Yume-ooka Office Tower

B-10 Greater Tokyo Office Very large Outside

A landmark of southern Yokohama

Located in the Kamiooka area, one of the busiest districts in Yokohama City, this high-rise office building is 113 meters high, with 27 aboveground floors.
Kamiooka Station on the Keikyu Main Line and Municipal Subway is an interchange station in Konan Ward linking central Yokohama and central Tokyo, as well as being connected to a bus terminal, so it offers excellent transportation access. Yume-ooka Office Tower is an unusually high building in the area, making it a local landmark, and it enjoys stable tenant demand centering on service-related businesses, including financial institutions, preparatory schools, and clinics.

Access Map

Related Press Releases

2007.5.18
Notice Concerning Property Acquisition (Conclusion of Contract)

Property Overview

Address Yokohama, Kanagawa6-1 Kamiookanishi 1 Chome, Konan-ku
Structure/Floors S, SRC, RC  B3/27F Acquisition Price (million yen) 6,510
Total Floor Space (m2) 185,974.87 Leasable Space (m2) 11,998.77
Completed 1997-3 Standard Floor Space (m2) 1,031.26
Acquisition Date July 10, 2007 No. of Tenants 43
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) The above Site Area and Total Floor Space indicate the area of total redevelopment project.

Floor Plan (Japanese)

Management Status

35th 36th 37th 38th
Rental Revenues (million yen) 337 338 332 352
Rental Expenses (million yen) 161 163 156 164
NOI from Leasing (million yen) 176 175 175 188
Depreciation (million yen) 41 41 42 42
Rental Income (million yen) 134 133 133 145
Capital Expenditures (million yen) 0 23 10 0
Period-End Occupancy Rate (%) 100.0 100.0 99.1 100.0
NOI Yield (%) 5.5 5.3 5.4 5.7
NOI Yield after Depreciation (%) 4.2 4.1 4.1 4.5
Appraisal Value (million yen) 6,910 7,040 7,220 7,220
Gain or Loss from Valuation (million yen) 1,581 1,729 1,940 1,983
Cap Rate (%) 4.1 4.0 4.0 4.0
  • (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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