NIPPON REIT Investment Corporation

Securities code:3296

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A-62 Gotanda Sakura Building

Location 1-22-6, Higashi-gotanda, Shinagawa-ku, Tokyo
Access Approximately a 5-minute walk from Gotanda station on the JR Yamanote Line, Toei Subway Asakusa Line and Tokyu Ikegami Line
Site area 1,414.53㎡
Total floor space 1,677.85㎡
Structure/Floors Steel-framed・Steel-framed reinforced concrete with flat roof,B1/10F
Completion November 1993
Acquisition date July 3, 2018

Location Characteristics

The “Gotanda area” where the subject property is located is an area expanding from east to west around JR Gotanda station. It has good traffic convenience with Gotanda station on the JR Yamanote Line, Toei Subway Asakusa Line and Tokyu Ikegami Line, and Fudomae station on the Tokyu Meguro Line in the area. Office building along the Tokyo Prefectural Road Route 317, especially small-to-medium-sized building and low retail stores concentrate in the east side of the station, where various tenant demand can be expected. It has an excellent visibility as it faces a main road and has good traffic access as it is located within an approximately 5-minute walk from Gotanda station on the JR Yamanote Line, Toei Subway Asakusa Line and Tokyu Ikegami Line. While demand is tight as vacancy rate in the area is less than 1%, target tenants are IT-related companies and service industries. New demand can be expected to inflow from demolition of small-to-medium-sized buildings in the “Shibuya/Ebisu area” due to low vacancy, rent increase, and redevelopment.

Property Features

The property is categorized as a small-sized building as it has a total floor space of approximately 450 tsubo and a standard floor space of approximately 50 tsubo. As many small-sized buildings in the “Gotanda area” have a total floor space of less than 1,000 tsubo, the property is considered to be standard-sized and standard level in terms of building age and competitiveness. The property is equipped with standard level of specifications which can meet tenants’ needs.

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