Shinjuku Center Building
Japan’s first high-rise office building equipped with long-period ground motion earthquake-proofing
Featuring a dignified brick exterior, this landmark 54-storey office building is located close to Shinjuku Station within the cluster of high-rise buildings in Nishi-Shinjuku.
It occupies a location that is conveniently connected to the West Exit of Shinjuku Station--the world's busiest transportation terminal, used by approximately 3.6 million passengers per day--by an underground corridor, so it can be accessed without getting wet on rainy days. It has over 600 tsubos of space per floor with flexible layout thanks to its column-free space. Thanks to the many financial institutions and restaurants occupying the commercial area on the lower floors, it is highly convenient. From an energy-saving perspective, environmental measures such as the use of LED lighting are being actively implemented.
What's more, it is a pioneer in its category, having become the first existing high-rise building in Japan to adopt long-period ground motion earthquake-proofing in 2008. This enabled it to reduce vibrations by 22% during the Great East Japan Earthquake, earning it a reputation as a building with high safety standards.
Housing the head offices of many large corporations as well as being in high demand among various tenants such as IT, manufacturing, service, and other companies, it maintains a stable occupancy level.
Routes from Nearby Stations
Click the station names below and you can see the route from the relevant station to the property.
Related Press Releases
|Address||Shinjuku-ku, Tokyo25-1 Nishishinjuku 1 Chome|
|Structure/Floors||SRC, RC, S B5/54F||Acquisition Price (million yen)||21,000|
|Total Floor Space (m2)||176,607.89||Leasable Space (m2)||8,865.71|
|Completed||1979-10||Standard Floor Space (m2)||2,056.37|
|Acquisition Date||March 27, 2008||No. of Tenants||34|
- (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.
- (Note5)As of Dec. 2018, the "Leasable space" was changed from 8863.98 to 8865.71
Floor Plan (Japanese)
|Rental Revenues (million yen)||482||494||501||509|
|Rental Expenses (million yen)||141||148||144||157|
|NOI from Leasing (million yen)||341||345||357||351|
|Depreciation (million yen)||56||57||59||61|
|Rental Income (million yen)||284||287||298||290|
|Capital Expenditures (million yen)||10||65||32||92|
|Period-End Occupancy Rate (%)||94.1||96.4||97.3||97.4|
|NOI Yield (%)||3.3||3.3||3.4||3.3|
|NOI Yield after Depreciation (%)||2.7||2.7||2.9||2.7|
|Appraisal Value (million yen)||15,000||15,800||15,800||16,600|
|Gain or Loss from Valuation (million yen)||-7,171||-6,379||-6,352||-5,583|
|Cap Rate (%)||3.6||3.5||3.5||3.4|
- (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.