IIF Narashino Logistics Center (Land with leasehold interest)

IIF Narashino
Logistics Center
(Land with leasehold interest)

IIF Narashino Logistics Center (Land with leasehold interest)

information

L-9

Location
34-9, Akanehama 3-chome, Narashino-shi, Chiba
Acquisition Price (mn Yen)
1,190
Date Acquired
Feb. 16, 2010
Number of Stories
- (Land with Leasehold Interest)
Land Size
19,834.00 m2
Total Floor Space
- (Land with Leasehold Interest)
Number of Tenants
1
Occupancy Ratio
100.0 %
Major Tenant
Kajima Leasing Corporation, JA Mitsui Leasing, Ltd. (joint lessees)

The Narashino area, where the Property is located, is very convenient for access to Tokyo and the Tokyo metropolitan area, and major logistics companies and logistics distribution centers of various manufacturers are concentrated in the area. The Property is particularly convenient in terms of access to major truckings routes including the Higashi Kanto Expressway / Wangan Narashino Interchange, the Keiyo Road / Hanawa Interchange, and the Makuhari Interchange, and it is also located between Haneda Airport and Narita Airport. In the neighborhood of the Property there are many large-scale logistics centers, so we do not believe there is significant risk that land on the neighborhood could be zoned for housing, which would impact logistics operations. And the tenant of this property can expect to easily find labor because of the easy commute by bus from "Shin-Narashino Station" of the Keiyo Line. Moreover, in 2017 a highway is scheduled to be open from the Misato-minami Interchange to the Metropolitan Expressway /Koya Interchange, therefore we believe that the Property has growing potential in the future as land for a logistics center by becoming more convenient for deliveries to the Saitama area.

* IIF acquires only the land, it is included another part of asset which we do not have in the above photo.

Income

Please refer to "Performance by Property (xls)"

Map

L-9

IIF Narashino
Logistics Center
(Land with leasehold interest)

Location
34-9, Akanehama 3-chome, Narashino-shi, Chiba
Acquisition Price (mn Yen)
1,190
Date Acquired
Feb. 16, 2010
Number of Stories
- (Land with Leasehold Interest)
Land Size
19,834.00 m2
Total Floor Space
- (Land with Leasehold Interest)
Number of Tenants
1
Occupancy Ratio
100.0 %
Major Tenant
Kajima Leasing Corporation, JA Mitsui Leasing, Ltd. (joint lessees)
IIF Narashino Logistics Center (Land with leasehold interest)