Tokyo Tatemono Kyobashi Building

A-19 Tokyo CBDs Office Medium-size Sponsor

An office building occupying a prime corner location on Ginza’s Chuo-dori Street

This office building occupies a prime corner location along Ginza's Chuo-dori in the Kyobashi area, where there are now many large-scale office buildings thanks to redevelopment in recent years.
Situated a 1-minute walk from Kyobashi subway station and also close to Tokyo Station and Ginza-Itchome Station, it offers exceptional accessibility.
It underwent extensive renovations in 2013, further enhancing its competitive advantage within the area. Each floor has over 100 tsubos of space and is equipped with individual air-conditioning. The fact that there is one tenant per floor, offering greater flexibility in terms of layout (e.g., being able to set up a reception area in the elevator hall), is another attractive feature. From the upper floors, you can look right along Chuo-dori Street, while the building is highly visible from the direction of Ginza, which is another advantage.

Access Map

Related Press Releases

Notice Concerning Property Acquisition (Conclusion of Contract) "Tokyo Tatemono Kyobashi Building"
Notice Concerning Property Acquisition "Tokyo Tatemono Kyobashi Building"

Property Overview

Address Chuo-ku, Tokyo6-18 Kyobashi 3 Chome
Structure/Floors SRC, S  B1/10F Acquisition Price (million yen) 5,250
Total Floor Space (m2) 4,419.79 Leasable Space (m2) 3,551.01
Completed 1981-1 Standard Floor Space (m2) 377.02
Acquisition Date February 12, 2010 No. of Tenants 8
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

28th 29th 30th 31st
Rental Revenues (million yen) 193 204 213 192
Rental Expenses (million yen) 61 65 71 61
NOI from Leasing (million yen) 132 139 141 131
Depreciation (million yen) 13 13 13 13
Rental Income (million yen) 119 126 128 117
Capital Expenditures (million yen) 0 5 7 4
Period-End Occupancy Rate (%) 100.0 100.0 89.1 100.0
NOI Yield (%) 5.0 5.3 5.4 5.0
NOI Yield after Depreciation (%) 4.5 4.8 4.9 4.5
Appraisal Value (million yen) 5,900 5,900 5,810 5,720
Gain or Loss from Valuation (million yen) 555 563 479 470
Cap Rate (%) 4.2 4.2 4.3 4.2
  • (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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