NIPPON REIT Investment Corporation

Securities code:3296

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B-19 ZEPHYROS Minami-horie

Location 1-16-16, Minami-horie, Nishi-ku, Osaka, Osaka
Access Approximately a 5-minute walk from Yotsubashi Station and Namba Station on the Osaka Metro Yotsubashi Line
Site area 576.42㎡
Total floor space 3,114.33㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,14F
Completion March 2002
Acquisition date July 3, 2018

Location Characteristics

The property is located in the “Horie area”. There is a concentration of clothing stores, boutique shops and variety stores, especially along the Tachibana dori street (Orange Street) which is the main street in the “Horie area” and crowded with shoppers on holidays. Recently, the supply of rental condominiums and for-sale condominiums are observed between these retail buildings and the area is under the circumstance that residential use stands out. The surrounding area is approximately a 5-minute walk from Yotsubashi Station and Namba Station on the Osaka Metro Yotsubashi Line. The area boasts convenient access as it is walking distance from Minami Area which is the commercial district in Osaka, has proximity to central business district and commercial district in Kita Ward and Chuo Ward and accessibility to central Osaka. Demand from single office workers that value lifestyle and convenient access and corporations for employee housing can be expected in the same demand/supply area because of the characteristics of the area and the rent rivals many of the recently constructed condominiums and remains stable.

Surrounding Environment and Property Features

The property is a standard level of rental condominium in the area in terms of location including proximity to the nearest station and surrounding area, building grade, building age and equipment and considered to have a standard competitiveness in the same demand/supply area.

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