Portfolio List
OF-03XYMAX Shinjuku-Gyoen Building
- Office
- Tokyo central 8 wards
| Acquisition price | 5,020 million yen |
|---|---|
| Appraisal value | 7,340 million yen |
| Asset type | Office |
| Structure/Number of Floors | Steel-construction / Reinforced concrete structure with flat roof B1F/9F |
| Location | 1-1-11, Shinjuku, Shinjuku-ku, Tokyo |
| Land area | 839.09 ㎡ |
| Total floor area | 6,084.32 ㎡ |
| Completion date | February 28, 2001 |
Property Features
The property has favorable access to Shinjuku Station as it is located a 2-minute walk from Shinjuku-gyoemmae Station on the Tokyo Metro Marunouchi Line. It can satisfy demand from tenants with business partners near Shinjuku Station or seeking an office in a quiet environment facilitated by the proximity to Shinjuku Gyoen National Garden. As supply of new offices is limited and vacancy rates continue to decline, XYMAX REIT believes the property is in an area where strong leasing demand can be expected going forward.