JPR Yokohama Bldg.

B-12 Greater Tokyo Office Medium-size Sponsor

An office building adjacent to Yokohama Station ideal for tenants who receive frequent visitors

This building is located near the West Exit of JR Yokohama Station, a district that is exceptionally busy even compared to other areas around the station--one of Japan's biggest train terminals. With extensive frontage along the street, the building enjoys excellent visibility and prominence. It has high accessibility to public transportation, being a 3-minute walk from JR and various private train lines and just a 1-minute walk from the Yokohama Municipal Subway line, making it perfectly suited to the needs of tenants who receive frequent visitors to their stores.
From a safety perspective, seismic strengthening was implemented in 2004, and it has also been enhanced with regard to disaster risk prevention and the like.

Access Map

Related Press Releases

Notice Concerning Property Acquisition (Conclusion of Contract) "Tokyo Tatemono Yokohama Building"

Property Overview

Address Yokohama, Kanagawa5-10 Kitasaiwai 1-Chome, Nishi-ku
Structure/Floors SRC  B1/9F Acquisition Price (million yen) 7,000
Total Floor Space (m2) 8,772.51 Leasable Space (m2) 6,493.99
Completed 1981-5 Standard Floor Space (m2) 676.02
Acquisition Date December 27, 2010 No. of Tenants 20
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) 290 294 293 308
Rental Expenses (million yen) 77 126 75 68
NOI from Leasing (million yen) 213 168 217 240
Depreciation (million yen) 32 34 40 40
Rental Income (million yen) 180 134 177 199
Capital Expenditures (million yen) 20 379 64 26
Period-End Occupancy Rate (%) 100.0 98.7 100.0 98.8
NOI Yield (%) 6.1 4.8 6.3 6.8
NOI Yield after Depreciation (%) 5.2 3.8 5.1 5.6
Appraisal Value (million yen) 9,630 9,720 9,930 10,200
Gain or Loss from Valuation (million yen) 2,519 2,264 2,450 2,734
Cap Rate (%) 4.0 4.0 4.0 3.9
  • (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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