Tachikawa Business Center Bldg.

B-8 Greater Tokyo Office Large Sponsor&Outside

Located in the heart of the Western Tokyo office area

Located within Fare Tachikawa, a redevelopment district in Tachikawa City, Tokyo, this is a large-scale intelligent office building equipped with communications infrastructure and raised floors.
The surrounding area, situated at the North Exit of JR Tachikawa Station and linked to the station by overhead pedestrian walkways, has become one of western Tokyo's office hubs. The area is in strong demand from branches and sales offices of service industry companies and the like, who have varied needs in terms of their desired floor space.
With over 260 tsubos per floor that can be divided, the building's ability to flexibly accommodate diverse tenant needs gives it a competitive advantage.

Access Map

Related Press Releases

2005.8.09
Notice Concerning Execution of a Purchase Agreement in Connection with the Acquisition of the Tachikawa Business Center Building
2007.1.17
Notice Concerning Property Acquisition (Conclusion of Contract)
2007.2.28
Notice Concerning Acquisition of Additional Ownership in Tachikawa Business Center Building

Property Overview

Address Tachikawa, Tokyo38-5 Akebonocho 2 Chome
Structure/Floors S, SRC  B1/12F Acquisition Price (million yen) 3,188
Total Floor Space (m2) 14,706.36 Leasable Space (m2) 4,588.89
Completed 1994-12 Standard Floor Space (m2) 883.22
Acquisition Date September 30, 2005
February 28, 2007
No. of Tenants 23
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

35th 36th 37th 38th
Rental Revenues (million yen) 147 153 151 154
Rental Expenses (million yen) 58 66 50 50
NOI from Leasing (million yen) 88 86 101 104
Depreciation (million yen) 16 16 17 17
Rental Income (million yen) 72 69 83 86
Capital Expenditures (million yen) 3 31 4 35
Period-End Occupancy Rate (%) 100.0 98.0 100.0 100.0
NOI Yield (%) 5.6 5.4 6.4 6.5
NOI Yield after Depreciation (%) 4.6 4.3 5.3 5.4
Appraisal Value (million yen) 4,260 4,470 4,470 4,470
Gain or Loss from Valuation (million yen) 1,395 1,591 1,604 1,586
Cap Rate (%) 4.2 4.1 4.1 4.1
  • (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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