Location Iruma, Saitama, Greater Tokyo Area
Type Investment Value Add
Asset Type Distribution & Logistics Facility
Land Area 20,300m²
Gross Floor Area 17,900m²
Completion December, 2010
Structure Steel
Closing January, 2012
Exit September, 2013

Investment Rationale

UI identified the opportunity, sourced the asset and presented the investment merits to its capital partner as a mispriced investment opportunity due to the misunderstanding around usage restriction and a time-pressured seller.

Investment Highlights

  • Opportunity to acquire a new, fully leased logistics facility in an established, high-demand logistics submarket in greater Tokyo at an off market price
  • Good location – Iruma within the Saitama submarket is a desirable infill logistics submarket
  • Solid credit quality corporate tenant under long fixed term lease
  • Institutional quality and grade property

The building is a two story facility with docks on the two lateral sides of the building.  The building can be easily demised for multiple tenants and has all modern logistics features. The Facility was 100% occupied to a single tenant on a long terms lease.

The Iruma submarket is a popular logistics submarket due to its 40 kilometer proximity to the Tokyo CBD as well as the continuing expansion of the Kenodo Expressway which now allows logistics companies to cover Saitama as well as the western parts of the Greater Tokyo area.