Iruma Distribution + Logistics Facility
Location
Iruma, Saitama, Greater Tokyo Area
Type
Investment Value Add
Distribution & Logistics Facility
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 – 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 term lease.
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