from the Jimbocho station on the Toei Subway Mita and Shinjuku Line and Tokyo Metro Hanzomon Line and an approximately 5-minute walk from the Takebashi station on the Tokyo Metro Tozai Line
Site area 298.44㎡
Total floor space 1,456.87㎡
Structure/Floors Steel-framed・Steel-framed reinforced concrete with flat roof,B1/6F
Completion August 1992
Acquisition date July 3, 2018

Location Characteristics

Accessible to “Kanda-jimbocho/Kanda-ogawamachi area” is rated high as 6 stations are accessible on 7 lines, the JR Chuo and Sobu Line, Tokyo Metro Marunouchi, Chiyoda and Hanzomon Line, and Toei Subway Shinjuku and Mita Line. Furthermore the south side of the area is contiguous to the “Marunouchi/Otemachi/Yurakucho area” which is one of the main office areas in Japan. The property is ompetitive because of reasonable rent in the “Marunouchi/Otemachi/Yurakucho area”. The area attracts major enterprises as well as many small-to-medium-sized enterprises in a wide range of industries based on onvenient access and relatively reasonable rent though it is located in Chiyoda ward. The property is an approximately 4-minute walk from the Ogawamachi station on the Toei Subway Shinjuku Line, an approximately 5-minute walk from the Jimbocho station on the Toei Subway Mita and Shinjuku Line and Tokyo Metro Hanzomon Line and an approximately 5-minute walk from the Takebashi station on the Tokyo Metro Tozai Line. It is conveniently located and has certain visibility with three way passage although located behind a main street. In addition, development of large-sized complex building of office with retail space and a multi-purpose hall with B1 to 21F (scheduled construction completion: March 2020) is ongoing on the site of the previous Tokyo Denki University Kanda Campus and Kanda Police Office. Further development of office and retail will be expected in the area.

Property Features

The property is a small-sized building with total floor space of approximately 442 tsubo and standard floor space of approximately 61 tsubo. The size of the building is average in the area. The property has relatively high competitiveness because relatively older buildings with old earthquake-resistance standards are often found in the area. Furthermore, the property is equipped with standard specifications that meet tenants’ needs.

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