Arca East

B-1 Greater Tokyo Office Very large Sponsor

A large-scale building connecting directly to Kinshicho subway station

This large-scale office building with approximately 300 tsubos per floor faces the plaza in front of JR Kinshicho Station and connects directly to Kinshicho subway station.
It offers a full complement of facilities and amenities, including retail stores on the lower floors and rest areas in the common area on each floor, while tenants also greatly appreciate the disaster-prevention center that is staffed round-the-clock. The building therefore provides a work environment that combines convenience and safety.

Access Map

Related Press Releases

Notice Concerning Property Acquisition (Conclusion of Contract) "Shinyokohama 2nd Center Building (additional ownership)

Property Overview

Address Sumida-ku, Tokyo2-1 Kinshi 3-Chome
Structure/Floors S, SRC  B3/19F Acquisition Price (million yen) 5,880
Total Floor Space (m2) 34,281.86 Leasable Space (m2) 7,022.76
Completed 1997-3 Standard Floor Space (m2) 964.24
Acquisition Date November 16, 2001 No. of Tenants 7
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

37th 38th 39th 40th
Rental Revenues (million yen) 265 272 267 264
Rental Expenses (million yen) 127 127 123 123
NOI from Leasing (million yen) 138 144 144 140
Depreciation (million yen) 23 23 23 23
Rental Income (million yen) 114 120 121 117
Capital Expenditures (million yen) 34 6 7 0
Period-End Occupancy Rate (%) 100.0 100.0 100.0 100.0
NOI Yield (%) 4.7 4.9 5.0 4.8
NOI Yield after Depreciation (%) 3.9 4.1 4.2 4.0
Appraisal Value (million yen) 6,880 6,930 6,930 7,070
Gain or Loss from Valuation (million yen) 2,668 2,735 2,751 2,914
Cap Rate (%) 3.8 3.8 3.8 3.7
  • (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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