Shinjuku Sanchome East Bldg.

A-4 Tokyo CBDs Retail Sponsor

A landmark commercial facility near Shinjuku Station’s East Exit

This multi-purpose commercial facility occupies an ideal location near the East Exit of Shinjuku Station, just a 1-minute walk from Shinjuku-Sanchome subway station.
The area is becoming even busier and attracting more shoppers thanks to the introduction of through-service connecting to the Tokyo Metro Fukutoshin Line and Tokyu Toyoko Line and the opening of many luxury brand stores. The building faces both Shinjuku-dori Street and Koshu-Kaido Street. The first to eighth floors house Shinjuku Marui Annex, which features a wide variety of brands, while the ninth to thirteenth floors are occupied by a cinema complex. The building therefore benefits from both excellent visibility and commercial appeal.

Access Map

Related Press Releases

2006.1.17
Notice Concerning Property Acquisition (Conclusion of Contract)
2007.3.12
Notice Concerning Acquisition of the Shinjuku Sanchome East Building
2008.3.31
Notice Concerning Property Acquisition (Conclusion of Contract)

Property Overview

Address Shinjuku-ku, Tokyo1-26 Shinjuku 3 Chome
Structure/Floors S, SRC, RC  B3/14F Acquisition Price (million yen) 2,740
Total Floor Space (m2) 24,617.65 Leasable Space (m2) 2,347.81
Completed 2007-1 Standard Floor Space (m2) 1,441.04
Acquisition Date March 14, 2007
April 24, 2008
No. of Tenants 1
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) - - - -
Rental Expenses (million yen) - - - -
NOI from Leasing (million yen) 47 47 47 47
Depreciation (million yen) 11 11 11 11
Rental Income (million yen) 36 36 36 36
Capital Expenditures (million yen) 0 0 0 0
Period-End Occupancy Rate (%) 100.0 100.0 100.0 100.0
NOI Yield (%) 3.4 3.5 3.4 3.5
NOI Yield after Depreciation (%) 2.6 2.7 2.6 2.7
Appraisal Value (million yen) 2,760 2,780 2,710 2,750
Gain or Loss from Valuation (million yen) 97 128 69 10
Cap Rate (%) 3.8 3.8 4.0 3.7
  • (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.
  • (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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