IIF Shin-Kawasaki
R&D Center

information

F-17

Location
1-2, Shin Ogura, Saiwai-ku, Kawasaki-shi, Kanagawa
Acquisition Price (mn Yen)
6,300
Date Acquired
Jun. 03, 2019
Construction Completion
Aug. 15, 2015
Number of Stories
Main building:7-story steel structure with flat roof
Annex 1:1-story steel framed reinforced concrete structure with flat roof
Annex 2:1-story steel structure with alloy plated steel sheet roof
Annex 3:1-story steel structure with galvanized steel sheet roof
Annex 4:1-story steel structure with alloy plated steel sheet roof
Land Size
10,910.00m2
Total Floor Space
11,894.29m2
Number of Tenants
1
Occupancy Ratio
100%
Major Tenant
Mitsubishi Logisnext Co., Ltd.

*While the fixed-term building lease contract with the current tenant, Mitsubishi LogisnextCo., Ltd., will be cancelled on March 31, 2020, the new fixed-term building lease agreement is already concluded with the replacing tenant, NEC Networks & System Integration Corporation which will become effective on or after April 1, 2020.

This property is located in Shin-Kawasaki area where industry-academia collaboration facilities and R&D facilities gather which is designated as “Keihin Coastal Area Life Innovation Comprehensive Special Zones for International Competitiveness Development” Shin-Kawasaki area is close to Haneda Airport, and easily accessible from Shinjuku, Shinagawa and Tokyo by JR ShonanShinjuku Line and Yokosuka Line.
Achieve rent increase with the scheduled tenant replacement without any downtime after IIF acquires the property: while the fixed-term building lease contract with the current tenant will be cancelled in April 2020 before maturity, the new fixed-term building lease agreement is already concluded with the replacing tenant, NEC Networks & System Integration Corporation, as its high-versatility as a R&D facility is appreciated

Income

Please refer to "Performance by Property (xls)"

Map

F-17

IIF Shin-Kawasaki
R&D Center

Location
1-2, Shin Ogura, Saiwai-ku, Kawasaki-shi, Kanagawa
Acquisition Price (mn Yen)
6,300
Date Acquired
Jun. 03, 2019
Construction Completion
Aug. 15, 2015
Number of Stories
Main building:7-story steel structure with flat roof
Annex 1:1-story steel framed reinforced concrete structure with flat roof
Annex 2:1-story steel structure with alloy plated steel sheet roof
Annex 3:1-story steel structure with galvanized steel sheet roof
Annex 4:1-story steel structure with alloy plated steel sheet roof
Land Size
10,910.00m2
Total Floor Space
11,894.29m2
Number of Tenants
1
Occupancy Ratio
100%
Major Tenant
Mitsubishi Logisnext Co., Ltd.

*While the fixed-term building lease contract with the current tenant, Mitsubishi LogisnextCo., Ltd., will be cancelled on March 31, 2020, the new fixed-term building lease agreement is already concluded with the replacing tenant, NEC Networks & System Integration Corporation which will become effective on or after April 1, 2020.