NIPPON REIT Investment Corporation

Securities code:3296

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A-66 TENSHO OCHANOMIZU BUILDING

Location 1-9-5, Kandaawaji-cho, Chiyoda-ku, Tokyo
Access Approximately a 2-minute walk from the closest station, Awajicho station on the Tokyo Mero Marunouchi Line and Ogawamachi staiton on the Toei Subway Shinjuku Line.
Site area 252.65㎡
Total floor space 1,252.89㎡
Structure/Floors Steel-framed structure with flat roof / 8F
Completion November 2018
Acquisition date February 27, 2019

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. The south side of the area adjoins to the area of Marunouchi/Otemachi/Yurakucho, which is one of the prominent office areas in Japan. Adding on this, the property has the appeal of rents that are kept at relatively low levels and the nearest to a central office district. Office demand in the area exits mainly in numerous small-to-medium-sized companies in accordance with the building stock, as well as large companies are also located there. The area is assumed to attract companies in wide range of industries by the background of factors such as the relatively high accessibility and relatively low rent levels even though located in Chiyoda ward.
The property is located a 2-minute walk from Awajicho Station on the Tokyo Metro Marunouchi Line and a 2-minute walk from Ogawamachi Station on the Toei Subway Shinjuku Line. The property is assumed to have strong appeal in terms of commuters’ convenience to the nearest train stations. The property is assumed to be highly rated for its superior accessibility to train stations on multiple lines within a few minutes walking distance.

Property Features

The property is a small-sized building with a total floor area of approximately 400 tsubo and a leasable floor area of approximately 50 tsubo. The size of the building is average in the area. The property is assumed to have high competitiveness because the latest things compared with many of the buildings found in the Kanda-jimbocho/Kanda-ogawamachi area which are relatively not renewed. Furthermore, the property is equipped with the latest standard specifications that meet tenants’ needs.

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