NIPPON REIT Investment Corporation

Securities code:3296

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A-59 Yusen Higashi-Nihombashi Ekimae Building

Location 3-7-19, Higashi-nihombashi, Chuo-ku, Tokyo
Access Approximately a minute walk from Higashi-Nihombashi Station on the Toei Subway Asakusa Line and Bakuroyokoyama Station on the Toei Subway Shinjuku Line
Site area 276.22㎡
Total floor space 1,879.72㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,9F
Completion February 2001
Acquisition date July 3, 2018

Location Characteristics

The “Horidomecho/Higashi-Nihombashi area" where the property is located is accessible to
Kodemmacho Station on the Tokyo Metro Hibiya Line, Bakuroyokoyama Station on the Toei
Subway Shinjuku Line, Bakurocho Station on the JR Sobu Line and Higashi-Nihombashi
Station on the Toei Subway Asakusa Line and multiple other train routes and stations are
accessible. The area is considered to be convenient because it has direct access to the terminal stations in central Tokyo including Tokyo, Shinjuku and Nihombashi stations, etc. As for office buildings, the area consists mainly of medium- to small-sized offices including company-owned uildings. The area has a mix of office buildings and condominiums. The supply of rental condominiums is recent, while many office buildings were supplied during the bubble economy period. The property is located at approximately a minute walk from Higashi-Nihombashi Station on the Toei Subway Asakusa Line and Bakuroyokoyama Station on the Toei Subway Shinjuku Line and it is considered to be close to the nearest station. In addition, its location also has a competitive edge in the area as it is located at the Kiyosubashi Dori Street and Kiyosugi Dori Street intersection and highly visible.

Property Features

The property has a total floor space of around 600 tsubo and a standard floor area of 60 tsubo, so it is categorized as a small-sized building. The size of the property is considered to be in the volume zone (zone with the largest distribution) as many of office buildings located in the “Horidomecho/Higashi-Nihombashi area” are small-sized buildings less than 1,000 tsubo. Furthermore, it is expected to be competitive because it is newer than other buildings in the volume zone.

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