Rokubancho Building

A-17 Tokyo CBDs Office Medium-size Outside

A building in the quiet Bancho area popular with foreign-affiliated companies

Bancho is an area that has maintained a peaceful atmosphere and is next to Nagatacho and Akasaka, neighborhoods that are very popular with foreign-affiliated companies for whom the surrounding environment is especially important. In addition to a highly convenient location just a 4-minute walk from JR Ichigaya Station, it is a block away from the main street, so the atmosphere is quieter than other parts of the area.
The building is occupied by the Japanese branch of a Spanish governmental organization devoted to promoting that country's language and culture, which is an excellent fit for location/neighborhood.

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Related Press Releases

Notice Concerning Property Acquisiton (Conclusion of Contract) "Rokubancho Building"

Property Overview

Address Chiyoda-ku, Tokyo2-9 Rokubancho
Structure/Floors SRC  B3/7F Acquisition Price (million yen) 2,800
Total Floor Space (m2) 4,205.09 Leasable Space (m2) 2,488.36
Completed 1991-10 Standard Floor Space (m2) 361.47
Acquisition Date December 2, 2009 No. of Tenants 1
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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

30th 31st 32nd 33rd
Rental Revenues (million yen) - - - -
Rental Expenses (million yen) - - - -
NOI from Leasing (million yen) 118 114 91 96
Depreciation (million yen) 8 8 9 9
Rental Income (million yen) 109 106 82 86
Capital Expenditures (million yen) 3 2 9 4
Period-End Occupancy Rate (%) 100.0 100.0 100.0 100.0
NOI Yield (%) 8.4 8.3 6.5 6.9
NOI Yield after Depreciation (%) 7.8 7.6 5.9 6.3
Appraisal Value (million yen) 3,360 3,400 3,410 3,440
Gain or Loss from Valuation (million yen) 517 563 573 608
Cap Rate (%) 4.6 5.2 5.2 5.1
  • (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.
  • (Note7)Due to unavoidable circumstances, the sum total of rental revenues and the sum total of rental expenses, etc. of the property are not disclosed.

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