Shin-Kojimachi Bldg.

A-4 Tokyo CBDs Office Medium-size Sponsor

A stately exterior and bright office spaces with double-sided lighting

This building is situated in a highly convenient location with access to multiple transport routes, including Kojimachi subway station (just a 2-minute walk away), Hanzomon subway station, and JR Yotsuya Station.
It features a stately exterior and circular entrance that blend in seamlessly with the peaceful atmosphere of the surrounding area and enhance the impression of quality created by the building. It is of ample size, with approximately 150 tsubos per floor, and the bright interior produced by the double-sided lighting at the corners is another attractive feature.
Efforts have been made to implement energy-saving measures, such as converting to individual air-conditioning, switching to LED lighting in the hallways and other areas, and applying thermal barrier film to the exterior glass, so it continues to hold a strong competitive advantage within the area.

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Related Press Releases

Notice Concerning Increase in Ownership of the Shin-Kojimachi Building

Property Overview

Address Chiyoda-ku, Tokyo3-3 Kojimachi 4-Chome
Structure/Floors SRC  B1/9F Acquisition Price (million yen) 2,420
Total Floor Space (m2) 5,152.98 Leasable Space (m2) 3,319.37
Completed 1984-10 Standard Floor Space (m2) 505.39
Acquisition Date November 16, 2001
November 21, 2002
November 12, 2004
No. of Tenants 16
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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) 117 118 113 109
Rental Expenses (million yen) 34 36 37 49
NOI from Leasing (million yen) 82 81 76 60
Depreciation (million yen) 11 11 11 11
Rental Income (million yen) 71 70 64 48
Capital Expenditures (million yen) 4 5 8 22
Period-End Occupancy Rate (%) 100.0 100.0 85.3 96.7
NOI Yield (%) 6.8 6.7 6.3 4.9
NOI Yield after Depreciation (%) 5.9 5.8 5.4 4.0
Appraisal Value (million yen) 4,240 4,270 4,270 4,380
Gain or Loss from Valuation (million yen) 1,817 1,854 1,857 1,957
Cap Rate (%) 3.6 3.6 3.6 3.5
  • (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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