Sencity Bldg.

B-14 Greater Tokyo Office Very large Sponsor

A large-scale high-rise office building directly connected to Chiba Station

Chiba Station is a key transportation base with several JR lines, the Keisei Electric Railway Chiba Line and the Chiba Urban Monorail, and the area surrounding the station is a busy area with concentration of retail, cultural and entertainment facilities among others.
Sencity Bldg. enjoys the rare location directly connected to Chiba Station. The building is a complex that includes Sencity Tower, a large-scale high-rise office building and Sogo Chiba, a large-scale retail facility. These characteristics allow for excellent convenience resulting from an integrated development.
Sencity Tower demonstrates overwhelming superiority of location and size in the area surrounding Chiba Station, and boasts not only convenience but also the name recognition and landmark quality to stand as the rarest office building in the area.

Access Map

Routes from Nearby Stations

Click the station names below and you can see the route from the relevant station to the property.

  • 80m from Keisei Chiba Station on the Keisei Chiba Line
  • 170m from Chiba Station on the JR Line
  • 80m from Chiba Station on the Chiba Urban Monorail

Click here for larger map

Related Press Releases

Notice Concerning Property Acquisition (Conclusion of Contract) “Sencity Bldg.”
Notice Concerning Completion of Property Acquisition “Sencity Bldg.”

Property Overview

Address Chiba, Chiba1000 Shinmachi, Chuo-ku
Structure/Floors SRC  B2F/23F Acquisition Price (million yen) 13,870
Total Floor Space (m2) 158,663.55 Leasable Space (m2) 13,271.20
Completed 1993-4 Standard Floor Space (m2) 1,165.64
Acquisition Date March 27, 2020 No. of Tenants 71
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)JPR owns 12.4% equity interest of the Property.
  • (Note6)As of Feb. 2022, the "Leasable space" was changed from 13271.20 to 13271.26.

Floor Plan (Japanese)

Management Status

37th 38th 39th 40th
Rental Revenues (million yen) 249 516 573 499
Rental Expenses (million yen) 39 103 127 162
NOI from Leasing (million yen) 209 413 446 336
Depreciation (million yen) 45 68 71 72
Rental Income (million yen) 163 344 374 264
Capital Expenditures (million yen) 0 32 89 11
Period-End Occupancy Rate (%) 99.7 100.0 98.0 96.0
NOI Yield (%) 5.7 5.9 6.5 4.8
NOI Yield after Depreciation (%) 4.5 4.9 5.4 3.8
Appraisal Value (million yen) 14,600 14,500 14,600 14,800
Gain or Loss from Valuation (million yen) 632 534 616 877
Cap Rate (%) 4.3 4.3 4.3 4.2
  • (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.
  • (Note7) 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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