JPR Dojima Bldg.

C-17 Other Cities Office Medium-size Sponsor

The office building is popular among tenants that mainly accept and serve visiting customers

This office building is located in the Dojima area, which represents one of Osaka's oldest office districts, along with Umeda. Located along Yotsubashi-suji Street, the office building has an arched appearance and is easy to find.
It is favorably positioned in terms of transportation access, just a 2-minute walk from Nishi-Umeda subway station and a 2-minute walk from JR Kita-Shinchi Station.
Moreover, the building is in front of the entrance of the bustling Dojima Underground Shopping Center, which extends from Umeda.
The building therefore enjoys strong demand from tenants that mainly accept and serve visiting customers.

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Related Press Releases

Notice Cocerning Acquisition of the Doujima F Building

Property Overview

Address Osaka, Osaka1-23 Sonezakishinchi 2-Chome, Kita-ku
Structure/Floors SRC  B2/9F Acquisition Price (million yen) 2,140
Total Floor Space (m2) 5,696.01 Leasable Space (m2) 3,917.91
Completed 1993-10 Standard Floor Space (m2) 431.16
Acquisition Date January 23, 2004 No. of Tenants 12
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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

37th 38th 39th 40th
Rental Revenues (million yen) 132 125 125 132
Rental Expenses (million yen) 48 50 50 50
NOI from Leasing (million yen) 83 74 74 82
Depreciation (million yen) 20 20 20 20
Rental Income (million yen) 62 54 54 61
Capital Expenditures (million yen) 2 5 14 1
Period-End Occupancy Rate (%) 92.1 92.1 92.1 100.0
NOI Yield (%) 7.8 7.0 7.0 7.6
NOI Yield after Depreciation (%) 5.9 5.1 5.1 5.7
Appraisal Value (million yen) 3,530 3,560 3,580 3,820
Gain or Loss from Valuation (million yen) 1,401 1,445 1,472 1,731
Cap Rate (%) 4.1 4.1 4.1 4.0
  • (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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