NIPPON REIT Investment Corporation

Securities code:3296

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B-22 Wald Park Minamioi

Location 6-20-16, Minamioi, Shinagawa-ku, Tokyo
Access Approximately a 4-minute walk from JR Omori Station
Site area 168.92㎡
Total floor space 799.08㎡
Structure/Floors Reinforced concrete structure/flat roof, 10F
Completion February 2005
Acquisition date January 31, 2019

Location Characteristics

The area around Omori Station, the nearest station to the subject property, is a highly convenient and mature urban area, featuring a number of commercial facilities such as “atre Omori” and “Tokyu Store” as well as the aforementioned “Omori Bellport” and “Ito-Yokado Omori.” Although the property is somewhat small in size, it is located in a corner spot that offers high visibility.

Surrounding Environment and Property Features

All housing units of the property are one-room type of about 25 ~ 30 ㎡, and the size of unit is standard as one-room type of rental apartment. Although the building is somewhat old, it is properly maintained and managed through efforts such as large-scale repair works. In addition, it demonstrates a certain level of competitiveness even in the subject area due to the favorable tenant occupancy rate, among other factors.

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