BYGS Shinjuku Bldg.

A-12 Tokyo CBDs Office Large Outside

An office building connecting directly to Shinjuku-sanchome subway station

This building is located in an area near the east exit of Shinjuku Station with a high concentration of commercial facilities, where there is high demand for real estate for opening stores and restaurants.
The building occupies an exceedingly advantageous location within this area, connecting directly to a concourse with access to Shinjuku-sanchome subway station, which serves three lines--the Marunouchi Line, Fukutoshin Line, and Toei Shinjuku Line. It is amply equipped in terms of facilities as well, following renovation of the common areas and conversion to individual air-conditioning; another benefit is the parking tower capable of accommodating up to 80 vehicles.
These features make it highly appealing to tenants, and the current occupants include the head office and flagship store of a furniture and interior goods sales company.
It is also environmentally friendly, with DBJ Green Building Certification recognizing it as a building with "high environmental and social awareness."

Access Map

Related Press Releases

Notice Concerning Execution of a Purchase Agreement in Connection with the Acquisiton of the BYGS Shinjuku Building
Notice Concerning Acquisition of the BYGS Shinjuku Building
Notice Concerning in Ownership of the BYGS Shinjuku Building
Notice Concerning Property Acquisition "BYGS Shinjuku Bldg. (additional ownership)"

Property Overview

Address Shinjuku-ku, Tokyo19-1 Shinjuku 2 Chome
Structure/Floors SRC  B2/14F Acquisition Price (million yen) 15,121
Total Floor Space (m2) 25,733.10 Leasable Space (m2) 15,227.80
Completed 1985-4 Standard Floor Space (m2) 911.60
Acquisition Date November 9, 2004
April 12, 2005
July 13, 2010
No. of Tenants 25
Related website
  • (Note1) The abbreviations of the “Structure/Floors represent the following, respectively:
  • S: steel-framed RC: reinforced concrete SRC: steel-framed, reinforced concrete
  • (Note2) The acquisition price indicates the transfer price stated in the real estate transaction agreement or trust beneficiary transfer agreement, rounded down to the nearest million yen, and excludes various expenses required for the acquisition of the relevant real estate, etc. and consumption tax, etc.
  • (Note3) The “Total Floor Space” indicates the area of the entire building (including the interests owned by other sectional owners or co-owners) based on the registry.
  • (Note4) The “Leasable Space” indicates the area of the portions owned by JPR.

Floor Plan (Japanese)

Management Status

29th 30th 31st 32nd
Rental Revenues (million yen) 551 557 549 585
Rental Expenses (million yen) 194 224 188 199
NOI from Leasing (million yen) 357 332 361 386
Depreciation (million yen) 53 54 57 58
Rental Income (million yen) 303 277 303 327
Capital Expenditures (million yen) 4 78 22 43
Period-End Occupancy Rate (%) 99.5 98.1 99.5 99.5
NOI Yield (%) 4.7 4.4 4.8 5.1
NOI Yield after Depreciation (%) 4.0 3.6 4.0 4.3
Appraisal Value (million yen) 15,500 16,200 17,800 19,000
Gain or Loss from Valuation (million yen) 25 701 2,337 3,552
Cap Rate (%) 4.0 4.1 3.8 3.7
  • (Note1) Period-end occupancy rate = Leased space/Leasable space
  • (Note2) Annualized NOI yield = (Rent revenue - Realestate expenses related to rent business) + Depreciation/Acquisition price
  • (Note3) Annualized NOI yield(after depreciation) = (Rent revenue - Realestate expenses related to rent business)/Acquisition price
  • (Note4) Unrealized gains or losses = Appraisal value - Book value
  • (Note5) Cap rate indicates the capitalization rate by the direct capitalization method. Direct capitalization method is one of the methods to calculate the value estimated by income approach (a method to estimate the value of the target property by calculating the sum total of present value of the net operating income which the target property is expected to generate in the future), and capitalizes the net operating income of a certain period by using the capitalization rate.
  • (Note6) The amounts and areas are rounded down to the nearest specified unit, and the percentages and other figures are rounded off to the nearest specified unit.

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