OF-04XYMAX Kamiyacho Building
- Tokyo central 8 wards
|Acquisition price||880 million yen|
|Appraisal value||1,160 million yen|
|Structure/Number of Floors||Steel-construction with flat roof 8F|
|Location||5-12-13 Toranomon, Minato-ku, Tokyo|
|Land area||228.83 ㎡|
|Total floor area||1,356.51 ㎡|
|Completion date||April 30, 1991|
The property is located in a well-known office district near Toranomon, Roppongi and Kasumigaski, where it experiences steady demand from tenants who do not require large floor area, including consulting firms and professions (note) whose clients are tenants of large-scale buildings. XYMAX REIT believes that decline in vacancy rates of small- and mid-sized buildings as well as increase in rents can be expected in the area partly due to demolition of office buildings for redevelopment.
(Note) Professions is the collective term for occupations which professional licenses are required, such as attorneys at law, judicial scriveners, land and house investigators, tax accountants, patent attorneys and certified public accountants.