IIF Yokkaichi Logistics Center

information

L-51

Location
1340-8, Azayamagamidani, Tarusaka-cho, Yokkaichi-shi, Mie, Japan
Acquisition Price (mn Yen)
8,912 million yen*
Date Acquired
Dec. 13, 2021
Sep. 16, 2022
Construction Completion
Jun. 20, 2000
Aug. 31, 2022
Number of Stories
(Existing Building) 1-story below ground and 5-story above ground:steel-framed, reinforced concrete building with flat roofing
(New Building) 7-story steel-framed with alloy-plated steel sheet building
Land Size
32,929.09m2*
Zoning
Exclusive industrial area
Total Floor Space
33,322.33 m2

Number of Tenants
2
Occupancy Ratio
100%
Major Tenant
Kajima Tatemono Sogo Kanri Co., Ltd

* "Acquisition price" is the total amount of 3,530 million yen for the Existing Building initially acquired plus 5,382 million yen for the New Building acquired on September 16, 2022.

The property is a logistics facility consisting of an Existing Building and New Building developed utilizing a bridge scheme, which was acquired through a CRE proposal in collaboration with Kajima Group capturing expansion needs of distribution base of a major logistics company due to its business expansion.
The property is located on approximately 1.5 km from Yokkaichi-higashi IC on Higashi-Meihan Expressway and in a highly versatile industrial area allowing 24-hour operating. In addition, it is located in the area where a major semiconductor manufacturer has the one of the largest semiconductor manufacturing plants in the world, with high demand for logistics facilities of electronic component manufacturers, etc. including semiconductor-related companies.

Income

Please refer to "Performance by Property (xls)"

Map

L-51

IIF Yokkaichi Logistics Center

Location
1340-8, Azayamagamidani, Tarusaka-cho, Yokkaichi-shi, Mie, Japan
Acquisition Price (mn Yen)
8,912 million yen*
Date Acquired
Dec. 13, 2021
Sep. 16, 2022
Construction Completion
Jun. 20, 2000
Aug. 31, 2022
Number of Stories
(Existing Building) 1-story below ground and 5-story above ground:steel-framed, reinforced concrete building with flat roofing
(New Building) 7-story steel-framed with alloy-plated steel sheet building
Land Size
32,929.09m2*
Zoning
Exclusive industrial area
Total Floor Space
33,322.33 m2

Number of Tenants
2
Occupancy Ratio
100%
Major Tenant
Kajima Tatemono Sogo Kanri Co., Ltd

* "Acquisition price" is the total amount of 3,530 million yen for the Existing Building initially acquired plus 5,382 million yen for the New Building acquired on September 16, 2022.