IIF Morioka
Logistics Center

IIF 盛岡 ロジスティクスセンター

information

L-24

Location
Plot 3-25-2, Oaza Hiromiyasawa, Yahabacho, Shiwa-gun, Iwate
Acquisition Price (mn Yen)
600
Date Acquired
Feb. 07, 2014
Construction Completion
Aug. 10, 2005
Number of Stories
Main building: 2-stories
Annex: 1-story
Land Size
8050.25m2
Total Floor Space
8,005.35 m2
Number of Tenants
1
Occupancy Ratio
100.0 %
Major Tenant
Nippon Access, Inc.

The property serves as a major distribution center for the end-tenant, a drugstore company listed on the Tokyo Stock Exchange and headquartered in Iwate prefecture which outsources its logistics functions to the tenant. It is located in Morioka area in Iwate prefecture from which the end-tenant delivers everyday commodities to approximately 120 store locations in Aomori, Akita, and Iwate prefectures. Morioka city is one of the key logistics areas serving the Tohoku region alongside Sendai and Koriyama. And it is 4 km from the Morioka-minami Interchange on the Tohoku Expressway, efficient delivery to Aomori, Akita and Iwate prefectures is made possible via National Route 46 (which runs through the Ou Mountains east to west) and National Route 4 (which bisects the Tohoku region north to south). Within 10 km from Morioka city, and is located near major historical logistics facilities such as Morioka Wholesale Center, Morioka Truck Terminal, Morioka Central Wholesale Market, and Iwate Truck Terminal.
The two-story property has a gross floor area of approximately 8,000 m2, and is equipped with 17 truck berths, 1.5t/m2 floor weight capacity, 6.0 to 7.0 m ceiling height, and over 10.0 m intervals between pillars provide versatility.

Income

Please refer to "Performance by Property (xls)"

Map

L-24

IIF Morioka
Logistics Center

Location
Plot 3-25-2, Oaza Hiromiyasawa, Yahabacho, Shiwa-gun, Iwate
Acquisition Price (mn Yen)
600
Date Acquired
Feb. 07, 2014
Construction Completion
Aug. 10, 2005
Number of Stories
Main building: 2-stories
Annex: 1-story
Land Size
8050.25m2
Total Floor Space
8,005.35 m2
Number of Tenants
1
Occupancy Ratio
100.0 %
Major Tenant
Nippon Access, Inc.