IIF Yokkaichi Logistics Center (Existing Building)

information

L-51

Location
1340-8, Azayamagamidani, Tarusaka-cho, Yokkaichi-shi, Mie, Japan
Acquisition Price (mn Yen)
3,530
Date Acquired
Dec. 13, 2021
Construction Completion
Jun. 20, 2000
Number of Stories
1-story below ground and 5-story above ground:steel-framed, reinforced concrete building with flat roofing
Land Size
32,929.09m2*
Total Floor Space
18,155.31 m2

Number of Tenants
3
Occupancy Ratio
100 %
Major Tenant
Kajima Tatemono Sogo Kanri Co., Ltd

*A fixed-term land lease contract and a loan for land use contract which are subject to a part of the land were concluded.

IIF acquired the property 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.
Moreover, the development project utilizing a bridge scheme is planned and a new logistics facility will be constructed by Kajima Leasing Corporation as construction contractee, and KAJIMA CORPORATION as construction contractor. IIF will acquire the new building after construction completion from Kajima Leasing Corporation (scheduled to be acquired in September 2022).

Income

Please refer to "Performance by Property (xls)"

Map

L-51

IIF Yokkaichi Logistics Center (Existing Building)

Location
1340-8, Azayamagamidani, Tarusaka-cho, Yokkaichi-shi, Mie, Japan
Acquisition Price (mn Yen)
3,530
Date Acquired
Dec. 13, 2021
Construction Completion
Jun. 20, 2000
Number of Stories
1-story below ground and 5-story above ground:steel-framed, reinforced concrete building with flat roofing
Land Size
32,929.09m2*
Total Floor Space
18,155.31 m2

Number of Tenants
3
Occupancy Ratio
100 %
Major Tenant
Kajima Tatemono Sogo Kanri Co., Ltd

*A fixed-term land lease contract and a loan for land use contract which are subject to a part of the land were concluded.