|Location||Iruma, Saitama, Greater Tokyo Area|
|Type||Investment Value Add|
|Asset Type||Distribution & Logistics Facility|
|Gross Floor Area||17,900m²|
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.
- 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.