JPR Chayamachi Building

C-5 Other Cities Retail Outside

A commercial facility enhancing the popularity of the Osaka Chayamachi district

This building is located in a busy area with many commercial facilities close to Umeda Station and Osaka Station, the busiest terminal in western Japan.
Thanks to its facade that offers excellent visibility for fashion-related retailers, the building's main tenants are branches of well-known fashion brands.
In future, the area will be developed to encourage more circulation between Umeda and Chayamachi, so it is expected to become an even more prosperous commercial district.

Access Map

Related Press Releases

2006.7.04
Notice Concerning Execution of Purchase Agreement for Acquiring the Chayamachi Grande Building
2006.8.30
Notice Concerning Acquisition of the Chayamachi Grande Building

Property Overview

Address Osaka, Osaka2-19 Chayamachi, Kita-ku
Structure/Floors S, SRC  9F Acquisition Price (million yen) 6,000
Total Floor Space (m2) 3,219.36 Leasable Space (m2) 2,478.42
Completed 1994-6 Standard Floor Space (m2) 319.28
Acquisition Date August 30, 2006 No. of Tenants 5
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

36th 37th 38th 39th
Rental Revenues (million yen) 171 165 181 177
Rental Expenses (million yen) 45 29 36 32
NOI from Leasing (million yen) 125 136 144 144
Depreciation (million yen) 15 15 16 17
Rental Income (million yen) 109 120 128 127
Capital Expenditures (million yen) 0 0 20 35
Period-End Occupancy Rate (%) 100.0 100.0 100.0 100.0
NOI Yield (%) 4.1 4.6 4.8 4.9
NOI Yield after Depreciation (%) 3.6 4.0 4.2 4.3
Appraisal Value (million yen) 8,500 8,320 8,370 8,410
Gain or Loss from Valuation (million yen) 2,495 2,330 2,375 2,398
Cap Rate (%) 3.3 3.3 3.3 3.3
  • (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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