Tokyo Tatemono Honmachi Bldg.

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An office building on Honmachi-dori Street in Osaka’s business district

This building is located in a historic business district that serves as a base for many major companies and has a high concentration of financial institutions and corporate offices.
The strengths of the building are its highly advantageous position facing Honmachi-dori Street, which runs east-west through central Osaka, and the ample space it provides, with approximately 300 tsubos per floor.

Access Map

Property Overview

Address Osaka, Osaka4-8 Honmachi 3 Chome, Chuo-ku
Structure/Floors SRC  B3/9F Acquisition Price (million yen) 4,150
Total Floor Space (m2) 14,619.52 Leasable Space (m2) 7,132.22
Completed 1970-2 Standard Floor Space (m2) 1,050.32
Acquisition Date November 16, 2001 No. of Tenants 8
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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.
  • (Note5)As of Mar. 2021, the "Leasable space" was changed from 7132.22 to 7133.61.

Floor Plan (Japanese)

Management Status

35th 36th 37th 38th
Rental Revenues (million yen) 152 154 151 153
Rental Expenses (million yen) 73 92 87 73
NOI from Leasing (million yen) 79 61 64 79
Depreciation (million yen) 34 34 37 38
Rental Income (million yen) 45 26 26 41
Capital Expenditures (million yen) 28 112 75 70
Period-End Occupancy Rate (%) 94.4 94.4 94.3 94.3
NOI Yield (%) 3.8 2.9 3.1 3.8
NOI Yield after Depreciation (%) 2.2 1.3 1.3 2.0
Appraisal Value (million yen) 3,610 3,620 3,580 3,610
Gain or Loss from Valuation (million yen) -640 -708 -779 -782
Cap Rate (%) 4.5 4.4 4.4 4.4
  • (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.

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