Across Shinkawa Bldg. Annex

A-13 Tokyo CBDs Office Medium-size Outside

An office with an imposing exterior and exceptional flexibility

Situated a 5-minutes walk from Kayabacho subway station, this building is near the Tokyo Stock Exchange in an area whose streets are lined with medium- and large-scale office buildings and commercial facilities.
Its imposing granite exterior is eye-catching, and it features plenty of open space thanks to the use of a design approach that integrates it with the adjacent Across Shinkawa Building. With many windows, the office areas are brightly lit and each floor has over 100 tsubos of space that can be divided up, offering exceptional flexibility.
Within the area, there is steady demand from tenants of all sizes for whom access to central Tokyo is a priority, so the building continues to maintain a high occupancy level.

Access Map

Related Press Releases

2004.11.25
Notice Concerning Acquisition of the Across Shinkawa Building Annex

Property Overview

Address Chuo-ku, Tokyo16-14 Shinkawa 1 Chome
Structure/Floors S,SRC  B2/10F Acquisition Price (million yen) 710
Total Floor Space (m2) 5,535.90 Leasable Space (m2) 1,253.39
Completed 1994-6 Standard Floor Space (m2) 356.20
Acquisition Date November 26, 2004 No. of Tenants 4
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  • (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

28th 29th 30th 31st
Rental Revenues (million yen) 36 36 37 36
Rental Expenses (million yen) 14 13 14 13
NOI from Leasing (million yen) 22 23 22 23
Depreciation (million yen) 5 5 5 5
Rental Income (million yen) 17 17 17 17
Capital Expenditures (million yen) 7 0 0 17
Period-End Occupancy Rate (%) 100.0 100.0 100.0 100.0
NOI Yield (%) 6.4 6.5 6.3 6.6
NOI Yield after Depreciation (%) 4.8 4.9 4.8 5.0
Appraisal Value (million yen) 841 861 861 875
Gain or Loss from Valuation (million yen) 236 261 267 165
Cap Rate (%) 5.0 4.9 5.0 4.7
  • (Note1) Period-end occupancy rate = Leased space/Leasable space
  • (Note2) NOI yield = (Rent revenue - Realestate expenses related to rent business) + Depreciation/Acquisition price
  • (Note3) 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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