Kawaguchi Center Bldg.

B-6 Greater Tokyo Office Large Outside

A landmark building in the Kawaguchi area

A 3-minute walk from the East Exist of JR Kawaguchi Station, the 15-story, state-of-the-art building has an area of about 370 tsubo per floor.
It has a spacious entrance and large parking lot that can accommodate over 80 cars, while the common areas on each floor are equipped with smoking rooms and break rooms.
Surrounded with many small buildings, the Kawaguchi Center Building has good facilities and can be easily found from the train station. It is a landmark in the Kawaguchi area.
Tenants of the building include service-related companies, call centers and many other major enterprises.

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Related Press Releases

Notice Concerning Acquisition of the Kawaguchi Center Building

Property Overview

Address Kawaguchi, Saitama1-8 Honmachi 4-Chome
Structure/Floors S, SRC  B2/15F Acquisition Price (million yen) 8,100
Total Floor Space (m2) 28,420.85 Leasable Space (m2) 15,503.27
Completed 1994-2 Standard Floor Space (m2) 1,224.80
Acquisition Date February 13, 2004 No. of Tenants 42
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.
  • (Note5)As of Sep. 2021, the "Leasable space" was changed from 15503.27 to 15519.71.

Management Status

36th 37th 38th 39th
Rental Revenues (million yen) 445 455 472 473
Rental Expenses (million yen) 207 170 158 159
NOI from Leasing (million yen) 238 284 314 313
Depreciation (million yen) 70 72 71 70
Rental Income (million yen) 167 212 242 242
Capital Expenditures (million yen) 89 55 10 16
Period-End Occupancy Rate (%) 97.2 100.0 100.0 99.2
NOI Yield (%) 5.8 7.0 7.7 7.8
NOI Yield after Depreciation (%) 4.1 5.3 6.0 6.0
Appraisal Value (million yen) 9,740 9,940 10,000 10,300
Gain or Loss from Valuation (million yen) 2,376 2,601 2,722 3,076
Cap Rate (%) 4.7 4.7 4.7 4.7
  • (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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