IIF Tochigi Moka Manufacturing Center (Land with leasehold interest)

information

F-25

Location
8-1, Matsuyama-cho, Moka-shi, Tochigi
Acquisition Price (mn Yen)
1,100
Date Acquired
Apr. 01, 2022
Number of Stories
- (Land with leasehold interest)
Land Size
93,854.28 m2
Zoning
Industrial exclusive 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 brake parts and anti-vibration parts for major domestic automotive manufacturers, the mother plant of Kinugawa Rubber Group and IIF has conclude the fixed-term land lease contract for business purpose with 49 years and 11 months.
This property is located on approximately 2.0km from the Moka IC on Kita-kanto Expressway and accessible to Tokyo area and Tohoku area etc. through Tohoku Expressway. Furthermore, automobile-related industries, including Nissan Motor Co., Ltd.'s Tochigi Plant are clustered in the surrounding area, and this property is also located in the Moka Industrial Park (Industrial Park I) with a cluster of factories in various industries including automobile parts and with highly versatility that 24 hours operation is available.

Income

Please refer to "Performance by Property (xls)"

Map

F-25

IIF Tochigi Moka Manufacturing Center (Land with leasehold interest)

Location
8-1, Matsuyama-cho, Moka-shi, Tochigi
Acquisition Price (mn Yen)
1,100
Date Acquired
Apr. 01, 2022
Number of Stories
- (Land with leasehold interest)
Land Size
93,854.28 m2
Zoning
Industrial exclusive area
Total Floor Space
- (Land with leasehold interest)
Number of Tenants
1
Occupancy Ratio
100%
Major Tenant
Kinugawa Rubber Industrial co., ltd.