IIF Iruma Manufacturing Center (Land with leasehold interest)

information

F-24

Location
178-1, Oaza Shinko, Iruma-shi, Saitama
Acquisition Price (mn Yen)
2,550
Date Acquired
Apr. 01, 2022
Number of Stories
- (Land with leasehold interest)
Land Size
34,632.97 m2
Zoning
Urbanization control area
Total Floor Space
- (Land with leasehold interest)
Number of Tenants
1
Occupancy Ratio
100%
Major Tenant
Kinugawa Rubber Industrial co., ltd.

This property is a land with leasehold interest for plant with long-term usability and versatility in good location acquired through CRE proposal capturing the sale-and-leaseback needs of a major automotive parts manufacturer, the seller.
This is a core plant of the lessee to manufacture hose-related products (cooling systems, etc.) for major domestic automotive manufacturer and IIF has conclude the fixed-term land lease contract for business purpose with 49 years and 11 months.
This property is accessible to highways located on approximately 2.5 km from Sayama-Hidaka IC on Ken-O Expressway and approximately 4.0 km from the National Route 16, and is located in an industrial cluster where a factory of a major industrial machinery manufacturer and distribution facilities are located.

Income

Please refer to "Performance by Property (xls)"

Map

F-24

IIF Iruma Manufacturing Center (Land with leasehold interest)

Location
178-1, Oaza Shinko, Iruma-shi, Saitama
Acquisition Price (mn Yen)
2,550
Date Acquired
Apr. 01, 2022
Number of Stories
- (Land with leasehold interest)
Land Size
34,632.97 m2
Zoning
Urbanization control area
Total Floor Space
- (Land with leasehold interest)
Number of Tenants
1
Occupancy Ratio
100%
Major Tenant
Kinugawa Rubber Industrial co., ltd.